CO129-251 - Acting Governor Barker - 1891 [9-11] — Page 57

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

and

a decline in value.

follows

ollows as a

as a matter

of

course

By confining business to

shares that exist the su

supply

will be liited, there will

be vro

and

for

CL-

"

excessive speculation"".

buying

on time and

the rise will be checked

necessary

corrective in

the market-" Under present-

circunstânces in the event

a seller fail.

lo

only difference

of a rise if deliver, the buyer can sue him for the differ in values, whereas if numbers

given in the contract; the buyer will have a

are

claim on the identical shares, which he can

follow

and lake possession_ of. This is a substantial redress, compared with the receipt- of a paltry difference of prices.

In

4.35:36.737.

In selling govels

to arrive

tele on aphic expenses are incurred, in obtaming from the shippers particulars of such goods. There is no reason why when the share Sales Bill becomes law similar expenses should not be incurred in obtaining from "London", Shanghai,

Yokohama.

Cohama, Manila,

-and other places "the

numbers of shares that are to be disposed of for forward delivery. There is always a margin of profit-

such transactions to admit-

of paying for such cost-

of

of

a wire.

"Limiting transmissibility.

shares

" will check rash

speculation. The time required to look in his

safe

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