ABSTRACT
IT is a surprising feature of the present-day structure of British industrial organisation that the country which once prided herself on being immune from any monopolist domination to-day not only possesses hardly a single industry or trade in which quasimonopolist combination is absent, but actually has remained the only important industrial country in which no legislation has been enacted to control their activities. Indeed, the only possibility of counteracting the formation of monopolist associations-the application of the doctrine of restraint of trade-has been almost eclipsed. Britain appears to be the ideal place for combination, both industrial and in retail trade.
