Later the accused had removed {80,000 skins under lien to. the Bank and had sold them through the Hongkong & Shanghai Bank and he had remitted £1,000 of the proceeds to his agent in London.
The Chartered Bank had no knowledge of this nor was an explain tion offered by the accused as to how he had valued some several thousand skins at Tls. 5 each when the examiner appraised them at Tls. 05 each.
In cross-examination, Mr. tapp brought out that, wi present action was pending Bank had financed a deal many by the accused which involved some Tls. 28,000 and which resulted ina small profit. Witness said that they had only carried on this deal Decause they kept a careful: watch on the transactions and had placed it in a special. antimony account, The credit proceeds were placed against the overdrafts but were too small to make any appreciable reduction.
The case was adjourned.
On August 14, Mr. R. D, Murray acting sub-manager of the Charter-led Bank, was recalled and identified 'a nuniber of documents in connection, with the relations of defendant and Mr. Ernest Payne, of Messrs. Collins & Ca,, Ltd., 20 Jinkee Road, surveyors, who examined the cargo after its removal from defendant's godown to that of Messrs. Mackenzie Ca, Ltd, and as an expert of 20 years' experience, assessed the value of the skins at about Tls. 20,000, although, in his statement to. the bank, defendant is alleged to have stated that they wore worth about Tls. 192,000. He rendered a. verbal report fo the. Bank and said that
Text read from the printed page and cleaned; old type leaves the occasional error.