THE HATRY CRASH
LOSSES BY LLOYD’S BANK London, January 3L At a meeting of Lloyd Bank shareholders, Mr. Beaumont Please, who presided, referred to the fantastical figures bandied about concerning the losses of the bank incurred in the Hatry affair. “Let me put an end to these wild stories,” he said. “We have not a single penny invested in any company of the Hatry group. We made advances to them almost entirely against what we believed trustee securities or good Stock Exchange securities. We should suffer little loss, but for the fact that many municipal securities are now challenged as having been fraudulently issued. Difficult questions on these points will have to be settled in the law courts. Till then It is Impossible to say the amount of our loss.” .
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Dominion, Volume 23, Issue 110, 3 February 1930, Page 10
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130THE HATRY CRASH Dominion, Volume 23, Issue 110, 3 February 1930, Page 10
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