Q. Can you tell me what was Mr. Cochrane Johnstone's balance on the 15th?
A. I think £465,000.
Q. On the 16th how much was that reduced?
A. On the 16th I sold £200,000.
Q. Reducing the balance of course to £265,000.?
A. Yes.
Q. Upon the 17th what did you sell?
A. On the 17th I bought £50,000. and sold £115,000. reducing the balance to £200,000.; on that Saturday I bought £50,000.
Q. And you had his directions upon that Saturday to sell at one per Cent.?
A. To sell £50,000. at one per Cent. profit.