24 MARCH 1967, Page 29

Steel shares

Sir: Mr Davenport and 'Custos' have served me eery well in the past by their financial advice.

But Mr Davenport now seems to be taking more interest in the Chancellor's successes than in the financial affairs of your readers. He writes (3 March) 'He has merely to exchange government paper for a valuable under-priced asset. . .

Well, well—is it under-priced? Dalton bought the railways for much more than they were worth, and my family had the sense to sell out immediately.

Whose side is he on? A. S. Winder 20 Roughdown Road, Boxmoor, Herts