DEFICIENCY ABOUT £50,000
SYDNEY LAWYER'S SUICIDE
ESTATE IN COMPLETE CHAOS
NO RECORD OF TRUST MONEY
LAWS OF STATE INDICTED
By Telegraph—Press Assn. —Copyright
Rec. 7.40 pun. Sydney, Aug. 17. Mr. Claude Roach, trustee in bankruptcy, presenting a report to a meeting of creditors in the estate of the late Arthur Davies, solicitor, who committed suicide recently, disclosed a deficiency of approximately £50,000. Davies’ affairs were in an impossible state. No books were kept—not even a trust cash book or ledger. The only records of bankrupt’s transactions were cheque butts. Mr. Roach described this bankruptcy as one of the worst of its kind, and a perfect example of what the law of the State allowed. It did not even require a person handling trust funds to keep proper books.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TDN19330818.2.104
Bibliographic details
Taranaki Daily News, 18 August 1933, Page 7
Word Count
128DEFICIENCY ABOUT £50,000 Taranaki Daily News, 18 August 1933, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in