MARCONI SHARES

Otago Daily Times, Issue 15736, 12 April 1913, Page 9

MARCONI SHARES

—: «> PROGRESS OF THE INQUIRY. Preßa Association—By Telegraph—Copyright. LONDON, April 10. There were strong differences among the members of the Marconi Committee respecting Mr Heyoourn's refusal > to tell how he placed 350,000 Marconi shares. The witness objected to give details. Mr Godfrey 'Isaacs (manager of the British Marconi Company, described the placing of a quarter of a million shares. He asserted that the outcry against himself originated with the stockbrokers who are promoting the Poulsen system. FURTHER EVIDENCE BY MR • ISAACS. LONDON, April 11. (Received April 11, at 9.25 p.m.) Lord Robert Cecil on behalf of the minority, strongly resented the action of the committee in refusing to press Mr Heybourn to disclose his private business, ness. Mr Godfrey Isaacs gave evidence that he refrained from taking £46,250 profit on Mr Heyboum's purchase, whioh went to the company. Ho still held his own 2500 shares as an investment. He' produced the Ponlson prospectus, containing the name of the expert who reported on the system, and who Sir Henry Norton recommended as the best table to advise the committee which was the best system for the Government to adopt. Witness said he heard in July that a syndicate was arranging to attach Ministers and make certain that the Marconi contract would not pass Parliament. He produced a letter by Mr Hawkins, a stock broker, giving a conversation at a West End dinner party in May forecasting the outcry raised in the Houso of Commons. -