A FALSE PROSPECTUS
LONDON, December 20. A. W. Carpenter, of the Charing Cross Bank, who was committed for trial on a charge of obtaining £SOO by means of a' false prospectus two days before his .bankruptcy, has been sentenced to two years' imprisonment in the second division. The failure of the Charing Cross Bank some months ago caused quite a sensation at the time. Carpenter, the proprietor of the bank, started business in 1870, with a capital of £BOO. A partner with £ISOO joined him, but withdrew, losing all his money. Carpenter then styled the business "The Charing Cross Bank." He lost heavily in petroleum investments in Quebeo and in railway and other ventures. The deficit in the estate was, approximately, £1,699,000.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/OW19111227.2.100
Bibliographic details
Otago Witness, Issue 3015, 27 December 1911, Page 25
Word Count
122A FALSE PROSPECTUS Otago Witness, Issue 3015, 27 December 1911, Page 25
Using This Item
Allied Press Ltd is the copyright owner for the Otago Witness. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in