A state of considerable activity Was noticeable on Tuesday among members of the Stock Exchange, and by 8 p.m. it was stated that arrangements for the June settlement had been completed. It is believed that a certain amount of delay in the day's proceedings was caused by the Chinese banks demanding certified cheques in exchange for the release of scrip, bub ultimately this difficulty was overcome, and it is understood th: everything passed off satisfactorily.
The settlement was, of course, of considerable magnitude, in fact is stated to be larger than either of the two preceding ones. As to the actual amount involved it is impossible at the moment to obtain even approximate figures. The actual amount paid by cheque, however. is reported to have been reduced by two-fifths by reason of contra-accounts and the delivery of shares.
Text read from the printed page and cleaned; old type leaves the occasional error.