BANKING FIRMS CRASH
MILLIONS OF POUNDS INVOLVED LONDON HOUSE FAILS ir iiitt d P..t.— V’l Telegraph — Cor: i Retd. 10 am LONDON. Friday. The financial bouse of J. Hors - man. Limited, lias suspended payment. Tin house was established in the city in 1 802, as a banking and accep business. it is stated that the suspension dot =. not involve the public in ios- U falls only on members of the firm. Tito failure is due to frauds ou tit. part of certain correspondents and trustees on the Continent. It was first estimated that the losses would reach a total of between £300,000 am! £400.000; but a later report says that between £3.000,00" and £4,000.e"0 is involved. The capital of the lit in is held pri vately. it is stated that one lar--. shat, hoi itr on the Coniinei t committed suicide.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19291116.2.91
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Sun (Auckland), Volume III, Issue 822, 16 November 1929, Page 9
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141BANKING FIRMS CRASH Sun (Auckland), Volume III, Issue 822, 16 November 1929, Page 9
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