J. MILLARD TAWES, GOVERNOR 313

ment, for to do so would be to sacrifice basic rights of many for the
expediency of attempting to police a few.

I do not in any way condemn or criticize the General Assembly for
its effort to enact legislation to correct the deficiencies in our laws
pertaining to savings and loan associations. On the contrary, I am in
complete sympathy and accord with the principle underlying this
effort and, for that matter, there seems to be unanimous agreement,
even among the opponents of the bill, that proper regulation is desir-
able. I, too, share this view. I take this occasion, therefore, to request
the Legislature to again consider this problem at its 1961 session with
the view toward enacting adequate and appropriate legislation which
will result in proper regulation of this business.

To this end I will shortly appoint a committee representative of all
facets of the building, homestead and savings and loan industry in
this State to work jointly with the committee of the Legislative Coun-
cil which has this problem under study. I shall further request this
coordinated committee to conduct a comprehensive study and to
assume the responsibility of promulgating and presenting appropriate
legislation at the 1961 session. I assure this committee the fullest
cooperation of the Executive Branch of the State government, includ-
ing the expert and technical assistance which its respective agencies
may be called upon to provide.

Because, as I have stated above, I feel that this bill does not cure
the ills for which it was designed and, in fact, may lead the general
public into the erroneous belief that the industry is being properly
regulated and controlled by a proper State agency when such is not
the case, I have determined not to give it my approval and am returning
it to the House in which it originated.

Sincerely yours,

(s) J. MILLARD TAWES,

Governor.
JMT/LS/els

House Bill No. 126—Second Distribution of Income Tax Receipts

AN ACT to repeal and re-enact, with amendments, Section 311 (b) of
Article 81 of the Annotated Code of Maryland (1957 Edition), title
"Revenue and Taxes", sub-title "Income Tax"; to add a new Section
311 (c) to said Article and subtitle, to follow immediately after said
Section 311 (b); to repeal and re-enact, with amendments, Section
323(d) of said Article and subtitle; and to add a new Section
323(d-1) thereto, to follow immediately after said Section 323(d),
to authorize, subject to the discretion of the Comptroller, a second
distribution of income tax receipts derived from withholding
receipts and estimated tax payments to such of the counties of this
State and Baltimore City as may request the same.