ESTATE OF MR. A. S. BISS.

Taranaki Herald, Volume LXVI, Issue 16039, 25 January 1918, Page 6

ESTATE OF MR. A. S. BISS.

SOME STARTLING RUMOURS. Rumour has been current in Welling, ton during thS past few weeks as to the financial troubles left behind him by tho late Mr. A, S. Biss (says Thursday’s Now Zealand Times). It is now generally known that the defalcations in his accounts amount to anything from £20,000 to £25,000. The deficit is made up principally of misapplied trust moneys. A private meeting of deceased’s creditors was held last week, and it is believed a further meeting' is to be held, but it* is unlikely that the matter will come before the Bankruptcy Court. ' It is believed that tho biggest sufferer is a local lady, a relative by marriage of dccoased’s. She suffers to the extent of about £12,000 or £13,000. The remainder of the money is made np mostly of trust moneys of various companies. Several local professional men suffer heavily as the result of the defalcations. 1 On tho morning of the day Mr. Biss died proceedings were to be instituted for an investigation of accounts in connection with, his estate.