LAWYERS AS TRUSTEES.
The disclosures recently made in regard to the misiMfe of trust moneys by unscrupulous solicitors, lias induced Mr Clark, iM.P., to ask if the Government will bring down legislation to provide for tho periodical auditing of trust accounts. There can be very little .doubt that something should be done to protect the public againsrt'exploitation. It is questionable, however, whether the auditing of accounts would afford a sufficient protection. It might, as tlio Wanganui Herald suggests, offer greater security to the public if that portion of the legal fraternity which accepts money in trust were to provide a guarantee fund. 'Hie great majority of our practising solicitors are, fortunately, men of high moral standing in whom implicit confidence can be reposed. .There are black sheep in this, as in all other families, and it is against these that the confiding investor must be protected.
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Wairarapa Age, Volume XXV, Issue 10713, 8 October 1913, Page 4
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146LAWYERS AS TRUSTEES. Wairarapa Age, Volume XXV, Issue 10713, 8 October 1913, Page 4
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