BIG FLOUR SWINGLE.
DISCUSSED IN LONDON. Received October 25, 1.20 p.m. SYDNEY, Oct. 25. Advices from London states that a sensation pas been causer! in commercial circles by the discovery of a big flour swindle in Australia. It appears that a syndicate opened negotiations with a reputable Capetown firm for the disposal of a cargo of flour of fho valuo of £35,000, and the transaction was completed, cash against bills of lading, which were duly presented and the buyers drawn upon, u large proportion being negotiated in Australia. It was afterwards discovered that the cargo did not exist, and that the bills of lading were clover forgeries. As a sequel Bruce Bridekirk, described as'manager and proprietor of the General Agency and Trading Company, and Ferdinand Ileng, master mariner, have been arrested in Sydney and remanded on charges of conspiring to defraud the London branch of the Bank of Australia of largo sums by means of alleged false bills of lading, which represented shipped goods to South Africa through the Atlas Shipping Co., the latter company being,nonexistent.
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Bibliographic details
Manawatu Standard, Volume XLII, Issue 10116, 25 October 1917, Page 5
Word Count
176BIG FLOUR SWINGLE. Manawatu Standard, Volume XLII, Issue 10116, 25 October 1917, Page 5
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