India, Australia & China preferrd criminal charges against A. C. Tows-'Bend, managing director of Messrs, Townsend, Day & Ca., Ltd, the com blaine reading' as follows: shanghai being the managing. dee For that you on April 4, 1929, ae torePairtiat private blights n certain writen star which ea in 3, 1 the following goods Biledtah SP cal ata seats Oh Sutte® atest are Gee Toots Up tied he SE)
His Sidece aha lits Por a aca Mr. R. E, 8. Gregson appeared for] the Bank and Mr. B. Lo Hartopp re presented ace Accused's Relations with Bank Mr. Gregson quoted the law at] considerable length and reviewed the: history, of the transactions between complainant and accused. They assumed business relations in 1926, when Townsend asked for credits argo. His overdraft with the bank varied according to demands. December, 1928, the amount due was, Ins, 101,000, "In March 1929, 1%] amounted to Tis, 180,000. On April it stood at Tis, 124,000, On Tanuary 31, 1928, Townsend, counsel added, signed a trust receipt for export cargo, wrote them that because the bank had asked him to reduce the overdraft, he had sold 40,000 skins dari February through complainant anc Tater an additional 30,000 rangtane' 2 Shanghat Banking Corporation. Also that he was ti ing to trace his compradore, to tal action against him, and if successful jate the overdraft in full.
Br. Gregson:—You had no know-' edge that 70,000 skins had been moved from the godown?
Text read from the printed page and cleaned; old type leaves the occasional error.