FINANCIER CONVERT

Sun (Auckland), Volume I, Issue 201, 14 November 1927, Page 8

FINANCIER CONVERT

CHURCH RECEIVES HOOLEY ST. PAUL’S GIFT RECALLED Py Cable. —Press Association. — Copyright. LONDON, Friday. The once well-known financier, Mr. Ernest Terah Hooley, has been received into the Roman Catholic Church. It is recalled that at the height of his success he presented to St. Paul’s Cathedral a service of communion plate in solid gold, valued at £3,000, which was handed to his creditors when Hooley became bankrupt.—A. and N.Z. Mr. Ernest Terah Hooley was a promoter of companies iu connection with dealings in land, gold mines and copper mines, and other speculations. He was interested with Mr. Horatio Bottomtey in various transactions. In February, 1912 he was convicted of obtaining by false pretences six cheques for sums amounting to over £2,000 from a young man In connection with one of these deals, and was sentenced to imprisonment for 13 months. He was later made bankrupt, and his affairs showed liabilities amounting to £252.173 gross, and assets • nil. There was one judgment alone for £56,000 against him. In April, 1924, Hooley, with various other men, was tried oil charges of conspiracy to defraud, in connection with the dotation of a company called the Jubilee Cotton Mills, Limited. The trial lasted for 22 days at the Central Criminal Court. Hooley was convicted and sentenced io three veals' penal servitude. Ho was released from Farkhurst Prison in July, 1924.