FIDELITY FUND
NEW SOUTH WALES SOLICITORS. GOVERNMENT ACTION. (United Press Assn—Telegraph Copyright.) (Rec. 12.25 a.m.) Sydney, January 24. The State Government has introduced a Bill to protect clients against misappropriation by fraudulent solicitors, whereby every solicitor will be compelled to contribute to a fidelity fund until it reaches £109,000, to which victimized clients have access by the usual legal processes unless a court of law should dispense with that procedure. The Chief Justice will be empowered to appoint a Solicitors’ Statutory Committee which will be entitled to strike a solicitor off the roll and the Law Institute also will be empowered to conduct a surprise audit of any solicitor’s trust accounts.
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Bibliographic details
Southland Times, Issue 22489, 25 January 1935, Page 7
Word Count
111FIDELITY FUND Southland Times, Issue 22489, 25 January 1935, Page 7
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