REAL THIS TIME
BA NKNOTES FOR PORT 00 A L
LONDON, Aug. 13.
The Government of Portugal have placed a contract with Messrs. Waterlow, of Great Winchester street, E.C., to print large quantities of banknotes.
The. order recalls one of the biggest banknote frauds of the last century, which cost Mears. Waterlow £700,000. In 1925 .Messrs. Waterlow received a request from, they thought, the Hank of Portugal, to print more than SCOXOO bank-notes from the same blocks from which they had previously printed Portuguese paper money. Notes to the English value of £1,092,231 were supplied to people who described themselves as agents of the Rank of Portugal. They founded a bank at Lisbon under the name of the Banco de Angola e Metropolo to dispose of the notes among the Portuguese people. About 200,000 of the notes had been put into circulation when the swindle was discovered.
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Bibliographic details
Poverty Bay Herald, Volume LXIII, Issue 19127, 23 September 1936, Page 15
Word Count
147REAL THIS TIME Poverty Bay Herald, Volume LXIII, Issue 19127, 23 September 1936, Page 15
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