Q. And you had done that before you saw Mr. Cochrane Johnstone at all?

A. Yes, I had.

Mr. William Smallbone, sworn.
Examined by Mr. Gurney.

Q. You are a Stock-broker, I believe?

A. Yes.

Q. Did you shortly before the 21st of February make any purchases for Mr. Cochrane Johnstone?

A. Yes.

Q. You had made two purchases only, I believe, the 12th and the 14th?

A. Yes, only two purchases of £20,000. each.

Q. When did you sell them out?