DEFICIENCY IN FUNDS
AUCKLAND TRADES COUNCIL FALSIFIED BALANCE SHEETS ALLEGED PA. AUCKLAND, May 21. An investigating accountant disclosed to the Auckland Trades Council meeting last night a deficiency of £41)0 in the general account. A further £I6UU is not satisfactorily accounted for, following the disappearance on April 23. of the council’s former secretary, W.’ Ashton, who was a member of the National Executive of the New Zealand Communist Party. The investigation is not yet completed. Ashton’s motor car was found abandoned on Piha Beach and no tiace of him. was subsequently found. A report issued after a meeting by a committee stated that the investigating public accountant said that the annual balance sheets for the last two years had been falsified. Although a type-written appendix purporting to be an auditor’s certificate had been added to the balance sheets presented at the annual meetings of the council, the books had not been audited. When the books should have been audited in 1947 Ashton notified the council’s auditor that his services had been dispensed with and another auditor appointed. The last balance sheet of the council showed a credit bank balance of over £3OO but there was, in fact, an overdraft of £IOO. The council has decided to adjust its expenditure to meet the situation.
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Bibliographic details
Otago Daily Times, Issue 26778, 22 May 1948, Page 6
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213DEFICIENCY IN FUNDS Otago Daily Times, Issue 26778, 22 May 1948, Page 6
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