TIN HARE SCANDAL

Dominion, Volume 25, Issue 248, 15 July 1932, Page 9

TIN HARE SCANDAL

Sale of Company Shares “JUGGLING WITH MONEY” Commission Hears Evidence By Telegraph—Preua Assn.—Copyright. (Rec. July 14, 11.10 p.m.) Sydney, July 14. The Royal Commission (Mr. Justice Haise Rogers) continued its inquiries to-day into charges arising from the issue of mechanical hare licenses. A considerable amount of evidence was heard in regard to the sale of shares of two greyhound-racing companies. The main witnesses were Alban Gee and his partner in Alban Gee and Company, sharebrokers. Mr. Gee admitted that F. S. Swindell, otherwise known as Judge Swindell, had handed his firm a cheque for £5OOO and received in return five cheques for £lOOO each, made payable to five different persons. Mr. Monaghan, K.C., who is assisting the commission, asked the reason for “that little pantomime.” Mr. Gee replied that he did not know. Mr. Justice Rogers: “I suggest that a transaction like that was to cover up something.” Mr. Gee’s partner, Henry Malmgron, said that he did not see anything suspicious in his various transactions with greyhound shares until this Royal Commission came along. Mr. Justice Rogers interposed: “I did not know there was so much credulity in Pitt Street.’,’ Mr. Monaghan at another stage interjected : There was apparently a good deal of juggling with money in order to get it to Swindell.” ' Mr. Malmgron was asked to explain a transaction relating to a cheque for £2498, for shares in a coursing club. He answered that he could not do so. Mr. Justice Rogers at length observed : “This witness is either Incredibly stupid or not telling the truth.” Mr. Malmgron replied: “I am telling the truth.” The Commissioner retorted: “Well, you leave the inference that yon are incredibly stupid.” Miss Valerie Kelly, a solicitor’s clerk, whose name has been 1 mentioned freely in connection with share deals, gave evidence that the first she knew of the shares was when her name was mentioned in the Press, and consequently she was most annoyed. Another witness, James Hutton, who had signed a transfer of 12,000 shares, admitted that he was only a dummy acting on behalf of Mr. Munro. The hearing was adjourned.