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>-- o ' rk f % 6 s ];' / A »e w (UG--SA&\{ Pl"tl LS 4 4 tions there is a bearer bond? A-- § *3 The account does not, but the records | @q.--pid you find deposits of IaTE® | _ Mr. Curri%----'flhxols above If he| .. of the bank show. bills, legal tender, beforetDecl:)eg:\bezrz? he{\c&l th% .-'?Zg_fng the banks give! -- x Proceeds of Dominion Bearer Bond. -l*figl found none 'prior to o l '.you 'credit for it. > | Q.--Then September 18? A.-- Q-'---Then Mr. Nash, you have : Q,--What other items? A.--On| The account of Mr. Smith shows a | made certain items here. There are April 1, 1922, $582.44. 1 leposit on the 18th of September of | certain items concerning coupons, Q.--Just the same way, the num--| $4,353.176. The deposit slip is dated i, and there are quite a number of | bers in each case gated ist, produced | 20th of September. I inquired as to \| them, I understand, but we will tak®e anq marked as Exhibit 171._ What: the ~'difference, and, the Man@&e" ) coma of the larger ones. On July 6) (js your next? A--On Oct. 7, 1922, tells me, sometimes _ mistakes are | 1g9p apparently there were $707.13,| $277.59. M made in the entering of the ledger 48 || inya Amount credited, the amount of Q..--Any others, Mr. Nash? _ A.-- | 'o the date. You will notice when the coupons _Gdeposited in the| ppat is all that I have dealt with. _ 'his is produced that there are sev-- account? A.--Yes, sir. i |_~ @.--What is the last deposit and } eral blank spaces, no dates filled in o f ! 'coupon, what date? A.--Oct, 7, 1922, A ithe;;e. 1hgutl,,thgrlm«n date in the ledger | Deposit Slips Produced. ' _there are some smaller tdeDOSlt"l! s the 18th. he records of the bank t that deposit ked coupons, but being of a small ; ; show that to be the proceeds of | ;.8; 4*\ "fuye" sir, deposit sliP| |nature I did not detail them on this | $5,000 Dominion of Canada bearer g {)d Juily 5, and is marked coupon®. | [ exhibit. boadf"-, A n that 1y a" 311'1"»76-' 1 o *'This deposit slip dated July 5 Q.--The next in '11902'3 go A.--OH | .Well, that is a similar item to i cross the 1 , 1923, one 0o .50, a sma l the $1,000? A.--Similar to the Itsgr?"(;? igoupons wfitten ' g{nt.}.' * $1,000, faar Member--What year? Q.----Next, on the 4th of October, Mr. Price--All 1920, these. i _ According to Instructions. ( s % » 1}?23. dep(;)sit.f oé SlJ.l?S.sl. which | _ Member--That would mean cou-- Mr. Widdifield--What is the idea the records of the company show to | lipped from bonds held by Mr. ol back to the end of Septem-- f be the proceeds of $9,500 Dominion | RONS C!!'PP | ~of going bac of Canada bonds 'Smith ? ' ber, 19192 A.--My instructioas were ' ' | _ Mr. Price--Yes, 27 at 7.29, $196.83.) °0 Lovyer a period from the end of Q.--Deposit slip produced, mark-- | . ® t $72.90, $510.30, making a| o C i Ume ed 4th of October, 1923, showing be\en? 20113' 'The bank Manager : 919 to the presen io 119. Sut At" $9,500. _ A.--Dominion 'vf Canada ggitltlun':) dsoub.t be uble to explain just| Mr. Price--LI sai( » bonds. a»all whether he had these bonds in his | y B Mr. Currie--Let us understand || i r whether these were probably would have been better to that: that means he cashed those '9055955 Ol;xa(x)'zded in fo him. . . 'Then have stated certain months. , bonds into the bank and the bank iCOUp(})"l':; another deposit, July 3? Mr. Currie--You wanted to satisfy put the proceeds to his credit? A.-- 'Xo-u--'rhe ?leposit slip of $1,827.50 con-- --©Yourself that Mr. Smith, previous to Yyes. s | sisted of 20 items of $12.50, 21 items that, was not indulging in these, Mr. Price--It doesn't indicate what ,Sf $2.50, and 61 items of $25. |\--_--Jlarge deposits. | the Dominion bonds were? A.