AUSTRALIAN BANKRUPTCY
DEFICIENCY APPROXIMATELY £50,000 “AFFAIRS IN TERRIBLE STATE" SYDNEY, August 17. Mr Claude Roach, trustee in bankruptcy, in presenting a report to a meeting of creditors in the estate ot the late Arthur Davies, a solicitor, who committed suicide recently, disclosed a deficiency of approximately £50,000. Davies’ affairs were in a terrible state. No books were kept—not even a trust cash book or ledger. The only record ot bankrupt’s transactions were cheque butts. Mr Roach described this bankrirptcy as "one of the worst of its kind. It is • perlect example of what the law her' allows. It does not even require that a person handling trust funds shall keep proper books. ’’
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Bibliographic details
Hawke's Bay Tribune, Volume XXIII, Issue 210, 18 August 1933, Page 7
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112AUSTRALIAN BANKRUPTCY Hawke's Bay Tribune, Volume XXIII, Issue 210, 18 August 1933, Page 7
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