"HIDDEN TREASURE,"

Auckland Star, Volume XLI, Issue 271, 15 November 1910, Page 6

"HIDDEN TREASURE,"

■fXOTATION OF PROPERTIES.

BfOCK EXCHANGE DISCUSSION.

After the noon call: of ttihe Stock Ex-to-day, Mi Moore-Jones- moved, in ■accordance iwrth' noGce"given yesterday for the appointment of a sub-com-mittee to imprire into the policy of tine Aucjdand -Stocfe Exchange in, respect to the flotation of pToperttea, and to aeeertain if tfee- meti-ods can. ; t>e.aitered so as to encouragilig' prospecfclg.- -A- discussion followed, in the cooise of which the opinion "was- expressed, by (Mr O Ar'ButMe)- -fJßrt-it-was practi-: cally a vote of ■want of confidence in the committee of the Exchange. He explained that "the regulations were the result of years of experience, and did not in any "way block the. gerauiie prospector, bein" merely aimed at ttte main -who put in four pegs when there was a revival in business, and fcheV set to work ito exploit QtseenrStreet. ~-' _ . Mr Mo.ore-Jones the opinion that it-was sot the funcfion of'fehe Exchange to mdtter the pbUfc; and that the prosi>ector had a right" to vend his property for vito*- and shares he could get, the broker's Irasmess beang to operate as directed by his dltent. Several -members who. were nominated for the sub-committee declined to stand, and ultimately the motion was thrown out by 19 to 1. -