SALE OF A COTTON MILL
HEAVY DAMAGES FOR MISREPRESENTATIONS.
London, February 21. George Marple, of Sheffield, was awarded -£12,500 owing to fraudulent representations by E. T. Hooley in connection with the sale of the Jubilee Cotton Mill during the recent boom. Mr. Justice Russell, in a scathing judgment, described Hooley and his associates as financial pickpockets of the worst kind, and ordered the documents to be impounded to enable the authorities to determine whether it was possible to punish them. . The evidence showed that Hcolev and his co-directors arranged a fictitious dividend of 33 per cent., to be paid out of capital, in order to foist Jubilee shares upon an unsuspecting public.—Aus.-N.Z. Cable Assn.
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Dominion, Volume 14, Issue 132, 28 February 1921, Page 5
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114SALE OF A COTTON MILL Dominion, Volume 14, Issue 132, 28 February 1921, Page 5
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