E. T. HOOLEY.

Dominion, Volume 6, Issue 1613, 3 December 1912, Page 5

E. T. HOOLEY.

;—»- . ■ RELEASED FROM GA'OL. By Telegraph—Preee Association-Copyright (Rec. December 2, 0.30 p.m.) London, December 2. Ernest Terah Hooley, ' the ouo-time famous company promoter, who in February last was sentenced to a year's imprisonment for obtaining £2000 by false pretences over a property transaction, has been released from gaol. Mr. Hooley spent a few weeks in Raol last year for contempt of Court in refusing ! to supply the trustee in bankruptcy with details of his business transactions. His liabilities in hie bankruptcy wero about ,£200,000, and his only assets a 'parcel of shares hold by creditors against a loan.of .£BOO. In February he was tried and sentenced for fraud in connection with the sale of Risley Hall to Mi\ Tweedale, a young man who had inherited a fortune of ,£45,000 when he came of age, and who was then twenty-three. Mr. Tweedale ceme into possession of that fortune in August of last.year; .£15,000 was in freehold property, and the remaining <£SO,OOO was in investments readily convertible into cash. In October of last year Mr. Tweedale was introduced to Mr. Hooley. Thereafter they entered into a number 'of transactions, with' the result that by November Mr. Twoedalo had parted with all the easily convertible portions of his fortune (,£30,000) and made himself liable for something more.