BEVAN’S DEFENCE
ACCUSED DEFENDS "WINDOW DRESSING." Press Association—By Telegraph—Copyright. LONDON, December 3. (Received December 4, at 9.30 a.m.) Bevan, cross-examined with reference to the alleged inflation of the City Equitable Company’s assets by tho inclusion of war bonds valued at £200,000, which the company did not hold, admitted that the transaction was “window dressing,”which was a well-known operation in the city and was designed to impress the insurance world. It was perfectly proper, because there had been an enormous accretion of assets. Most of the balance-sheets showed more cash at the date of issue than the company held during the major part of the year. This created confidence among small investors. —A. and N.Z. Cable.
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Bibliographic details
Evening Star, Issue 18141, 4 December 1922, Page 5
Word Count
115BEVAN’S DEFENCE Evening Star, Issue 18141, 4 December 1922, Page 5
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