COMPANY FRAUDS IN LONDON.
SOME CURIOUS REVELATIONS, rt LONDON, July 27. Mr| Barnes, the Official Receiver, haa made startling revelations in connection with th- London and Globe Finance Corporation handing shares to the British. American Corporation with a yew to covering its indebtedness prior to pnbli. ca< ton pf the balance sheet in D. cember last, instancing the transfer of 2<>o,(>oO Weslleroi Mining Company's shires at par ex-dividend. TbeWestleroi had fire at developed claims, costing 38, (XX) dollars representing issues of capital fo the extent of £437,<XX) (> dollars); secondly that the London G I >be Corporation laid the British Ame^ca Co poration £200,000 (i doll.rs) by gi vine a half interest in five claims which 0.91 35 dollars. Mr Barnes on being .nvited, liquidated the London and Globe Corpora ion in conjunction "jifch a Comiw.tee of Inspection. The Westleroi is an American Company reeietored .n 1898 to purchase Jtvom the British American Corporation Iwelve claims m 'he Kootenay district, British Co. lambia.
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Bibliographic details
Nelson Evening Mail, Volume XXXV, Issue 170, 29 July 1901, Page 2
Word Count
162COMPANY FRAUDS IN LONDON. Nelson Evening Mail, Volume XXXV, Issue 170, 29 July 1901, Page 2
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