THE BEVAN CASE
SHARES IN CITY EQUITABLE
USE OF POWER OF, ATTORNEY.
(DOTTED PRB3S ASSOCIATION—COPTRIGHT-.)
(AUSTKALIAK • NETT ZEALAND CABIE ASEOCIATJOH.)
(Received 14th October, 9 a.m.) LONDON, 12th October. During the hearing of the Bevan case at the Guildhall, John P. Randall Parsons gave evidence that, holding a power of attorney for his brother, Colonel William Frederick Parsons, absent in Australia, on whose behalf he had £115,000 to invest, he inquired into the prospects of the City Equitably and its associated company. ■
He saw Bevan, who assure^ him that) the prospects wetre good, even though' the immediate yield of the shares, at market price, was below the yield from Government Stock. The witness decided to buy the company's shares before he saw Bevan. He bought 200 preference shares for £617 for his brother, and a hundred for his wife for £302 10s.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19221014.2.42
Bibliographic details
Evening Post, Volume CIV, Issue 91, 14 October 1922, Page 7
Word Count
141THE BEVAN CASE Evening Post, Volume CIV, Issue 91, 14 October 1922, Page 7
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