FORGER’S DUPE
— T~ BANK SUED FO£ £60,000 'Australian and N.Z Cable Association.)
LONDON, January 14.
The executors of the late John Wilson, M.P., Edinburgh,. are suing the Bank of England at the Edinburgh Court Session, claiming £60,000. The action involves an important issue relating to liability for legality of share transfers.. The action is based on the fact that, the bank accepted transfers of stocks and bonds the property of Wilson, which had been forged by Devid Anderson. The Bank pleads to have shown all reasonable care, while Wilson’s acceptance of the Diminished yield from the shares ratified the transfers. Evidence was given that Wilson, owing to failing eyesight in 1920, employed Anderson, then a student, to read to him his letters. Anderson is now undergoing,'seven years’ penal servitude for forgeries which were only discovered after Wilson’s death in 1922.
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Bibliographic details
Greymouth Evening Star, 15 January 1925, Page 5
Word Count
140FORGER’S DUPE Greymouth Evening Star, 15 January 1925, Page 5
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