THE A. S. BISS ESTATE.
RUMORS OF STARTLING DEVELOPMENTS. Rumor has been current in the city during the past few weeks as to the financial troubles left behind him by the late Mr. A. S. Biss (sayti yesterday's New Zealand Times). Tt is now generally known that the defalcations in his accounts amount to anything from £20,000 to £'25,000. The 'deficit is made up principally of misapplied trust moneys. A private meeting of deceased's creditors was held last week, and it is believed a further meeting is to be held, but it is unlikely that the matter will come before the Bankruptcy Court. It is believed that the biggest sufferer is a local lady, a relative by marriage of deceased's. She suffers to the extent of about £12,000 or £13,000. The remainder of the money is made up mostly of trust moneys of various companies. Several local professional men suffer heavily as a result of the defalcations. On the moriling of the day Mr. Biss died proceedings were to be instituted for an investigation of accounts in connection with his estate.
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Taranaki Daily News, 25 January 1918, Page 4
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181THE A. S. BISS ESTATE. Taranaki Daily News, 25 January 1918, Page 4
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