EXPLORATION COMPANY SWINDLE.
[per press association.] Wellington, April 25. Argument for the plaintiff Company concluded this afternoon in the case of the General Exploration Company, Limited v Purser, and Sir R Stout was addressing the Court on behalf of defendant when the Court rose for the day. 1 The main defence put forward is that Pielsticker, as attorney for the plaintiff Company, represented to defendant that in the interests of the Company and for flotation purposes it was necessary that the properties purchased by the Company should have large face values and appear to be purchased by the Company for large sums, and defendant believed that the large amounts refunded by him to Pielsticker and Dencker were retransmitted to the Company, and the Company were aware that the amount retained by defendant exceeded the values of the properties purchased. It was alleged therefore that there was no fraud against the Company.
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Bibliographic details
Grey River Argus, Volume 57, Issue 10268, 26 April 1899, Page 4
Word Count
151EXPLORATION COMPANY SWINDLE. Grey River Argus, Volume 57, Issue 10268, 26 April 1899, Page 4
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