On Monday petitions were made for the compulsory winding-up of
four of the Hatry group of companies— the. Austin Friars Trust, the Corporation and General Securities,. Ltd., the Dundee Trust, and the Oak Invest- ment Corporation, Ltd. On Monday the Stock Exchange Committee appointed a sub-committee to examine the clearing sheets of several stocks and shares in the Hatry group, and announced that the settlement of differences in these securities would be postponed, so that no pay- ments would be required on Settlement Day this week. On Wednesday the Committee made the further announce- ment that Settlement Day for all the principal Ilatry issues would be postponed till October 24th.. So far as we know, there has never befnre been such a long postponement. The Committee is evidently doing all that it can to lay bare every detail of the disaster and to soften the blow so far as possible. Brokers have been requested to ascertain the names of all their country brokers' clients. The banks, which are heavy losers, have promised to co-operate, but the secrecy of customers' accounts will be an obstacle. It is, of course,the rule of banks to reveal no customer's affairs except on an order from the Court.
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