TRADING IN SHARES
CHANGE IN AUSTRALIAN PLAN WELCOMED
SYDNEY, March 6. Investors and brokers welcome the modifications of the Federal Government's economic regulations relating to share transfers. It is hoped that a flow of business will be possible which will compare favourably with that recorded before the ban on free trading took effect. Actual trading in company shares will not be resumed till the scftle of 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 and below the rates ruling on February 19 or such basic price as is determined by the exchange committee to be in line with the market at that date. Provision will be made for a periodical revision of prices in the light of changing factors. It is understood that the onus will be on sellers to comply with the five months' holding requirements. -
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Bibliographic details
Evening Post, Volume CXXXIII, Issue 56, 7 March 1942, Page 8
Word Count
162TRADING IN SHARES Evening Post, Volume CXXXIII, Issue 56, 7 March 1942, Page 8
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