MARCONI SHARES.

Dominion, Volume 6, Issue 1722, 12 April 1913, Page 7

MARCONI SHARES.

A RELUCTANT WITNESS.

COMMITTEE DECIDES NOT TO PRESS HIM. fly ToleEra»h—Press Association—Copyright . \ London, April 10. There were strong dissensions at' the Marconi Contract Committee in consequence of. tho refusal of Mr. Heybourn, tho broker who put big blocks of AnicricK. Marconi shares on the English market,, to describe, how lio had placed i)C0,000 shares. Tho . witness objected to give details. Mr. Godfrey Isaacs, manager of the British Marconi Company, gave evidence. He described the placing of a quarter of a million shares, and asserted that tho outcry had been originatod ' by stockbrokers who were promoting tho Poulsen system.. . . • ■ COUNTER-ALLEGATIONS BY MR. : ISAACS. (Roc. April 11, 9.25 p.m.) London, April 11. . Lord Robert Cecil, on behalf of the . minority on the Marconi ■ Committee, strongly resented, the committee's action in refusing to press Mr. Heybourne to disclose his private business.' . Mr. Godfrey Isaacs, in his evidence, stated that,he had refrained from taking .£18,250, the profit on Mr. Heybo'urno's purchase, whicli went. to the company, He still held his own 2500) shares as an investment. He produced the Poulsen Company's prospectus, . containing tho name'of the expert who reported on the system, and. whom Sir Henry Norman, ■ M.P., had recommended as the expert best; able ..to the committee which was the test System, for the Government to adopt. The witness said ho had heard in July that a syndicate'was arranging to attack Ministers, and make certain that the Marconi contract would not pass Parliament. He produced a letter from Mr. Hawkins, a stock-broker, giving a conversation at a ; West End dinner party in May of last year, forecasting that an outcry would be- raised in the House of Commons in connection with fho Marconi contract.