Division of the High Court, to-day ordered the compulsory winding up of Messrs, Horstman & Ca, Counsel for the company stated that the company had accepted bills fof exchange for £527,000 and had only £39,000 in the bank.
The banking firm of Messrs. J. Horstman & Ca. Ltd, of 48, Bishopsgate Street,, suspended payment on November 14.
Tt was then officially stated that the suspension was duc to very heavy losses incurred in a series of fraudulent transactions by cer continental correspondents and trustees of the company. the staffs, who are at pres tributed over London, will housed there.
The buildings will be on the eastern or River side of Whitehall and will extend from the Cenotaph to a point opposite the Horse Guards parade ground. The soher will involve the demolition Montague House, the famous old home of the Dukes of Bucclouck, which is now the Ministry Labour—British Wireless. through Router.
Text read from the printed page and cleaned; old type leaves the occasional error.