§ 55. Sir J. JARDINEasked the Chancellor of the Exchequer upon what grounds the Lords Commissioners of His Majesty's Treasury refuse to grant the Stock Exchange permission to deal in the Culloden Consolidated Company's shares, which are now and have been dealt in by outside concerns; and whether he is aware that the Culloden Consolidated Company is merely an amalgamation of two other companies arranged without any fresh subscription in cash?
§ Mr. BONAR LAWThe Treasury declined to approve the issue in question, and in these circumstances the shares cannot, under Rule 4 (3) of the Temporary Regulations for the reopening of the 1905 Stock Exchange, be dealt with on the Exchange. The answer to the last part of the question is in the affirmative.