301
rendering the contracts aimed as "illugul" instead of
merely "null and void to all intents and purposes what-
soever.
These are the only improvements in the terms of
the Ordinance which I can suggest.
(Signed)
Hugh A,Nisbet.
Registrar of Companies.
11th November, 1913.
I agree with paragraphs 1 and 2 above.
Re 3 naturally the brokers wish the old system
but purely from a selfish point of view,
I do not agree with the recommendation in 4 as
regards extending the Ordinance to making forward trans-
actions illegal: it le quite sufficient in my opinion
to have made them non-legal as they are now.
I have no doubt that the Ordinance has worked
beneficially during the twenty odd years of its
existence.
There have been no 'comers' such as were notor-
lous before and there has been no recurrence of the
almost