LLOYD'S BANK.
Losses Through Hatry Crash Not Yet Known. FANTASTIC RUMOURS. (Received 10.30 a.m.) 1 LONDON, January 31. At a meeting of Lloyd's Bank Mr. J. W. Beaumont Pease, who presided, referred to the fantastical figures bandied about concerning the losses of the bank incurred in the Hatry affair. "Let me put an end to these wild stories," he said. "We have not a single penny invested in any company of the Hatry group. We made advances to them almost entirely against what we believed were trustee securities or good Stock Exchange securities. We should suffer little loss. v but for the fact that many municipal securities are now challenged as having been fraudently issued. Difficult questions concerning that will have to be settled in the Law Courts. Till then it is impossible to say the amount of our loss."
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Auckland Star, Volume LXI, Issue 27, 1 February 1930, Page 9
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140LLOYD'S BANK. Auckland Star, Volume LXI, Issue 27, 1 February 1930, Page 9
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