NAVAL FRAUDS.

Hastings Standard, Volume XIII, Issue 4304, 5 November 1909, Page 8

NAVAL FRAUDS.

. OFFICIALS 'PLEAD NOT - GUILTY. fjt* London, November 4. e Kiel navy yard officials charged with fraud denied that they were guilty. One of the Hamburg merchants implicated admitted huge profits were made at the expense of the imperial navy yard, owing to the confusion, mismanagement and official ignorance of values and prices. "Thus bronze and brass were thrown together and sold at a common jirice. Dealers chose the best, leaving the rest to be auctioned, fixing the upset price and not bidding dlgainst eoch other-