UNIVERSITY REGISTRAR'S EMBEZZLEMENTS

Otago Daily Times, Issue 16663, 7 April 1916, Page 96

UNIVERSITY REGISTRAR'S EMBEZZLEMENTS

SUIT UNDER FIDELITY POLICY. QUESTION OF EXTENT OF LIABILITY. (Peh United Peess Association.) WELLINGTON, April 5. The Appeal Court 6at this afternoon to hear argument in a special case, the University of New Zealand v. the Standard Insuranoe Company. The question under consideration is the company's liability under a fidelity policy guaranteeing' the fidelity of the registrar of the university (Barclay Hector) up to £1000. The policy limits the liability to losses incurred by reason of want of honesty of the employee wi£hin a period of 32 month? previous to the date of any notioo of claim that may be made under it, and the question is what amount of the total sums embezzled and appropriated to his own ■ use by Hector is covered by tho policy. Mr Skerrett, K.C., and Mr J. L. Stout appear for the university, and Mr Treadwell for tho insuranoe company. Decision was reserved.