This historic book may have numerous typos and missing text.
Purchasers can download a free scanned copy of the original book
(without typos) from the publisher. Not indexed. Not illustrated.
1901 Excerpt: ...were paid, including all moneys received on behalf
of the said trustees, and a separate banking account was opened by
the firm, called the ofiice account, into which the private moneys
of the firm were paid. Cheques were sometimes drawn on the trust
account for ofiice expenses, e.g., to pay olfice expenses and
salaries, and the ofiice account in the firm'5 ledgers was debited
therewith, and at a future date cheques were drawn on the ofiice
account, and paid to the trust account to refund certain of the
moneys so used. The total amount so debited to the oflice account
for the period 1st July, 1896, to 25th April, 1899 was 4,968, and
the total amount so refunded during the same period was 750,
leaving a, balance owing by the ofiicc account to the trust account
of 4,218. Interest on moneys supposed to have been invested by the
firm on behalf of various clients was paid to those clients out of
the trust account in cases where no investments were really in
existence, and where no interest was actually collected, thereby
reducing the amount which should have been to the credit of the
trust account by the amount so paid or misappropriated. The
deficiency for the period 1st July, 1896, to 25th April, 1899, was
at least 20,000. On the 8th November, 1881, Mrs. S. A. Splatt was
advanced by Taylor, Buckland and Gates the sum of 100, out of the
1,500 held by the firm and belonging to the trustees of Mrs.
Champion's settlement, such advance being shown in her account in
the firm's ledger as a loan to Mrs. S. A. Splatt for four years at
6 per cent. On the 1st May, 1897, a. mortgage by Mrs. Splatt to
Gates and Grey was executed to secure the repayment of 950 and
interest, and of that sum the 100 already mentioned ...
|Country of origin:
||246 x 189 x 14mm (L x W x T)
||Paperback - Trade
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