THE MARCONI GAMBLE.

Wairarapa Age, Volume XXV, Issue 10713, 20 May 1913, Page 4

THE MARCONI GAMBLE.

The gamble in Marconi shams by members of the British Ministry has, according to recent .English files, created a profound sensation throughout Great Britain, and the position occupied by Mr Lloyd George in. the mattei" has been soarehiiigly criticised. The Chancellor has defended himself by saying that he is a poor man, and that he purchased his shares merely as an investment. The London "Tablet" sums the position up as follows: "Mr Lloyd George objects to these transactions being described as a gamble, xie explains that lie bought both lots of shares, as an investment. The company in which he thus invested had never paid a dividend, and he sold 500 shares at a profit three aa.vs after he purchased them. Still, he says that at any rate, wh?n he bought the shares he meant them to bo an investment. . . . But what exactly was he investing? Not his money—for he had not got it; on the contrary to effect the purchase he had to borrow from his broker, and is still paying interest on part of the loan. Perhaps we may say he invested his hopes." The "Tablet", suggests that but for the fact that the Chancellor is in the same boat with him, Sir IRuf-us Isaacs would have been dropped out of the Ministry.