LOANS ON PAWN.
£1,5,00,000 SWINDLE. Municipal Concession in Bayonne. FARMED OUT TO POLE. (United P.A.—Electric Telegraph—Copyright) (Received 10.30 a.m.) LQXDON, January 1. The Paris correspondent of the "Financial Times" states that a swindle - involving £1,500,000, has been revealed in connection with the Bayonne municipal pawnbroking establishment, a concession in connection with which was unknowingly farmed out to a Pole. The Pole kept a double set of books, one of which greatly magnified the loans. Counterfoils were secretly transmitted to Paris and negotiated as bills for fictitious values. A Paris message states that the Banque Credit Municipal of Bayonne has closed its doors following the arrest of a director named Tissier.
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Bibliographic details
Auckland Star, Volume LXV, Issue 1, 2 January 1934, Page 7
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110LOANS ON PAWN. Auckland Star, Volume LXV, Issue 1, 2 January 1934, Page 7
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