MOTOR-CAR SWINDLE
FINANCE AGENTS DEFRAUDED
OVER £4.000 INVOLVED Prets Association DUNEDIN. To-da> On charges of false pretence* and forgery involving a sum of £4.000 Francis Bernard Francis was sentenced in the Supreme Court to-day by Mr Justice Smith to three years* reformative detention. Prisoner had embarked in a motor business without capital, mortgaging cars to different finance agents. The judge said that the finance companies defrauded existed for the convenience of those requiring advances on cars, by the issue of hirepurchase agreements. These were not registerable and consequently there was a clear opening for dishonest people to represent a truck as free when it already hud been given as security Xo another company. Unless these companies adopted a s> stem ot inter-company checking, fraud was possible.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19290504.2.115
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Sun (Auckland), Volume III, Issue 654, 4 May 1929, Page 9
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126MOTOR-CAR SWINDLE Sun (Auckland), Volume III, Issue 654, 4 May 1929, Page 9
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