Part 103

Q. I believe you are a bookseller and also act as a stock broker.

A. I am.

Q. You are not a Member of the Stock Exchange.

A. No, I am not.

Q. In the afternoon of Saturday the 19th of February, did Mr. Butt, make any application to you on the subject of stock.

A. On the morning of that day.

Q. What did he apply to you to do?

A. He applied to me to purchase a quantity of Omnium.

Q. How much did he mention?

A. He mentioned on the first instance as much as L150,000.

Q. What answer did you give to that?

A. I hesitated to execute such a commission as that to that extent.

Q. How much did you purchase for him?

A. L20,000.

Q. On that Saturday?

A. Yes, in the morning I speak of.

Q. What did you do with that L20,000?

A. I received instructions to sell it again, if I could get a quarter per cent profit.

Q. Did you get a profit and sell it again?

A. In a short time I did get three-eighths per cent profit, and consequently sold it again without waiting for instructions.

Q. Did you then by his instructions make any further purchase for him?

A. I did in the latter part of that day purchase first L20,000 and then L10,000.

Q. On the morning of Monday the 21st did you sell out that L30,000?

A. I did.

Q. In pursuance of instructions received on the Saturday or on the Monday?

A. On the Saturday, at the time I saw him.

Q. At what profit did you sell?

A. At three-fourths per cent profit.