MAHONEY, Circuit Judge.
For the fifth time we are confronted with problems arising out of the affairs of the Aldred Investment Trust. The trust, which was organized in 1927 as a Massachusetts trust, was registered with the Securities and Exchange Commission as a closed end, non-diversified, management investment company. From 1937 the trust's assets were less than its outstanding debentures and its earnings did not equal its interest requirements. In 1944 the trust...
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