The Shanghai Stick Exchange hereby gasranters to do all in ite power to enforce the sive undertaking for the benefit of the Cathay Trast, Ld.
For the committee. either verbally, or in wr jog. Defendant never eaid that if witness did not coll it would be at his own risk. At that time witees did a lot of business with diffe-
His Cathay Lordship—Did the Trast order yon to bring this action?
Witness—Yer. to the Stock Exchange 800,000. Ho wrote letter todefeud: before the June Settlement, and also saw him aod asked him what he was Mr. Jones objected to going into these matters.
His Lordship replied that they might have some bearing on the print as to mnity, and he could not stop thie going to Defendant told evidence at present, witness to wait; be never gave In reply to Mr, Fessenden witness instructions to sell the shares. "The stated that the June Settlement was shares witees bad left on his hands mere on deposit with the Cathay Frost, Witness suggested to defendant th might arrange about these shares with the Cathay Trust. He suggested that defendant might go to the Cathay Trust to arrange loan. Witness boliered that defendant told bim that he approached the Cathay Trust. He did not tell witness that be would not deal with the Cathay Frost. The Settlement day was on Jane 28. It had to be prolonged. In company with other brokers he signed a letter to the Cathay Frost, This letter, a copy of which was hapd-'
in read as follows carried through under the system known as pooling. All his scrip was deposited with someone representing the Cathay Trast, In carrying through this pool the brokers got together, and it witness bad bought 200 shares of certain kind from Mr. Potts on one occasion, and had sold him 200 shares of the somme kind on another ocossion, they were written off against one another and if there was any difference in price one of them bad to pay the balance, arrangement mas between the brokers, independently of their clients?
Witness—Yee, The Committee of the Shanghai Stock Exchange.
Io consideration of the arrangement made for the carrying on the June Settlement we, the undersigned, under-
Me, Fessenden—Where yon hare not a purchase and a sale between the same brokers you sometimes hand round contracts and they cirealate from ove broker to another until you find o1
Text read from the printed page and cleaned; old type leaves the occasional error.