HEAVILY INVOLVED

Dominion, Volume 22, Issue 61, 5 December 1928, Page 10

HEAVILY INVOLVED

ESTATE OF AUCKLAND SOLICITOR deficiency in trust FUNDS By Telegraph.—Press Association." Auckland, December 4. At a meeting of creditors of Hector Robert Malcolm, solicitor, a committee was formed to go into his affairs. The Official Assignee said the trade debts were £427 and the deficiency in the trust funds £7171. These figures, however, were not complete, People had gone to him alleging defalcations, but had not returned to make further statements. It appeared that all that was left in the trust account was £l3. The books apparently had hardly been kept at all since last March, and it was very hard to determine just what the book debts were. The only asset from which he expected to get any considerable sum was on an interest in a coal company in Taranaki, in which Malcolm held shares. The Assignee said he would call, another meeting when the adjudication of Malcolm as bankrupt went through. At present he was merely the receiver. He-understood a creditor had issued a warrant for Malcolm’s arrest, and that he had gone to Australia.