A BANKRUPTCY CASE.

Temuka Leader, Issue 1217, 14 August 1884, Page 3

A BANKRUPTCY CASE.

At the sitting of the Bankruptcy Court, Wellington, on Monday, W. Waring Taylor presented himself for public examination. William Waring Taylor was •worn, and examined by Mr Stewart, of Dunedin, whose questions had reference to dealings with May’s estate, and were directed with a view of proving a fraudulent breach of trust. The bankrupt said l he had no doubt he had received a letter [produced] dated June 16th, 1881, from Mr James May, deceased, in which he was authorised to draw certain dividends from th® Bank of New Zealand on Mr May’s behalf, and invest the money in first class security. If the money were received it would be put to Mr May’s credit. There was no entry of the kind in the cash book. He had never made any distinction between trust funds and ordinary accounts in his books. Ha never invested a dividend from the Bank of New Zealand, With regard to certain entries relating to investments, he admitted that the investments referred to had either lapsed or had not been completed. He admitted that various entries relating to mortgages were fictitious, and said there was no necessity to go into details. Mr Edwards interrogated the bankrupt with regard to transactions with Mrs Moorehouse. The bankrupt admitted that several mortgages referred to in connection with those transactions were,to some extent fictitious. JMr Stewart afterwards his examination of the debtor with reference to May’s estate, particularly with regard to the sale of Bank of New Zealand: shares left to various legatees by the late Mr May. Further public examination was subsequently adjourned for throe weeks.