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New Zealand Mail, Issue 360, 4 January 1879, Page 5

The report upon the London Stock Exchange by the Royal Commissioners is an exhaustive and practical document, but in some intances the members of the commission do not agree. They are not, for instance, quite unanimous in recommending the incorporation of the Stock Exchange under TLoyal charter with the control of the Board of Trade or that of some other constituted body; nor, again, as to legislation against dealing in stocks prior to allotment. The latter, they consider, constitute the principal means by which fradulent loans and companies have been hitherto rendered possible. They have- come to the conclusion that if the Legislature would provide that all dealings before allotment, whether in foreign loans or the shares of new companies, should be prohibited by law under sufficient penalties, the change would be a most salutary one, and would do more than anything else that could be devised to uproot the practices and devices by which the public have been so ruinously imposed upon.