Stock exchange in trouble

KOLKATA, MARCH 19. The Calcutta Stock Exchange authorities were today toying with the idea of mortgaging the CSE Association Limited building to raise money if the need arose, in the face of severe payments crisis.

The CSE president, Mr. Kamal Parekh, who hurriedly called an emergency meeting of the member-brokers, admitted that the exchange was passing through ``extremely difficult times'' and mortgaging of the building could be considered as one of the options to raise funds. He promised that all possible sources of revenue would be explored to protect the interest of members and their deposits, according to a CSE statement.

- PTI

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