Mr. Hubert. He did?

Mr. Paul. Yes.

Mr. Hubert. And you loaned him 3 or 4 months’ rent?

Mr. Paul. Yes.

Mr. Hubert. In return for which he pledged to you or gave you as security 500 shares of the stock of the corporation?

Mr. Paul. Yes.

Mr. Hubert. But I want to know what corporation was that; was that the Sovereign?

Mr. Paul. S. & R.

Mr. Hubert. And what year would that have been in?

Mr. Paul. In 1959 or 1960.