Thank you for correcting the text in this article. Your corrections improve Papers Past searches for everyone. See the latest corrections.

This article contains searchable text which was automatically generated and may contain errors. Join the community and correct any errors you spot to help us improve Papers Past.

Article image
Article image
Article image
Article image

BANK NOTE CASE

BANK OF PORTUGAL WINS. AWARDED HALF A MILLION. [United Press Association.—By Electric '1 eleg rapii.—Co pyrighb.j (Received this ua> at> 10.30 a.m.) LONDON, December 28. Awarding the Bank of Portugal £531,851 sterling with costs, Justice Wright emphasised the M araugs dramatic, elaborate fraud was unparalleled in the history of commercial life. His handsomeness, possessing manners and credentials thoroughly impressed Sir William Waterlovy. Maranga’s cxtraoivingenuity and resource was shown in the interception of letters to the Bank, enabling the production of a reply practically forbidding a direct communication to the Government, and almost handing over the Bank, body and soul, to Marang, thereby indicating the Bank’s confidence. Justice Wright accepted the fact that Sir William wrote regarding the receipt of authorisation, but the letter was not received by the Bank, otherwise it would have prevented the ■proceedings. It was no reflection on the great company that they liad been victims of an ingenious trap, but the Directors fell short of the standard of care which Bank note printing required, If 'the Bank’s plates were Used without authority, the printers, must bear the consequences. He point, ed out that the Bank realised nearly half a million from the assets of the conspirators. The case lasted twenty-one days and cost fifty thousand, of which twenty thousand comprised counsels fees.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/HOG19301223.2.31

Bibliographic details
Ngā taipitopito pukapuka

Hokitika Guardian, 23 December 1930, Page 5

Word count
Tapeke kupu
219

BANK NOTE CASE Hokitika Guardian, 23 December 1930, Page 5

BANK NOTE CASE Hokitika Guardian, 23 December 1930, Page 5

Help

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert