SUSPENDS PAYMENT
OLD-ESTABLISHED LONDON FIRM ('Rec. November 15, 7.15 p.m.) London, November 14. ' The Financial House of J. Horstman Limited has suspended payment. The house was established in the city in 1802 as banking and acceptance of business. The failure is due to frauds on the part of certain correspondents and trustees on the Continent. It is estimated that these total between £300,000 and £400,000. The firm’s capital is held privately. It is stated that a large shareholder on the Continent has committed suicide.
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https://paperspast.natlib.govt.nz/newspapers/DOM19291116.2.59
Bibliographic details
Dominion, Volume 23, Issue 45, 16 November 1929, Page 11
Word Count
84SUSPENDS PAYMENT Dominion, Volume 23, Issue 45, 16 November 1929, Page 11
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