DIRECTOR’S EASY MONEY.
£135,500 BORROWED ON £2. London, Sept. 15. On an issued capital of £2, according to the Public Prosecutor at Marlborough Street Police Court. Joseph Aspinall, a director of the Crafnant and Devon Mining Syndicate, borrowed £133,500 on promissory notes, and promised shares, with which he bought a yacht and motorcars, rented a handsome furnished country house in Wales and a flat in London, and kept five servants. The actual charge was one of having fraudulently converted the syndicate’s money to his own use, including £l2 ns a weekly allowance for his wife, which was booked as mining wages. Asninall t it was alleged, register’d the
company with a nominal capital of .£lOO, to develop mines with a view to their sale to a new company. He obtained loans for the syndicate, promising the lenders fully-paid shores in the new company.
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Taranaki Daily News, 7 October 1921, Page 8
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143DIRECTOR’S EASY MONEY. Taranaki Daily News, 7 October 1921, Page 8
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