IN TIME OF WAR

Evening Post, Volume CXXVIII, Issue 56, 4 September 1939, Page 13

IN TIME OF WAR

STOCK EXCHANpE BUSINESS The Australian Stock Exchanges at their recent conference in Melbourne considered the procedure to be followed in the event of a national emergency and. carried the following .resolution: — (a) In the event of a doubt arising as to whether war has been declared the call be suspended and inquiries made* (b)" In the ease of a major conflict the" Exchange bei closed and there be no (Official calls and no dealings in the precincts of the Exchange. ■ (c) Each Exchange to pass the necessary rule to prevent selling except by a person actually owning the shares. :;<d) Settlements to be arranged by a conference either by telephone or actual meeting. ~ . - ■;.■•, -:. (c) -Reopening to be decided by conference, ofr the, chairmen of the Exchanges.' •bailing a decision any, Exchange to'reopen after-giving seven clays'■notice. .^ \ - The Sydney Stock Exchange was closed today. ;