Mr. T. Shiota, cross-examined by Mr. Priestwood, stated that he had searched for the articles of incorporation of the exchange among the papers he had received from di Villa, but could find none. He had asked di Villa repeatedly for all of the papers but was continu-ably put off, an English translation tually being handed to him. A copy of this was made by witness and sent to Tokio. He did know that according to Italian law three copies of the imemorandum of "incorporation should have been supplied by the Italian. Consul-General. Witness had heard from a Mr. Nien that the papers were supposed to have been entrusted to di Villa.
Nien was vice-president of the exchange. Asked whether it) was not a fact that Nien had been charged in the Japanese Court with embezzlement, witness said he did not know. Nien was at present in Tokio.
The question of the receipt for registration of the company in the Italian. Consulate was next discussed at Jength. Witness said that he examined the receipt when it was handed to him and _it was the same as at present. He did not know that according to Italian
Text read from the printed page and cleaned; old type leaves the occasional error.