PAID LOAN WITH SHARES
COMPANY INSOLVENT Press Association. WELLINGTON, Thursday. Allegations of fraud entered into a case being heard at the Magistrate’s Court to-day. William Burgess claimed £95 from another city council employee, alleging that he lent the defendant, E. F. Willoughby, £75 on his personal covenant to repay, but later agreed to accept 75 shares in a company fully paid. He alleges that defendant knew that the company was insolvent when he received the money. Plaintiff alleges that he lost over the transaction Defendant’s evidence was a flat denial of the plaintiff’s story. He alleged that Burgess himself had suggested buying the shares when the defendant’s difficulties were explained to him. The hearing was adjourned.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19271118.2.182
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Sun (Auckland), Volume I, Issue 205, 18 November 1927, Page 16
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116PAID LOAN WITH SHARES Sun (Auckland), Volume I, Issue 205, 18 November 1927, Page 16
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