SOUTH- Alignments in Andhra

December 27, 1969 arguments in support of its position instead of merely asserting in its superior wisdom that such a course "will not be in the public interest''. This transformation of LIC, in the course of a few paragraphs of its letter, from a simple buyer and seller of shares who is unconcerned about the identity of those to whom it sells or from whom it buys and who has "no particular use" for voting rights in companies, to the guardian of "the public interest" is, I am afraid, not very convincing.