61.   Okay?

62.   A statement of any restrictions on the investments which the firm may acquire for the customer or a statement that there is no such restrictions.

63.   However, the statement should be more than a transcript.

64.   A supplementary statement may be necessary, for example, where further relevant events have occurred since the original statement was made.

65.   Whether a statement is capable of bearing a defamatory meaning is a question of law, to be decided by the judge at the outset of a trial.

66.   A statement may be entirely false, and deeply upsetting to the person about whom it is made.

67.   But the House of Lords held that the statement was not capable of meaning that the plaintiffs were guilty of fraud.

68.   Here, libel is by innuendo, ie the statement is defamatory to those with knowledge of facts not stated in the article.

69.   For the purpose of the law of libel a hearsay statement is the same as a direct statement, and that is all there is to it.

70.   Any such statements must be explicit and unambiguous.