HATRY CRASH
DEFICIT OF SIX MILLIONS.
(United Press Association—By Electric Teleg. uph—Copyright).
LONDON, Sept. 23
The “Daily Express” features the announcement of a financial expert that the Hatry crash will prove smaller than was expected. The Hatry deficit will 'be approximately six millions. The total sum involved is in the neighbourhood 'of fifteen millions, the assets are estimated at nine millions.
It says the excited prophesies of unprecedented disaster will not be borne but by* facts. It is understood tha t the firm of brokers, Morton Bros., took up a considerable part of the unsubscribed balance of the Melbourne Board of Works loan. Australian interest in the effect of the Hatry Crisis on the parent trust finance Company lies in the fact that in 1896 it was the Dunlop Tyre Coy, with Australian and New Zealand affiliation, <
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Hokitika Guardian, 24 September 1929, Page 5
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137HATRY CRASH Hokitika Guardian, 24 September 1929, Page 5
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