"TERRIBLE STATE."
AFFAIRS OF DEAD SOLICITOR.
SYDNEY, August 17.
Mr. Claude Roach, trustee in bankruptcy, in a report to a meeting of creditors in the estate of the late Arthur Davies, solicitor, who committed suicide rccentlv, disclosed a deficiency of about £50,000.
Davies' affairs were in a terrible state, said Mr. Roach. No books had been kept, not even a trust cash book or ledger. Tho only records of deceased's transactions Were cheque butts.
Mr. Roach described this bankruptcy as one of the worst of its kind. He said it was a perfect example of what the law in New South Wales 'allows. It does not even require that a person who handles trust funds shall keep proper books.
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Bibliographic details
Auckland Star, Volume LXIV, Issue 194, 18 August 1933, Page 7
Word Count
119"TERRIBLE STATE." Auckland Star, Volume LXIV, Issue 194, 18 August 1933, Page 7
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