BISHOP'S HEAVY LOSS.
SEQUEL TO BANK FAILURE. DEPOSIT AFTER DOORS CLOSED. TORONTO, Dec. 24. The Home Bank of Canada closed its doors at noon on August 17, 1923, announcing that it was bankrupt. Ten minutes later, in another city 100 mUes distant, Bishop Fallon, of the Roman Catholic Church, deposited a cheque for £6OOO, not knowing that the bank had already failed. The Bishop already owed the bank £4OOO. He asked the Court that, in tho circumstances, it should set off his deposit against his indebtedness. The Court decided that he must lose his £6OOO and pay his debt as well.
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Bibliographic details
New Zealand Herald, Volume LXIII, Issue 19217, 5 January 1926, Page 9
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101BISHOP'S HEAVY LOSS. New Zealand Herald, Volume LXIII, Issue 19217, 5 January 1926, Page 9
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