ABSTRACT
The actions of the Stock Exchange in managing the practical problems of settlement and of the banks in managing members' financial embarrassments went a long way towards keeping order in the market although problems remained to be resolved. It involved members who had no personal exposure to the outstanding Clarence Hatry settlement and involved country brokers from whom the London Exchange would customarily have stood aloof. For the next few months, news of the crisis within the Exchange was dominated by reports of the prosecution which was to be advantageous for the Governor in managing the aftermath as the newspapers were constrained by the restrictions on reporting cases which were before the courts. By the middle of January 1920, the fund had been established, so that on 22 January 1930, as Hatry's trial was under way, the committee was able to agree that settlement would take place on 13 February 1930.
