FINANCIAL SCANDALS IN AUSTRALIA.
An Ex-Minister Arrested, An Enormous Deficiency,. [United Press Association.] Sydney, July 15. 1 Mr Abigail, ox-Minialor of Mines in the Parkoa Ministry' ol 188?, Ima been arrested in conno:tion -villi tbo alleged falsification of accounts of the Australian Banking Company. A deficiency of between £ 0,000 Bid £30,000 was discownd y stt-r----day in the ncoounta of the Australian Banking Company. . The liquidator* of tlio A iistr.ilian Mercantile Guarantee Company report that a Ms'em of gross manipulation of accounts waa carried on fioin tlie initiation of the institution. The first balance sheet proved that the company was hopelessly insolvent. The aggregate balance sheets 1 ot the three years alleged that there was a profit of £16,700, wlwn in i unlit}' there vv<ia a loss of £179,000. It is oxpectcd that the dividend will not amount to more than la 41 in the. £. The liquidators say that tlio dealings of some of the direotors and promoters of the company with the funds of the institution wrro hoartless and
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WDT18920718.2.10
Bibliographic details
Ngā taipitopito pukapuka
Wairarapa Daily Times, Volume XIII, Issue 4168, 18 July 1892, Page 3
Word count
Tapeke kupu
169FINANCIAL SCANDALS IN AUSTRALIA. Wairarapa Daily Times, Volume XIII, Issue 4168, 18 July 1892, Page 3
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in