LLOYDS’ BANK
LOSSES BY HATRY. (United Press Association—By Electric Telegraph.—Copyright.) LONDON, Jan. 31. At a meeting of Lloyd’s Bank, Lord Beaumont said he was pleased to be presiding. He referred to the fantastical figures banded about concerning the losses of the bank, incurred in the Haitry affair. “Let me put an end to these weird stories. We have not a s ngle penny invested in any company of the Hatry group. We made advances to them almost entirely against what we believed were trustee .securities or tmod stock exchange securities. We" should suffer little loss but for the fact that many Municipal securities are now challenged, as having been fraudulently issued. Difficult questions concerning this will have to be settled ,in the law courts. Until then it is impossible to. say, the amount of our loss.” ( ,
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Hokitika Guardian, 3 February 1930, Page 3
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136LLOYDS’ BANK Hokitika Guardian, 3 February 1930, Page 3
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