Hooley's Bankruptcy.

Manawatu Herald, 30 July 1898, Page 2

Hooley's Bankruptcy.

Mr Hooley, under examination, deposed that bis partner (Rucker) received £478,284 between September^ 1895, and December, 1896, thoud^l Up put only £300 cash inta JJ^H business. The gross profits o *^^^H Danlop tyre d^i were £I,7<M^HH His (Hooley'-) -lure was £3^|HH [t co>t £100,000 to obtain t J^^^^H DeL) W.irr reo.'ivfd £sJ^|^^^^H Laid A! I) mirl £12,OOO.'^^^^^H newpp-rs as long as hisc^^^^^H ceiveti in >u<-y for pres^ books^^^^f mention- d ihe mines (;f the '^|^H Mall Gazette " and "Financial Po^|H He pti.l ih.i "Financial Post '^S £1500 for t!i;; pviviirge of writing m one ariicio himself. He paid, ■ '.v-a'l-y, £10,000 for managing. M [1 denied that he had designed to ■ <U'j) fhe " Financial New?" friendly. J L .rd Dj Warr received £11,300 for pining the French Danlop Paeu»vi<Mc Company and persuading Lord A.!bsmarle to join. The Earl ,f Wmcheloua wa3 paid £10,000 for U'^comin^ chairman of the Cycle Tube ihtnufacturars' Company. Misny thousands were paid to Lord Djerhurat, Da La Warr and other 3 Baron Ashburton, Earl Warwick, Eirl Noibury and other titled personage* figuring in the prospectus In connection with Singer's Company Mr George Singer obtained £50,000 for acting as director, and Messrs Lawson and Johnson were paid £50,000 for selling •• Bovril " and becoming director. The statement caused a sensation.