Taylor's Bankruptcy.
(Per Press Association.) Wellington, August 12. At a sitting of the Bankruptcy Court today, W. Waring Taylor presented himself for public examination. Several solicitors were present, representing certain creditors. Mr. Shaw appeared for the bankrupt, and took exception to the report being published before the sitting of the Court. He applied for an adjournment to enable his client to bring rebutting evidence. William Waring Taylor, the bankrupt, was sworn, and examined by Mr. Stewart, of Dunedin, whose questions had reference to the bankrupt’s dealings with Mr. May’s estate, and were directed with a view of proving a fraudulent breach of trust.
The bankrupt said he had no doubt he had received the letter (produced), dated 10th June 1881, from Mr. James May deceased, in which he was authorised to draw a certain dividend from the Bank of New Zealand on Mr. May’s behalf, and invest money in firstclass security. If that money was received it would be placed to Mr. May’s credit. There was no entry of that kind in the cashbook. He had never made any distinction between trust funds and ordinary accounts in his books. He never invested a dividend from the Dank of New Zealand. With regard to certain entries relating to investments, he admitted that the investment referred to had either lapsed or had not been completed. He admitted that various entries relating to mortgages were fictitious, and said there was no necessity to go into details. Mr. Edwards interrogated the bankrupt with regard to his transactions with Mrs. Moorhouse. The bankrupt admitted that several mortgages referred to in connection with those transactions were to some extent fictitious.
Mr. Stewart afterwards continued his examination of the debtor with reference to Mr. May’s estate, particularly with regard to the sale of some Bank of New Zealand shares, left to various legatees by the late Mr. May. The further public examination was subsequently adjourned for three weeks.
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https://paperspast.natlib.govt.nz/newspapers/PBS18840812.2.17
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Poverty Bay Standard, Volume I, Issue 207, 12 August 1884, Page 2
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321Taylor's Bankruptcy. Poverty Bay Standard, Volume I, Issue 207, 12 August 1884, Page 2
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