THE SEVAN CASE
A £15,000 INVESTMENT. Association—By Telegraph—Copyright LONDON, October 12. During the hearing of the charges at the Guildhall against Gerard Lee Bevan, Mr John P. Randall Parsons gave evidence that, holding a power of attorney for his brother, Colonel William Frederick Parsons, who was absent in Australia, and for whom he had £15,000 to invest, he inquired into the prospects of the City Equitable and its associated company. He saw Bevan, who assured him that the prospects were good, even though the immediate yield from the shares at the market price was below the yield from Government stock. Witness decided to buy the company’s shares. Before he saw Bevan he bought 200 preference shares for £617 for his brother and 100 for his wife for £302 10s.—A. and N.Z. Cable.
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Otago Daily Times, Issue 18686, 16 October 1922, Page 6
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132THE SEVAN CASE Otago Daily Times, Issue 18686, 16 October 1922, Page 6
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