THE LATE A. S. BISS.
RUMOURS OF STARTLING DE-
VELOPMENTS.
Rumour has been current ju the city during the past few weeks us to the financial troubles left behind him by the lute Mr A. S. Biss. J( is now generally known that the defalcations in his accounts amount to anything from £20,000 to £25,000. The deficit is made up principally of misapplied trust moneys.
A private meeting of deceased's creditors was hold last week, ami it is believed a.further meeting is to he held, but it is unlikely that the matter will come before the Bankruptcy Court.
It is believed that the biggest sufferer is u local lady, a relative by marraige of deceased’s. She suffers to the extent of about £12,000 or £13,000. The remainder of the money is made up mostly of trust moneys of various companies. Several local professional men suffer heavily as a result of the defalcations.
On the morning of the day Mr Biss died, proceedings were to be instituted for an investigation of accounts in connection with his estate. —N. Z. Times.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/MH19180124.2.7
Bibliographic details
Ngā taipitopito pukapuka
Manawatu Herald, Volume XL, Issue 1780, 24 January 1918, Page 2
Word count
Tapeke kupu
179THE LATE A. S. BISS. Manawatu Herald, Volume XL, Issue 1780, 24 January 1918, Page 2
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Manawatu Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in