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Grey River Argus, Volume III, Issue 141, 6 December 1866, Page 2

A Devaulteh.— The " Wellington Advertiser" of the 16th' instant, reports another confidential peculator. : — " Rumor hath ir. that a- strict investigation of the accounts of the N.Z.S.N. Company this Veek lias thrown light upon some rather peculiar transactions on the part of a gentleman holding a high position in t" 0 Company's office. It is needless to say that we allude to the .discovery of a system of fraud by one of the clerks who was conjidcred something more than trustwd^liy by his employers, and who, if rumor is correct, was specially imported frpm a neighbouring colony because of his varied qualifications, experience and practical knowledge of the working of steam companies, and the keeping of their accounts, with unmistakable accuracy. Alas ! for all confidence in things terrestrial ! The man did not libel the character so generously given him in anything save honesty, but in that particular requisite there appears to have been a flaw. At all events, rumor show 3 defalcations to the amount of something like L 250, but at the present moment it is impossible to estimate the amount taken by the individual' in question. We further learn that- the defaulter, who? left Wellington on Wednesday evening, by the s.s. Rangatiya for the^North, took with him some Ll6 which had been collected by his wife in aid of the building fund of a church recently erected in this city. We ; understand that the company have instructed their solicitor to take proceedings against their defaiilting accountant. ■■','■■ Stephen Parrel, late a clerk in the Customs at Mongonui, was brought to Auckland a few days ago, from Sydney, oh a charge- of having committed various acts of embezzlement. He was remanded-- to Mongonui,