MARCONI SCANDALS

Southland Times, Issue 17610, 26 March 1914, Page 5

MARCONI SCANDALS

1 « i ! I HOL.SK OK AX IXXOCLXT CHIKK WHIP. < ‘ 1 Bv Telegraph.—Press Assn.—Copyright. 1 1 LONDON, March 24. < Lord Murray gave evidence before the 1 Lords’ Commiltec. tie said that he had ] instructed I lie stockbroker Fenner to ( invest a certain amount of the Liberal party's funds in Home securities, leav- i ing him (Fenner) to select the classes < of stock. All the purchases were made j as investments. He, Lord Murray (who >■ was then Chief Liberal Whip), did not < possess any information on political matters which was not open to the general public through the press. Al- ( though the coal strike was on, he had ] no information from Ministers about it. He saw no impropriety in investing the ( party's funds in railway slocks. Kenner changed Ihc storks from one railway to t another in order to secure better r dividends. t FENNER STILL IX PARIS. * PARIS, March 24. -- Fenner is still awaiting extradition. a Charles Kdwin Fenner, the stock- j broker concerned in the Marconi trans- . actions, is still in custody in Paris. He 1 carried on business as a stockbroker at r , White Lion Court, Comhill. under the 1 style of H. L. He Montmorency and Co. n He was arrested early in February in * Paris, charged with tlie fraudulent con- 0 version of share certificates. A sum of nearly £15,000 is Involved, and the £ action taken trise;. out of bankruptcy i; proceedings in May. vhen Fenner was r; adjudged bankrupt on the ground that i. he had absconde.- no 'French police J Identified Fenner by photographs. The 1 name of Fenner was made known to the Sj public during the Marconi inquiry. On ” June 9 last Mr F. S. Salaman, the *j trustee of Fenner’s estate, said that he f bqlievod that Lord Murray of FTUbank s (the ex-Chicf Liberal Whip) was credited against the estate for about £30,000. t It was made clear in subsequent evidence * that American Marconi shares had been 4 bought as an investment for Liberal J party funds.