The same afternoon Mr. Clarence Hatry and his colleagues, Mr.
Edmund Daniels, Mr. A. E. Tabor and Mr. J. G. G. Dixon, surrendered to the City Police. The next morning—last Saturday—they appeared before Sir George Truscott at the Guildhall on a charge of obtaining by false pretences from the Porchester Trust, Ltd., £209,141. They were remanded for six days, an application for bail being refused. It was explained that the defendants, who were described as directors of the Austin Friars Trust, Ltd., had obtained the money from Mr. Russell, who represented the Porchester Trust, Ltd., on the deposit of certain securities. £150,000 of these securities purported to be Wakefield Corporation stock, but this stock was fictitious, as the whole issue of the Wakefield stock had been taken up by the public. A detective-inspector of the City Police stated that he had read over the charge to Mr. Hatry, who said : " There was no intent to defraud."
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