200
Is it an amalgamation of these three balance sheets ? It is an attempt on my part to
Does that represent the amalgamation of these three balance sheets ? I don't know.
You prepared it ? All I know about this is that it was an attempt by me to show Messrs Lowe Bingham & Matthews how these balances could fit together he asked me to try I tried that is the answer.
D
and
In fact, that is the amalgamation of these three balance sheets ? I did my best to make it so (Ex.NIB.10).
That document represents the balances appearing in your company's books in 1928 ? They are all in there.
The point
I want to make is that that document is not the Company's balance sheet, but one of my own a personal document.
What material did the auditor have when he drafted the balance alect on 30th April, 1928 ? These three balance sheets and the whole of our books.
Now, the printed balance sheet. The first item which I take is "Capital Issued and Subscribed" $2,613,260.00. Your Issued Capital at that date was $1,474,000 ? Quite correct.
That appears in your head office A.1 Ledger, and that is your head office A.1 Ledger ? (Ex.NIB 11). Yes, and that agrees with the typewritten balance sheet.
It does not agree with the printed balance sheet ? No, because the printed balance sheet does not declare Issued Capital - It was "Issued and Subscribed".
Included in that figure 2,613,260.00 is a sum of $1,133,000.00 in respect of which no cash had been received, and no allotment of shares had been made is that right ? Perfectly correct, but I did not put it there.
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Is it right ? Perfectly correct - and it is also true that it was subscribed Capital in agreement with the balance sheet.
Judge: You agree that that portion of the Capital was never allotted ? No.
And you had never received a cent of it ? I have carefully distinguished that in my balance sheet.
And you never expected to receive a cent ? I don't know.
Did you expect to receive any money ? I can only say a few months previous, some dimilar shares had been taken up.
Have you ever got ten cents out of this ? Yes.
Out of this $1,133,000.00 ? No, but shares of the same class.
These Application Forms for these shares were received no later than August, 1927 ? (Ex.N.I.B. 12) I will accept your
word.
Do you know where the Application Forms were filled up? They / were brought in to me signed, I don't know.
9.