A BANKRUPTCY FRAUD.
(__ TELKGKAPi-.--PRESS ASSOCIATION.)
Dunedin, this day. In the Supreme Court to-day, the case of Ed^ar v. Fitzgibbon was heard. A miner named Hall was entitled to 600 shares in the Gallant Tipperary Company, and it was agreed between Hall and Fitzgibbon that the shares should be in the latter's name. Fitzgibbon advanced Borne money to Hall, bub bhe iabter became bankrupt, and Edgar was appointed trustee. Tho fact of Hall having an interest in tbe shares was never disclosed to him, and it only came out some ten years after, in a dispute between Hali and Fitzgibbon. Edgar now, as trustee, sought to recover. Mr Justice Ward said ib was clear thab there had been an arrangement to defraud creditors. Tbe measure of the damages must be the value of the shares at bhe time of bhe bankruptcy, which was ss. A decree was accordingly made for 2,650 shares, equal to £662 10s, with costs.
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Bibliographic details
Auckland Star, Volume XXIV, Issue 91, 19 April 1893, Page 5
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157A BANKRUPTCY FRAUD. Auckland Star, Volume XXIV, Issue 91, 19 April 1893, Page 5
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