SERIOUS ALLEGATIONS
NEWBURGH BANKRUPTCY IN CHRISTCHURCH.
DETAILS TO BE REFERRED TO CROWN SOLICITOR.
(By Telegraph—Press Association.) CHRISTCHURCH. This Day.
When the adjourned bankruptcy proceedings in the estates of Thomas Newburgh and Sons, share brokers, of Christchurch, and of the late Thomas Newburgh, and his son, Eric Pryce Newburgh, were resumed this morning, the Official Assignee (Mr G. W. Brown) said he would have to refer the details to the Crown Solicitor to see whether in his opinion an offence had been committed. A report was read to the meeting from Mr W. H. Nicholls, an accountant who investigated the affairs of the estates, in which it was stated that the firm had been insolvent for many years, and went on to allege that the records had either been in a state of muddle for some time, or, as was more likely, the ability and knowledge of the partners had been used purposely 1 to obscure the records and deliberately manipulate transactions in order to conceal the true state of affairs.
More than fifty creditors were present at the meeting, which was adjourned sine die.
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Wairarapa Times-Age, 4 August 1938, Page 8
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184SERIOUS ALLEGATIONS Wairarapa Times-Age, 4 August 1938, Page 8
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