The rules under which the Stock Exchange will be reopened
on January 4th have been issued by the Treasury and the Stock Exchange Committee. The object of the restrictions is to prevent the forced realization of securities and opera- tions for depressing prices, and to close the market entirely to the enemy. All transactions must be for cash, said must be officially recorded. No member will be allowed to offer or bid for stock openly in the market. The minimum prices must not be reduced without the consent of the Treasury, and these prices will be fixed by the Committee for inter-Bourse securities. No security will be good delivery unless it has been held in the United Kingdom since September 30th. All arbitrage business is prohibited, and no dealing will be allowed in any new issue of capital made after January 4th except with the sanction of the Treasury.
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