BANKRUPT FIRM
USE OF CLIENT’S BONDS MELBOURNE, Oct. 2b. Further examined in the Bankruptcy Court to-day concerning Ward and Company’s affairs, Clarence Cuiwen admitted that on the day before the bank closed Ward’s account £7OO worth of bonds belonging to one oi the firm’s clients, who was not indebted, was deposited with a bank in support of the firm’s overdraft, ana that of £40,000 which Curwen had drawn from the firm of Ward and Company, much had been spent foolishly. Curwen also said that Alfred Kelt.., Ward, one of the partners, was unaware of the financial position of the firm until late in May this year, and he had nothing to do with the disposal of securities. The hearing was adjourned.
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https://paperspast.natlib.govt.nz/newspapers/WC19371028.2.64
Bibliographic details
Wanganui Chronicle, Volume 80, Issue 256, 28 October 1937, Page 7
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121BANKRUPT FIRM Wanganui Chronicle, Volume 80, Issue 256, 28 October 1937, Page 7
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