Business: Visitors

While investigating the dark bog of protective committees and corporate reorganizations, the Securities & Exchange Commission took a long look at the Foreign Bondholders Protective Council, the quasi-public body whose duty it is to salvage something for the luckless owners of foreign dollar bonds. On the whole the Council received a clean bill of health from SEC. But the SECommissioners are perfectionists at heart, and in their report to Congress last May they had several suggestions to make.

Most of these suggestions had to do with the Council's finances. At present the Council...

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