2 FEBRUARY 1985, Page 17

Knock for knock

The Stock Exchange has ingeniously suggested that, since the City's new supervisory apparatus will cost a fortune, it should be funded pro raw, with those who give it most work to do (i.e., the fringe operators, not the Stock Exchange) being charged most of the costs. How do you work the fees out? Like car insurance? — 'Heard the news, old boy? Norties have lost their no-claims bonus.'