"LEFT DOMINION."

Auckland Star, Volume LXX, Issue 246, 18 October 1939, Page 8

"LEFT DOMINION."

MAN OWING MONEt SERIOUS ALLEGATION. CREDITOR'S PETITIO*. ' (By Telegraph.—Press AssociiHflfcj^^ WELLINGTON, thj« LM Raymond F. Nelson, advertising" ager for Eeuters, Limited, was adra*|j|§ bankrupt by Mr. Justice Smith in Supreme Court. The affidavit 0 f petitioning creditor, E. J. Hocking" | director and general manager of Stew** Dawson (N.Z.), alleged that possession of between £4000 and £5(2 which he was obliged to invest ® account for to Stewart Dawson-ial others, had left New Zealand to def2 his creditors. He had gone to AtiflrlJ? 1 ostensibly on business, and hadpSi written from Suva, where he had on a health trip. Reuters had told that Nelson was extending his tjS} to Honolulu and it "was had booked a passage from Suva fc Southampton about August 13. >1

Hocking, in his affidavit, said during May and June last he >» Nelson sums amounting to £2300 instructions as agent and trnstee''£? putting the money into suitable nients in Hocking's name. Nelson W - refunded £500, but had failed either t» effect any investment of the balance * return it and had fraudulently verted £2000 to his own use. Hoekia. said lie believed Nelson was remaisu out of New Zealand to defeat ]2 creditors.

About August 5 he interviewed at Wellington and Nelson leaving that day on, a short biuiota visit to Auckland, but no indication v«j j given that he intended leaving tU country. A letter from Suva said ki would he returning to New Zealuj about September 1. The Jetter nudfi no reference to the ainounfs owing, jjjfß merely said Nelson would caHffjjl Hocking when he returned to lington. No Further Advice. Since that letter Hocking had topi; heard from Nelson and did not kßjpfcS where he was. As Nelson did not etS, Hocking said he interviewed Mr. RcAukjl son, manager of Reuters, who said - son told the oifice staff he was goiiy £ J Auckland on business for Eeuters anil subsequent letter announced he silS taking a health trip to Suva. A eaik ' on August 18 said Nelson was extent ing his trip and was going to Honolulu Hocking said he knew a writ had issued against Nelson by Ptrcy Stewiltg Dawson and Norman Stewart Damta, trustees for the Xew Zealand estate fli the late David Stewart Dawson, to jlfc : cover £2018 16/ received by Nelson b trust -to remit to Sydney and credit to the banking account of the two Dawsons. He had bfeen informed *>y * solicitor acting for the Dawsons that si ; September 29 a charging order nisi ludj° been obtained, whereby money standing to the credit of Nelson at the Uiikig Bank of Australia, Limited, in New Z» land, was charged with the amount far which the Dawsons might obtain judgment. The ground on which the ing order was obtained was that Nelm,\ was absent from New Zealand witi intent to defeat his creditors.

said, ,* l)e had also Va reformed by tie solicitors that on tember 6 a writ wad sealed in tfe Supreme Court by the Wholesale tributing Company, Limited, agaimt Nelson for £075 received by him forwll use of the company, and a chargiag order nisi had been obtained on eimilar ground to the other order. Credits at Banks. Inquiries made at the Union Australia at IXinedin and the Commer-ff cial Bank of Australia at Wellington showed that Nelson had money to Mlgi credit at both banks, said Hocking. Hs|| had been unable to ascertain ths. amoniits, but he believed the credits much le?s than the. amount due to Mi and that Nelson had various other credl-'-t°rs_ whose claims greatly exceeded tl»i§ credit balance. He had no security forM the £2000 owing him.