It is my belief, however, that, as a matter of principle and if no adjustment contracts had already been executed, interpretation of section 9(b) to require an undoing of all transactions prior to the enactment of the Merchant Ship Sales Act would afford more equitable treatment to both prior and subsequent purchasers and to the Government.
Memorandum of Disapproval of Bill To Amend the Merchant Ship Sales Act of 1946
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