SHOCKING FRAUD

Hokitika Guardian, 30 September 1929, Page 5

SHOCKING FRAUD

HATRY AND CO. £400,000 FABRICATED IN WORTHLESS SCRIP. , CHARGE BY PUBLIC PROSECUTOR. United Press Association —By Electric Telegraph.—Copyright.) LONDON, Sept. 27. „• The four Hatry principals were remanded to October 4th, Mr Roome, representing the, Public Prosecutor, said that six months after the Wakefield loan, had been issued, defendants netted a shocking fraud. On July 15th, Daniels ordered Blades, East and Blades, who ' had printed the Wakefield loan script certificates, to print a further eighty Wakefield certificates for £SOO and deliver them to Dixon, not to Page, ohief clerk of the Issue Department of the Corporation and General Securities, Ltd., who had ordered the previous printing for the Wakefield loan. Defendants desired to conceal what they were doing from Page, thus certificates amounting to £400,C00 were fabricated. Defendants were hard pressed for ready money. These four gentlemen, directors of an issuing house of the City of London, stooped sq low as to issue worthless scrip. Russell was completely deceived. The printers had no reason for knowing these supplementary issues were in any way spurious, and accoidingly they printed and delivered them . to Page, w r hom Dixon told they would be exchanged for original scrip, whicn would be cancelled, if the exchange were not made. Page asked Daniels if % realised that they had issued more scrip than the amount of loans. Daniels said: “Technically we have; X am seeing to it.” Mr Roome continued; These spurious issues would be subject to furthercj,urges. There are men being ruined by the action of these defendants, whose uttering of spurious securities has rendered them liable to fourteen years’ penal servitude. The hearing was adjourned.