CHARGE OF FRAUD
ON POST OFFICE SAVINGS BANK. .
JUDGE COMMENTS ON SYSTEM.
[Per Press Association.] WELLINGTON, Last Night. In the Supreme Court, trial of Baune and Smith, charged with fraud on a Post Office Savings Bank, postal bank oliicers gave evidence Ithat nt first cheques on the Bank of New Zealand, Invercargill, deposited la* the savings j banks were drawn against before the cheques were cleared. It is alleged; the money was divided between the pair. One postal official said .nothing was .wrong with their system, but the human element entered into it His Honour said when two nfen could draw such sums from the bank/ after merely depositing a piece of paper, something was wrong with the system. H e questioned if, in any other banking institution in the Dominion. \ a man could have done what had' been done. The case is unfinished.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MT19260205.2.28
Bibliographic details
Manawatu Times, Volume XLIX, Issue 3263, 5 February 1926, Page 6
Word Count
144CHARGE OF FRAUD Manawatu Times, Volume XLIX, Issue 3263, 5 February 1926, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Manawatu Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.