--I 1° Q .ol\'iaklns' a total of? A&,«~----| Mr. Price--There is just one think that the bank records would' $1 8.2_7--50 t other item. We will place this lg as show the denominations, an'd in the}||®»+ *X _ _ lip shows a summary of what you have gather-- case of the first one of $3,303.176, 1I!i,, Mr}tfr;:cfn ;rnh",,',';fm:{fo:,ifig the . ed from your inspection of the ac-- have the numbers of the bonds that| l!'a v;fmtg which we believe are cou--| COunt--Mr. Smith's _ account . at ' were cashed. 1! f(')nns roduced and marked as Ex-l' Stratford. Now, Mr. Nash, are there Q.--Just give us the numbers? A.}} gibit' 1p66 Mr. Chairman and gen-- any other things that you think you, f ----TE 178856 to 178860, inclusive---- hlemen there are a lot of others Should bring to the attention of the' | ""fir'lgg?:é Dominion? A.--I be. {{qulite small, but I am taking the large committee ? ' ' lieve that the bank can i)roduce the : ' gr;;s_';s_z'here are several Items Ot'_ Smith Had "Active Accounb"' numbers of the $9,500. _ a !| -- Mr. Currie--What is the total In Opinion of Witness Q@Q.--Now, these are five $1,000'8.. At of the bonds? 43 j What was that date? A.--Sept. 18.'iam1\2;;' Price--Yes, we will get that.| | :A --During practically the whole| 19,2\3' cashed. s i What is the next large amount. A.-- _ | Of this period of some four years, | e Nir. Currio----As near as you can | ist of November, 1920, items which | Mr. Smith had a very active ac--| find out from your examination it ear to be coupons, of $§62.50, and | o e j ] showed that Mr. Smith handed those |&PWV 04 Funas marked underneath | COUDt I didn't think that it was 2 ¢ f of $88.35. total of $950.8%5. That is |the intention to examine any per-- f Victory bonds in to the Manager and, ]indicat'ed.just in the same way, the sonal transactions of Mr. Smith, and the Manager sold them or their bond | | coupons in each case being placed |I tried to segregate so far as pos-- b department took them over and gave| | after number | sible those items which I thought ' redi t;or them and placed it to his! _ _Mr. Currie--Well, there is an item ; WOuld be of importance. Among'. credit? A.--Well, I don't know how,.! | p * ow vYork funds which would | those items that I have not brought| but it shows they were the proceeds| signify cheques. | to the attention of the committee are Of 'flV(' 31.000 Domlnlon of Canadal Q.-----Ha\'e you foll()wed through to ' a great many deposjts made in caah » bonds. _ _ | | find the reason for this $88.35 or any iof $100 bills, $50 bills, $25's and : Mr. Price--The odd amounts | other iteme? A.----No, sit, the bank $10's, amounting as high as $300 or : would be for interest. ! . records don't give details of cou-- !3400 in one deposit, and as low as' . h rice----Have you gotany Oth®T! | yous that are cashed from time to | $100. * item the're? A.--No, gir. time. Q.--How much would these ag-- Q.--Will you produce the ledger| ; s gregate? A.--They would aggre-- C sheets? _ Payable in New York Funds. sgate some $7,000 or $8,000 over the | Mr. McBrien--What is the total *\ q.--Mr. Kash, you nave nad ex. |Petfod. of those deposits? § 'peri'ence 'n audl'ti'ng bank accounts. Mrt Clarke--Oxer: period of three & * L--iIf the it a $62.50, a it i or four years? .----Four -- years. . Deposzt.s in Legals and Bonds auditgd lNeenx:' ;yor{;k ?Zm)]ds, wtzxt:t woulg l Apart from those I have nothing else Totalling Upward of $45,000; | it indicater? A.--It would indicate |{9 F°POt as to my findings on ex-- Mr. Price--About -- $18,000--0@d. | to me that the coupons were payable |amMnauon of this account. | in New York funds. r. Currie--Did you find Mr. & $18,000 in legals; these other items | _ Q.--And Mr. Smith got credit for Smith's salary cheque deposited ? of $10,000 $5,000, $9,000 run about |that amount in his account? A.-- |A----I found Mr. Smith's salary $26,600 in other items and $18,000, | Yes, sir. January 3, 1921, there is |Cheque deposited there almost with-- in lerals \no mention of the coupons, but the |°Ut exception every month. ¢ ; galt. ' { amount indicates coupons, $824.66. Q.