BROKERAGE CHARGES

Dominion, Volume 12, Issue 32, 1 November 1918, Page 8

BROKERAGE CHARGES

ON WELLINGTON. STOCK EX- • CHANGE. The following amendments and^additions to the rules of the Wellington Stock Exchange are gazetted:— Commission. Rule G6 amended to read as follows :- ' 6(i. TV brokerage chargeable for buying or selling shades in all companies, and debentures and stock, shall bo as follows:— ■ , , . On New Zealand Government debentures, i per cent, on face value.. On all other Government and local body, i per cent, on face value. On nil other debentures, 1 per cent, on face value. . .' On shares other than mining, 1-f per cent. . On mining shares up to Gd., id. per On mining shares over 6d. up to 25., Jd. per share. On mining shares over 2s. up to 3s. dd., Id. per share. _ • On mining shares, over 3s. id. up to ]os./ lid. per share. On mining" shares over 10s., 1} per

cent. . , On syndicate shares, 2* per cent. Minimum charge, ss. on any transaction; buyers paying stamp duty and transfer fees. The above rates m respect of sales of shares and of debentures already issued are in all cases chargeable to both buyer and seller. On mining transactions both buyer and seller pay stamp duty. ■ A special charge m excess of the above rates may be made according to the circumstances of the case for the negotiation of new flotations and of issues of new or reserve shares, in which case the vendor or issuing company alono is to be charged, or of shares or securities not oil the official list, or of New Zealand Government land purchase bonds. <Y double selling and a single buying commission shall be charged on sales of slmrea of all New Zealand companies not listed on any New, Zealand exchange. Rule S2 amended'-to read ns follows:— 82.' The list of quotations of prices and of purchases and sales ejected and reported at the iiiily meetings of the exchange shall be the official list of the exchange. The exchanges shall also issue a monthly share list, of which each member is entitled to twenty-five copies free of charge. No member of this exchange shall he permitted to issue a "Shave List," "List of Sales,' "Prices Current," "Trade Circular (in reference to 6hares) or "General Report."

New Rule. 6Ga That no lower rates other than tho«e fixed in these rules shall be charged, and it shall not be allowable under any circumstances whatever to pay a"ents or other persons not members of an affiliated exchange a remuneration of any kind for introducing business except in respect of applications for shares in new companies or for increase in capital in existing companies.