THE WAY THE MONEY WENT.

Hawera & Normanby Star, Volume XLII, Issue 7372, 25 January 1902, Page 4 (Supplement)

THE WAY THE MONEY WENT.

Mr Germain, sub-manager of the Credit Lyonnaise. Cockspur-street, next gave evidence to the effect that towards the end of the year 1899 his bank opened an account with Lawrence Marks. On October 21 last Marks paid into his credit a cheque for £5000 purporting to be drawn on the Bank of Liverpool by "R. W.Hudson," which was duly honoured. On October 24 Burge camp to the bank accompanied by Marks, and presented a cheque for £4500 drawn by Marks and endorsed "RichaTd . Burge." Marks introduced Burge, who said he would take £3450 in notes, £50 in gold, and place £1000 to his credit. On October 28 Marks brought two other cheques' for £7000 and £9000, purporting to be drawn on the Bank of Liverpool by "R- W. Hudson," and £16,000 was placed to his credit. On October 31 Marks came again and introduced James Mances, a commission agent, wno was anxious to open an account, and paid in £1500 in notes and one sovereign. On November 1 a cheque was brought for £13,000, drawn by Marks in favour of Burge. Marks accompanied his friend.Burge took £7000 in cash and placed £6000 to his credit. On the same day the same notes issued to Burge were paid in to the credit of James Mances. On November 4 Marks brought another cheque for £30,000 on the Bank of Liverpool drawn by "R. W. Hudson," which was paid and credited in the usual course. On November 6 Burge brought a cheque for £15,000 drawn by Marks in favour of Burge, whose account was credited with that amount. The same day Burge drew a cheque on his own account for £5000. Laterin the day Mances presented a cheque for £10,000 drawn by Marks, which he paid in to his own account. On November 13 Burge drew a cheque for £10,000 payable to his •wife, which was paid to the London and South-Western Bank, North Brlxton branch. On November 11 Marks paid in a cheque for £31,000 on the Bank of Liverpool signed "R. W. Hudson." On November 15 Marks drew a cheque for £15,000 in favour of Burge, and that was paid in by Burge the same day. Later the same day Marks drew two cheques for £830 and £10,000 payable to Mances. On November 16 Burge drew a cheque for £3500. The same day Burge drew a cheque for £500 in favour of Wm. Good. He also arranged for the withdrawal of £10,000 to be placed on deposit at 16 days' call. The same day he drew a cheque for Haggerty for £100 and one for Bella Burge for £1000. On November 22 they were served with an injunction, and then there was standing to Burge' s credit £3589 15/3 in addition to the £10,000 on deposit. There was standing to the credit of Marks £1901 JO/2 in addition to .£9OOO on deposit. Mances had £1987 14/ standing to his credit and £14,000 on deposit, and over £18,000 proceeds of the sale of consols purchased on the order of Mances, but. resold as a result of the injunction. Altogether Marks received from the Bank of Liverpool the sum of £82,000, distributed: To Burge £47,500, Mances £20,000, leaving a balance of about £15,000 for Marks himself. Stephen Maton, manager of the North Brixton branch of the London and South-Western Bank, said on October 31 an account was opened at his bank by Mrs Bella Burge by the payment of £3700 in notes. There was a further credit on November 2of £300. On November 12 she paid in £1000. On November 13 she presented a cheque signed by Richard Burge for £10,000, and on November 20 a cheque for £1000. In all she paid in £16,000, and on November 20 £15,000 was taken from the current account and piaced on deposit at 25 per cent, for three months. The credit balance now was £813 7/11, in addition to the deposit of £15,000.

From these figures it will be seen thai If the Bank of Liverpool can make goor" its claim to the bank balances of tht parties mentioned as part of the proceedof the alleged Goudie forgeries the share holders ■will get back £74,000, irrespectiv of what may be gleaned back from Kel ly, who appears to have dealt with Hud son cheques to the tune of £78,000. .-