Part 56 (1/2)

_A._ Yes.

_Q._ At one or other of those prices.

_A._ Yes.

_Cross-examined by Mr. Topping._

_Q._ Can you tell me what was Mr. Cochrane Johnstone's balance on the 15th?

_A._ I think 465,000.

_Q._ On the 16th how much was that reduced?

_A._ On the 16th I sold 200,000.

_Q._ Reducing the balance of course to 265,000.?

_A._ Yes.

_Q._ Upon the 17th what did you sell?

_A._ On the 17th I bought 50,000. and sold 115,000. reducing the balance to 200,000.; on that Sat.u.r.day I bought 50,000.

_Q._ And you had his directions upon that Sat.u.r.day to sell at one per Cent.?

_A._ To sell 50,000. at one per Cent. profit.

_Q._ And you had done that before you saw Mr. Cochrane Johnstone at all?

_A._ Yes, I had.

_Mr. William Smallbone, sworn._

_Examined by Mr. Gurney._

_Q._ You are a Stock-broker, I believe?

_A._ Yes.

_Q._ Did you shortly before the 21st of February make any purchases for Mr. Cochrane Johnstone?

_A._ Yes.

_Q._ You had made two purchases only, I believe, the 12th and the 14th?

_A._ Yes, only two purchases of 20,000. each.

_Q._ When did you sell them out?