Q. What did you do with that £20,000?

A. I received instructions to sell it again, if I could get a quarter per cent profit.

Q. Did you get a profit and sell it again?

A. In a short time I did get three-eighths per cent profit, and consequently sold it again without waiting for instructions.

Q. Did you then by his instructions make any further purchase for him?

A. I did in the latter part of that day purchase first £20,000 and then £10,000.

Q. On the morning of Monday the 21st did you sell out that £30,000?

A. I did.

Q. In pursuance of instructions received on the Saturday or on the Monday?

A. On the Saturday, at the time I saw him.