AUSTRALIAN SECURITIES.
A PROPOSAL OBJECTED TO. Received. 9, 4.15 p.m. London, August 8. Thirty-two stockbrokers, comprising all the dealers in colonial securities on the Stock Exchange, signed a memorial to Mr. Coghlan, expressing unqualified disapproval of the proposal that inscribed stocks on the Australian register should be transferable in London. I The memorialists declare it will be impossible to make prices or hold large amounts of stock as they now do if at any moment further unknown quantities might be thrown on the market. There would cease to be a. free market, and Australian securities, being no longer realisable at any . time within small range prices, would lose favor with bankers, insurance companies, and the investing public. Mr. Coghlan, in a sympathetic reply, said the matter was being referred to the Government.
The memorial was supported by the Bank of England and the Westminster Banks.
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https://paperspast.natlib.govt.nz/newspapers/TDN19080810.2.16.9
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Taranaki Daily News, Volume LI, Issue 197, 10 August 1908, Page 3
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145AUSTRALIAN SECURITIES. Taranaki Daily News, Volume LI, Issue 197, 10 August 1908, Page 3
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