FALSE PRETENCES CHARGE

Northern Advocate, 8 November 1934, Page 7

FALSE PRETENCES CHARGE

DEFENCE RESERVED.

[Per Press Association.—Copyright.] WELLINGTON, This Day.

The obtaining by falsd pretences of sums of money from a co-director, of the Organising i Brokers of :^ew ; Zealand, L{d., was alleged against Reginald Howan, aged 37, laboured, in the Police Court yesterday. He . was charged with causing Edward Nicol Sutherland to pay to Organising Brokers £371 1/ and £lB9 4/8 by false pretences, and with stealing from the company money amounting to £641 5/10.

The allegations were that after the formation of the company it was decided that it should extend its activr ities to include sharebrokihg. Sutherland nothing of sharebroking, and accused represented that it was necessary to have funds immediately available to buy shares to be resold at a profit. The company having no funds, Sutherland made advances, and it was alleged that accused converted part of the advances to his own use.

It was stated that in ten Sutherland advanced £1427 19/7, most of which was repaid, the exceptions being the amount which was the subject of the false pretences charge. It was alleged that in the course of his activities, accused, in depositing money to the credit of the company, forged the names of two persons to deposit slips to bolster up his stories to Sutherland.

Accused reserved his defence and the case was formally stood down until this morning for the signing of certain depositions. The magistrate, Mr E. Page, indicated that he would then make the necessary committal for trial.