FORTUNE WASTED

Hokitika Guardian, 21 October 1933, Page 6

FORTUNE WASTED

MRS EDOLS SQANDERINGS.

NOTHING LEFT FROM £35,003

SYDNEY, October 14. Another chapter was Avrittpu th-’s week in the amazing drama associated ivith the squanderings, of Mrs Aimee Edols, the Sydney society Avonian who has been in prison for nearly two years on account of her refusal to disclose details of her financial dealings lielore she became bankrupt. All's Edols has prepared one ,statement for tbe Court, lint it was not sufficient to, .secure her discharge. She will ■ lie before-the.. Judge jin Bankruptcy I again very soon, and the registrar will present a report covering bis investigations. In tbp meantime her husband, Ernest Augustus Edols, once a wealthy grazier and station mynpr, has been declared bankrupt, and on Tuesday, before a hushed Court, Air Edols explained ho\y his wife had, in a few years, “dissipated the whole of his for? tune of £35,009’.” With a considerable display of emotion Air Edols added: “To-day T haven’t got a penny.” It Avas admitted by Mr Edols that during the time his wife was a fygitive from just-'ce—she was hiding in Sydney and Melbourne for many months —he received an eimflope containing £340. Thqh aviis fnp.m Airs Edols and was part of £470 lie had received from her just before her arrest. He spent the Avholo of the amount, but he did not know that lie was doing wrong Ayheri lie accepted it. It avu.s because of this action that he avus made bankrupt by the official receiver. To-day lie "’as living on £2 a. weak which was sent to him by his sisters. Air Edols said that he advanced to his ivi 'e £20.000, and he was always under the impression that that sum had been invested on bis behalf. He explained that ivhen his father died he and liis brothers and sisters inherited a valuable station property, and he sold his interest in that property for £3S,QCO. The ivliole of that had been squandered by his Avife. When he retired and came to 1 ive in Sydney he had an annual income of between £2OOO and £3900 a year. Now he had nothing.

In 1931. said Air Edols, he gave his Avife £II,OOO to purchase shares. His ivife aftenvards sold the shares and left him Avitli nothing. When he asked his Avife Avliat had become of the shares she admitted that she had sold them and assured him that, she had acted for the best. He had a life insurance, policy for This he transferred to a Airs Vi vers, from Avhom his Avife had borrowed money. Airs Vice vs later sold the police. lie had said before, lie had nothing left. The examination Ava«s declared concluded.