Collins (Inspector of Taxes) v Joseph Adamson & Co An association was formed for the purpose of maintaining prices of boilers, and as part of its operations it applied a part of its funds in one case to the purchase of (a) a business, which was thereupon wound up, (b) its plant, which was thereupon destroyed, and (c) a covenant preventing future competition, and, in a second case, for the acquisition of shares in a company, to obtain control thereof and to secure it as an active member of the association.