1
Mr. Bourne's Question.
305
I append draft of the proposed Regulations which
I an assured would be enforced by the Mixed Court.
The object of the Regulations is to prevent
gambling in shares by persons without capital. In
order to do this the Broker must not be allowed to
sell short forward: to constitute himself a gaming
tout: to that extent British brokers may be at a
disadvantage compared with Foreign brokers, in respect
of forward contracts with persons other than British
and Chinese, but without the British und Chinese lamb
to fleece the game would not be worth the candle. In
other respects it is difficult to Bee how the British
Broker will suffer from these Regulations compared
with the Foreigner.
The possible combinations are us follows:-
Contruct between two British subjects.
a British subject and a
(1)
(2)
1
foreigner
(3)
1
15
two foreigners,
I shall be very much obliged if Mr. Stephen will
indicate how in each of these possible cases the British
broker would suffer; or whether in any other respect.
Mr.
I