SELLING SHARES.

Wairarapa Age, Volume XXV, Issue 10713, 2 April 1913, Page 5

SELLING SHARES.

CABLE NEWS

(United Press Association—By Electric Telegraph—Copyright,)

MR LLOYD GEORGE'S INVESTMENT. (Received April 1, 10 a.m.) LONDON, March 31. Before the Parliamentary Committee inquiring regarding the contract between the Marconi Wireless Telegraphy Company, Ltd., and the British Post Office, Mr Lloyd George, Chancellor of the Exchequer, gave evidence that he bought shares as an investment. Not having much cash he avoided speculations. In reply to a question why. if he bought shares as an investment he sold the bulk within three days of purchase, he said he had acted on his brokers' advice, and that he did not think the transaction any less an investment because he had done so. Three male -suffragists were ejected for interjecting remarks regarding the Chancellor's treatment of women. LLOYD GEORGE INDIGINANT. A DENIAL BY MR HERBERT SAMUEL. (Received This Morning, 12.20 o'clock.) LONDON," April 1. The Right Hon D. Lloyd George, in a dramatic speech, challenged any member of the House of Commons to formulate their charges. "It is cowardly and mea.iT," he said, "to skulk behind and circulate .slanders to journalists." He had, ho said, always proceeded on the principle of "no speculating." He regarded an investment as something permanent. For the sake of dividends the speculator was buying im-.order to sell. Having a family he had never done that. Cross-examined, Mr Lloyd George admitted that he sold 857 out of the first 1000 shares within three days, at a profit of £749. He had only paid his brokers a third of the purchase money, and the brokers advanced the rest, And s'till liel<i the shares'as security. Mr Lloyd George offered his passbook and handed in his list of invest-, ments. . The Right Hon - Herbert Samuel gave evidence that fie never held shares' in ahy"'Mpcconi Cbinpaiiy.'