The Archive · 1922

A Deal in Marks

Manila, Sept. 23

Eleuterio Santos, former Assistant Chief of the Foreign Department of the Philippine National Bank, has been sentenced to eight year's imprisonment for defrauding the Bank through the purchase and sale of German marks. It was alleged that Santos purchased 100,- 000 German marks with the Bank's money and then sold the marks to the bank at a higher price, retaining the diierence.—Reuter.

Former Skcrerary Inprisonrp.

Manila, Sept. 26.

'The Supreme Court has affirmed the judgement of the Trial Court in sentencing Guillermo Martinez, former Secretary of the Philippine National Bank, to one year and eight months' imprisonment on the charge of defrauding the Bank out of commissions on the sale of Bank shares place recently 's, Knightsbridge, of Lieutenant. Harry Macdonald, r.x., sop of Mr. and Mrs. Donald Macslonald, formerly of Hongkong, to Miss Olive Darling. daughter of the late Mr. Sam Darling who was well known as the trainer of the horses belonging is late Majesty King Edward. The reception, which was held at the Hyde Park Hotel, was attended by quite a number of old Hongkong friends of the bridegroom's parents.

Text read from the printed page and cleaned; old type leaves the occasional error.

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