ALLEGED FALSE STOCK RETURNS

Dominion, Volume 20, Issue 162, 5 April 1927, Page 9

ALLEGED FALSE STOCK RETURNS

FATHER AND SON CHARGED Ry TELEGBAPH.-PRKSS ASSOCIATION; Gisborne, April 4. A case of interest to stock firms was Heard at the Magistral s C° ur L before Mr Levvey, S.M, to-day. Thomas Brosnahan and his son, Aloysius George Brosnahan, were charged with having m the past two years obtained by alleged false’stock returns advances from Messis. Dalgety and Co. of £<9B .'nd £3<6 SP John e jo S eph Heaslcy, manager of Messrs. Dalgety and Co., stated that in July, 4925, the firm had taken a stock mortgage over sheep owned by fhomas Brosnahan, who was a client of the firm, two conditions being that all sales or purchases be put through the firm, and lia f-yearlv returns be made by accused of stock in possession. When the wool and certain lands returns did not come forward the firms auctioneer was instructed to inspect the property. After this was done Brosnahan interviewed witness saying, “Well, here I am to take my gruelling. I’ll be glad when it is a l oven It’s a load , off my mind lie very worried man for a lon„ time.” Accused said he had sold the stock, but could not explain where they had gone to. Witness asked if he lealised the seriousness of what he had done. Accused replied “Yes, I suppose I m for it but your firm wont lose anything. He offered the firm an assignment ot portion of his property. 1 Herbert Roland Williams auctioneer for Messrs. Dalgety and Co., said he found only 176 sheep on making a mustCfieath Johnson, accountant to the firm, stated that advances were made to Brosnahan on stock returns furnished to the firm totalling £798. ~ Detective McLeod produced in evidence a statement by the accused, who stated the counting of the stock was left to two sons, he relying on them tor the figures. Fie admitted his son Aloysius George also furnished false returns for December, 1926. at his instigation. Accused reserved his defence and was committed to the Supreme Court for trial. Bail was allowed . In the case against Aloysius George Brosnahan similar evidence was tendered. The mortgage over the stock to the firm was over 736 sheep and <0 cattle, but on a muster no sheep were found on the property. Accused pleaded not guilty and was committed to the Supreme Court for trial. Bail was allowed.