SOLICITOR’S AFFAIRS TO BE INVESTIGATED.
Per Press Association. AUCKLAND, December 4. At a meeting of creditors of Hector Robert Malcolm, solicitor, a committee was formed to go into affairs. The Official Assignee said that trade debts were £427 and the deficiency in the trust funds £7171. These figures, however, were not complete. People had gone to him alleging defalcations, but had not returned to make further statements. It appeared that all that was left in the trust account was £l3. The books, apparently, had hardly been kept at all since last March, and it was very hard to determine just what the book debts were. The only asset from which he expected to get any considerable sum was an interest in a coal company in Taranaki, in which Malcolm held shares.
The Assignee said he would call another meeting when the adjudication of Malcolm as a bankrupt went through. At present he was merely receiver. He understood a creditor had issued a warrant for Malcolm’s arrest and that he had gone to Australia.
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Bibliographic details
Star (Christchurch), Issue 18629, 5 December 1928, Page 5
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173SOLICITOR’S AFFAIRS TO BE INVESTIGATED. Star (Christchurch), Issue 18629, 5 December 1928, Page 5
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