44 —

agricultural or horticultural organisations, instituted for the
purposes of mutual help, and not having capital stock or conducted
for profit, or to forbid or restrain individual members of such
organisations from lawfully carrying out the legitimate objects
thereof; nor shall such organisations, or members thereof, be held
or construed to be illegal combinations or conspiracies in restraint
of trade. under the anti-trust laws.

Sec. 7. No corporation engaged in commerce shall acquire,
directly or indirectly, the whole or any part of the stock or other
share-capital of another corporation engaged also in commerce,
where the effect of such acduisition may be to substantially lessen
competition between the corporation whose stock is so acquired
and the corporation making the acquisition, or to restrain such
commerce in any section or community, or tend to create a monopoly
 of any line of commerce.
No corporation shall acquire, directly or indirectly, the whole
or any part of the stock or other share capital of two or more
corporations engaged in commerce where the effect of such acquisition,
 or the use of such stock by the voting or granting of
proxies or otherwise, may be to substantially lessen competition
between such corporations, or any of them, whose stock or other
share-capital is so acquired, or to restrain such commerce in any
section or community, or tend to create a monopoly of any line
of commerce. This section shall not apply to corporations purchasing
 such stock solely for investment and not using the same
by voting or otherwise to bring about, or in attempting to bring
about, the substantial lessening of competition. Nor shall anything
contained in this section prevent a corporation engaged in commerce
from causing the formation of subsidiary corporations for the actual
carrying on of their immediate lawful business, or the natural and
legitimate branches or extensions thereof, or from owning and
holding all or a part of the stock of such subsidiary corporations
when the effect of such formation is not to substantially lessen
competition.
Nor shall anything herein contained be construed to prohibit
any common carrier subject to the laws to regulate commerce
from aiding in the construction of branches or short lines so located
as to become feeders to the main line of the company so aiding in
such construction or from acquiring or owning all or any part

Vaderlandsche Nijverheid.