...provides: "Sec. 8 (a) The Commission, by rules and regulations upon its own motion, or by order upon application, shall exempt any holding company, and...— • .» * » * , "(:!) such holding company is only incidentally a holding company, being primarily engaged or interested In one or more businesses...

...Act reads as follows: "The Commission, by rules and regulations upon its own motion, or by order upon application, shall exempt any holding company, and...exemption detrimental to the public interest or the interest of investors or consumers. lf-- "(1) such holding company, and every subsidiary company thereof...

...group of insurance companies holding $5 first preferred stock of Buffalo Niagara. A protective comas such, from any provision or provisions of this title,...Interest or the interest of investors or consumers, if — (1) such holding company, and every subsidiary company thereof which is a public-utility company...

...is predominantly a public utility company within Section 3 (a) (2), the Commission shall exempt it "from any provision or provisions of this title, unless...exemption detrimental to the public interest or the interest of investors or consumers . . ." Inasmuch as the public interest and the interest of investors...

...relates to Section 3 (a) (1). SECTION 8 (a) (2) Section 3 (a) (2) of the Act provides that the Commission shall exempt any holding company, and every subsidiary...thereof as such, from any provision or provisions of the Act unless and except insofar as the Commission finds the exemption detrimental to the public interest...

...institutional investor. STATUTORY PROVISIONS Section 3 (a) (2) of the Act provides that the Commission shall exempt any holding company, and every subsidiary...thereof as such from any provision or provisions of the Act "unless and except insofar as the Commission finds the exemption detrimental to the public...

...acquired interests in natural gas producing ' Section 3 (a) (3) of the Act provides that the Commission shall exempt any holding company, and every subsidiary company thereof as such, from any provision or provision* of the Act, unless and except Insofar as the Commission finds such exemption detrimental...

...filed an application for exemption under Section 3 (a) (3) of the Act, which provides for exemption "from any provision or provisions of this title unless and except insofar as it (the Commission) finds the exemption detrimental to the public interest or the interest of investors...

...provide that the Commission shall exempt any holding company and every subsidiary thereof as such — unless and except insofar as it finds the exemption detrimental to the public interest and the Interest of investors and consumers if— such holding company Is only incidentally a holding...

...that of an "affiliate" or a "person" as defined in the Act. 'This section provides that the Commission shall exempt any holding company and every subsidiary company thereof as such, unless and except Insofar as the Commission finds tbe exemption detrimental to the public Interest...