Document issued by the Office of the Attorney General of Texas in Austin, Texas, providing an interpretation of Texas law. It provides the opinion of the Texas Attorney General, Grover Sellers, regarding a legal question submitted for clarification: Under the given facts would it be necessary for the Insurance Company in question to obtain a permit under the Securities Act in order for the stock to be sold to the general public?

Front: Text describes action on various war fronts: Italy, Western Europe, USSR, Pacific, Southeast Asia, China. Maps: Approach to Rome; northern New Guinea. Includes photographs: U.S. Navy plane on patrol duty; American jeep passes by a disabled German self-propelled 88mm. gun in the Spigno area; Ensign R. Black, Navy hellcat pilot of Brigham, Utah exits from his shattered plane. Back: Air commandos. Text and 8 photographs tell the story of air commandos in Asia.