ON WEDNESDAY

Auckland Star, Volume LXXIII, Issue 56, 7 March 1942, Page 4

ON WEDNESDAY

TRADING IN SHARES RESUMPTION IN AUSTRALIA (Rec. 1 p.m.) SYDNEY, this day. Trading in shares on the Australian stock exchanges will be resumed next Wednesday. Business will be on a restricted basis, as detailed in the Federal Parliamentary Committee's recommendations, which have received the assent of the Government. The period of five months in which shares must be held before they can be sold begins from the day the holder is registered by the company, not from the day on which the shares were purchased. RELIEF FOR INVESTORS SYDNEY. March 6 Investors and brokers welcome the modifications of the Federal Government's economic regulation* relating to share transfers. It Is hoped that a flow of business comparing favourably with that recorded before the ban on free trading took effect will be possible. Actual trading in company shares will not be resumed until the scale of i the maximum and minimum prices has been fixed ;by the stock exchanges. Some time is likely to elapse before the schedule is prepared. Share prices will be allowed to fluctuate 10 per cent above or below the rates ruling on February 19. or such basic price ae is determined by the exchange committee to be in line with, the market at that date. Provision will be made tor periodical revision of price* In the llcbt of changing factors. It is understood that the onus will be on sellers to comply with the five months' holding requirements. -—. _ i