GIFT OF SHARES.
AN TIN LUCK I LEGACY. LONDON, August 25. How a gift of shares became a crushing financial burden that landed the holder in the Bankruptcy Court was revealed in the case or Miss Florence May Clifford. She stated that in 1918 her fate father gave her 17,000 £1 shares in the Consolidated Assurance Company, Limited, on winch 2s a share had been paid up. The company went into liquidation in 192 G, and the liquidator obtained judgment on her unpaid calls, which with interest, amounted to £16,781. This had made her bankrupt. An income of £SOO a year from her father’s estate had vanished owing to the depreciation of the investments. The £16,781, however, was the only liability.
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Bibliographic details
Gisborne Times, Volume LXVIII, Issue 10712, 9 October 1928, Page 3
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121GIFT OF SHARES. Gisborne Times, Volume LXVIII, Issue 10712, 9 October 1928, Page 3
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