...be declared not to be an investment company on a showing that it is "primarily engaged in a business other than that of investing, reinvesting, owning,...trading in securities either directly or (A) through majority owned subsidiaries or (B) through controlled companies conducting similar types of businesses."...

...Act declaring that it was primarily engaged in a business or businesses -her than that of investing in securities, either directly or (A) through majority-owned...companies conducting similar types of businesses." In its decision, the Commission held that in determining primary business engagement under the statute,...

...none of the following persons is an investment company within the meaning of tins title: ***** (2) Any issuer which the Commission, upon application by such...holding, or trading in securities either directly or (A) througi majority-owned subsidiaries or (B) through controlled companies conducting similar types of...

...UUe : • •••*«• (2) Any Issuer which the Commission, upon application by such Issuer, find* and by order declares to be primarily engaged in a...trading in securities either directly or (A) through majority owned subsidiaries or (B) through controlled companies conducting similar types of businesses....

...activities within the meaning of the Act, held that the company is entitled to an order declaring it to be primarily engaged in a business or businesses...reinvesting, owning, holding or trading in securities. APPEARANCES : Irving Schiller, of the Corporation Finance Division of the Commission. Bowden, Taylor...

...and Order issued December 3, 1956, 37 SEC, 449 (1956) the Commission declared that South American was engaged in a business or businesses other than that...reinvesting, owning, holding or trading in securities. 'Section 3(a)(3) of the Act reads aa follows: "When used In this title, 'Investment company' means...

...percent of applicant's outstanding preference stock and none of its common stock. The balance <Z) Any issuer which the Commission, upon application by such Issuer, finds and by order declares to b« primarily engaged in m business or businesses other than that of investing. reinvesting, owning,...

...registered investment company declared by the Commission to be primarily engaged in a business otber than that of investing, reinvesting, owning, holding or trading in securities either directly or through majority owned subsidiaries or controlled companies conducting similar types of businesses...

...its applications the company asks that we issue an order under Section 3 (b) (2) declaring that it is "primarily engaged in a business or businesses other than that of investing, reinvesting, holding or trading in securities . . ." and is, therefore, not an investment company within the meaning...

...definition of an investment company contained in Section 3 (a) (3), any issuer which the Commission finds and by order declares to be primarily engaged in a business other than that of investing, reinvesting, owning, holding or trading in securities, either directly...