SHARE DEALS.
QUESTION OF COMMISSION. LONDON, September 20. . The committee of the London Stock Exchange has rejected a proposal made by iin influential group of brokers to reduce the share of commission payable to banks on share deals from one-half to one-third.
The "Daily Herald" financial editor says the committee surrendered unconditionally owing to a threat by the "big five" banks to establish a rival organisation for share transactions. Banks with branches throughout the country could easily establish a clearing house for shares, similar to the'cheque clearing house, taking probably half the Stock Exchange business.
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Bibliographic details
Auckland Star, Volume LXIII, Issue 224, 21 September 1932, Page 7
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95SHARE DEALS. Auckland Star, Volume LXIII, Issue 224, 21 September 1932, Page 7
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