--You did not take that into ac--! ' | _ Mr. McBrien--Then the total Q.--3rd of Janvary. So many at |COUnt at all--I mean thoge items | would be about $45,000 or $50,0007? | $7.29, others at $14.58, and so on, |YOU have given us? A.--They are,| Mr. Price--Of course there are a 'and seven at $72.90. Of course, |Of course, shown on the copy of Mr.; | lot of other items that have not been : |these would be, might be, four or |®mith's current account which was! _ gone into because theyn'did notvap-' | .fl\'e"or flv'ie and a\r'xalf.ilt cou}l('ihea.slliY\ | put in as an exhibit. f * pear to have any significance,. Now, e figured out. Next item. ere is x | t 2 will you produce the ledger sheets so ine in February, $1,827.50. A.-- Salary Deposits Not Included. ! . we can get them on the records? l'he deposit slip is marked January Q..--But you didn't take them into. A.--That is a copy of the savings ac-- 5, 1921, and then changed in pencil consideration in any of those de--| count, of Mr. Smith's account in the . to February 21, a total of $1,827.50, ; posits you brought to the attention: branch, made by him personally. consisting of 21 items of $2.50, 20 |of the committee? A.--They are| 4 Q.--Mr. Nash produces a copy of ~nf $12.50, and 61 items of $25. ; not included. in any of the items I{ 7 ' the savings account of the Hon. Peter <_ Q.--You will notice that that is ; have given. ; ® Smith and Laura A. Smith, or either, _ about six months from the time that | Q.--You made a calculation of} i 89 St. Vincent Street, Stratford, as $1,827.50, the exact amount, was | these coupons. What would these:! a made.by him from the records of the7 deposited before. That would be the coupons represent half--yearly in the \ bank. Produced and marked as ex--| six months' period which the coupons . way of 5%'s? A.--I did not make a, ' hibit 163. A.--All these seven sheets' would cover. / f calculation. Without knowing the 3 ; are copies of the currenti atccount 0{ 'What Coupons Would Cover. rate of interest the bonds would pay' ' _ Peter Smith and the join 8-00003 $ ; \_ it would be impossible to make an | of Mr. Smith and his wife as mahe, " .\Iember---:--Hgn much would the accurate calculation of what bonds| } ! by an official of the branch of the coupons cover ? '-- might be held. | f i Bank of Toronto, Stxfattolrdd', & .\Ir.' P:lce---About $72,000--0d@d at --__Q..--You wouldn't want to volun-- f | Q.--Covering what period ? «---- 5 per cont. and $66,000 at 5% per | teer? A.--I would prefer not to & | Covering the pel'loldsgl'omthsept- 1, cent. | volunteer any statement. ' «4 '1919, to Oct. 31, T 8, e&degregn | 1h9e0 Witness, continuing--On Oct. | Q.--Supposing 5%? A.--Well, I | | references on th'am"i'::etlog' 931 1, 1 )-1, "{&at V;'IOU": app:a,r to be |could work that out on the basis of ' ; ime during my ex « coupons, although not marked on the | 5%. 'The $1,827.50 credited half-- ' | _Q.--Just while you are on these : deposit slip, is $552.50, and under-- | yearly at 5% per cent. basi 'accounts, I see you went back to neath that, New York exchangs, mean somewhere betw sig would Sept., 1919. Prior to the date Mr. $53.80, | and $70,000 of be detween $60,000 M E* . Smith came to Toronto. Did you go| _ Mr.' Price--That is $552.54, and | ' Onds. back farther than that looking over here is another. The New York ex. ; $60,000 or $70,000 in Bonds. the account, :arther tltxhana.ttt:ratt;' change shows, Mr. Chairman a.nd] Q.--Coupons had -- been clipped . | A.--No, sir, n? thmol:l an e¢f| _ gentlemen, that these were payable|and cashed on between $60,000 ana | examination 0o e ger. I ig New Ylgrk. and anyone holding[:'!o,ooo of Victory bonds, 5%?' Femd * them wou get exchange. | If the bonds were 6% per cent . o CA . I bonds. * E K9 4 . . ' Lo 1