HEAVY DEFALCATION
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CONFESSIONS BY AMERICANS
United Press Association—By Electric Telegraph—Copyright. United Service.
(Received 10th August, 1.10 p.m.) VANCOUVER, 9th August, . St. Louis business circles have recently been jarred by two great defalcations. Insurance examiners received a written statement from the president of the International Life-insurance Company admitting a, shortage of £700,000, while the manager of the New York branch of the Bank of Italv confessed to losing £IOO,OOO in speculation.
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https://paperspast.natlib.govt.nz/newspapers/NEM19280810.2.72
Bibliographic details
Nelson Evening Mail, Volume LXI, 10 August 1928, Page 5
Word Count
71HEAVY DEFALCATION Nelson Evening Mail, Volume LXI, 10 August 1928, Page 5
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