BANKING HOUSE FAILS
OLD-ESTABLISHED LONDON ' ' . ■ ■■ FIRM LONDON, 14th November. The financial house of J. Horstman, Limited, has suspended payment. The house was established in the city in 1802 as a banking and aeceptanco business. The failure is due to frauds on tho part of certain correspondents and trustees 911 the Continent, It is estimated that these total between £.300,000 and £400,000.- The firm's capital is held privately. It is s.tated that a largo shareholder on tho Continent has. committed BUJcido. (Received ISth November, S a,m.) . . LONDON, 15th November. It is stated that the suspension of tho firm of Horstman, Ltd., bankers, does not involve the public. The loss falls only on members. It is estimated that between g3,000",000 and £4,000,000 js involved.
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Bibliographic details
Evening Post, Volume CVIII, Issue 120, 16 November 1929, Page 9
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122BANKING HOUSE FAILS Evening Post, Volume CVIII, Issue 120, 16 November 1929, Page 9
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