DOUBLE TAXATION OF DIVIDENDS

The Executive Committee of the Association held a meeting in New York January 27 attended by well over a majority of the members and in many respects representing the viewpoints of two or three additional men to those actually present in person. The Committee took several steps which will prove to be of general interest to members of the Association; and it set in motion certain other actions which will be implemented in large part through the Committee of 15, a group which met jointly with the Executive Committee. Among the significant steps taken were (a) action to distribute a membership list to the personnel of the Membership Committee, of the Executive Committee, and of the Committee of 15; (b) action subsequently to publish a membership directory of the Association; (c) action to increase the dues from $5 to $10, effective July 1, 1947; (d) action looking toward the ultimate substitution for the Bulletin of a first-rate journal of government finance; and (e) action looking toward bringing up to date the index prepared as of 1926 by Mr. and Mrs. Roy G. Blakey. James W. Martin, President