NEW HATRY CHARGES
MILLIONS FOR WASTE PAPER.
<By Cable—Press Assn. —Copyright.)
(Received December 11, Noon.) LONDON, December 10.
Arising out of the new Hatry charges, counsel alleged that Iron Industries Ltd, was a dummy company, created to provide securities on which money was borrowed, defendants pledging £2,190,000 Iron Industry shares against loans totalling £2,075,00.0, although the shares were so much waste paper. Walter Morgan gave. evidence that Hatry invited him to be a temporary director only. He attended the first meeting. Ben Dawson said that the first intimation that he received he was chairman of the company was an announcement in a newspaper. The accused were remanded.
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Greymouth Evening Star, 11 December 1929, Page 7
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107NEW HATRY CHARGES Greymouth Evening Star, 11 December 1929, Page 7
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