$13,700
Chinese Institution Said to Have Been Defrauded A no 1 method Of fraud in whea a Chinese bank lost over $13,700 h been. exposed by the Settlement Police who yesterday expressed ihe hope of geting the culprit in the ye nar future.
The wanted man was uld to have been employed by the bank in que: tic" and it appeared that he had obtained a blank cheque and ci the seal of one ofthe institution cnlents departure fr of coshing the the usual method que at he institution was introduced i v the cti brit who, instead, another Chine. dank the cHeque-book he thus obtained from the second bank ote out five cheques, covering the entire amount of the cheque drawn en the first bank. The five cheques ished at a Chinese money which specializes in cashing cheques for client: For the $13,700, the culprit paid out $200 commission:
Ihe five cheques were honoured by the second bank which had cashed the culprit's false cheques from the first bank, and the latter paid tz mosey ouf of the acount of the clie: who was supposed to have wri out the document.
That something was amiss became own to the bank when the client in ion failed to cash his own money. ts practically all his money had b taken out by the culprit,
Text read from the printed page and cleaned; old type leaves the occasional error.