SOLICITORS' TRUSTS

Evening Post, Volume CVI, Issue 90, 26 October 1928, Page 11

SOLICITORS' TRUSTS

YOUNG MAN FINED £20 (By Telegraph.—Press Association.) CHRISTCHURCH, This Day. For breaches of the Law Practitioners Act relating to the payment . into the ; .bank of trust moneys, Percival L.: C. Inder, a young Christchurch solicitor, was fined £20 in the Magistrate's Court today. On a second similar charge Inder was convicted and discharged. Three charges against Samuel Ernest M'Carthy, formerly in partnership with Inder, were dismissed. The charges were brought at the instance of the Law Society. The Magistrate (Mr. E. D. Mosley). said that M'Carthy's actions had been .quite honest throughout, and the information against him would be dismissed. . / "With regard to Inder, I don't want to inflict a heavy penalty; but T must Inflict a penalty that will show young solicitors the necessity for observing the provisions of the Act," lie said. Counsel for the Law Society said that the defendant Inder did not admit that all the moneys should have been paid in, as £60 was due for costs. Given that in, the amount was substantial. One result of the audit showed a deficiency in the trust account of £240, which amount had been made good by Inder's partner. The books of M'Carthy's firm were kept in charge of luder. . .. ■