AUSTRALIAN SHARES
GOVERNMENT ANNOI NXEMENT WELCOMED I (Recd. 10.20 p.m.) Sydney, March 6. Investors and brokers welcome the modifications in the Federal Government’s economic relating ' to share transfers'. It is hoped that a I, flow of business comparing favour- . ably with that recorded before the [ ban on free trading took effect will be possible. Actual trading in company shares will not be resumed until a scale of maximum and minimum prices has been fixed by the Stock Exchange. Some time is likelv to elapse before the schedule is prepared. Share nrices will be allowed to fluctuate 10 ner cent, above or 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 the onus will be on sellers to comply with the five months’ holding requirements.
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Bibliographic details
Wanganui Chronicle, Volume 86, Issue 56, 7 March 1942, Page 5
Word Count
162AUSTRALIAN SHARES Wanganui Chronicle, Volume 86, Issue 56, 7 March 1942, Page 5
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