◆ SpookStack

, . . aa ™. . , . . . “x . ee - aes ~ ‘ . ~ - a a : ts, ; a «47 - ~ _ vee ae . . og ee ke . . ae ri - . * a oe 4. “ as ” __ . “ . a Bb Lae = < Fewcend F ’ od ne - re +: *. y z “7 * ee ea eae BAS OB. “Instant balance sheets which were certified by. 4 Se ie: Arthi r Anderson and Company, 67 Wall Street, New York City;;. #F. ; oar oan 4 _ on the "respective dates as follows: | We ey ee ee Dae alld ‘ " " Agh t B mM Ba fi 3 1 or le ere a oan hat SMe . ' * . cf om, 24 a . . A | a? 2 ae Pate 6 Cy, Ws Sa Se A ' a na oo Po . eo . : i Matt mane rie . . tt ; : a oa “ GASH TA ae, , . 683, 267.50 oo, we |, é2o576.h9 ome 2720. | 7 2) 633,927013 - s ee ne rt was requested that the correctuiess of ‘the aboves {eit : mentioned cash positions be determined and also whether the -.« 7G - capital surplus was actually paid into the company. It was” i also requested that the funds be followed to determine the: original source. It was requested that if bank loans were 7 as involved that 1t be determined whet was posted s as Pecan ey peated for the bank loans. a t-.f.) 6 oa Sates Fo gy examination of the Victory Cash ‘Account, ‘cans : Receipts: and Disbursements Journals revealed that the above eash positions of June 21, 1949, June 29, 1949, July 31, 19k9, ae and August 31, 1949, were in agreement with the Victory Pecoras. ce DL we PAS, a, BF s - a This examination reflected that the Victory cesh | . position es of Julyl13, 1949, to be $519,362.50 rather then" ee co 1,699,862.50. However, the Victory cash balance as of © °y 23/7 July 1h, 1949, was $1,699,862.50. Thies discrepancy was prob caused by including a Victory deposit of $1,160,500.00 made ~ July Ut» 1949, in the Victory cash. balance of July 13, 19490, . ness. ena , ° An examination of the Vietory Cash ‘Receipts Joumnel fo reflected that through July lj, 1949, the sole source of cash 24:-.. os wher gonsisted of advances from USPC. These advances were credited te. . Je ier to Capital Surplus. With the exception of charter hire in the “= WS... amount of $35,22h. 75 received from Transatlehtica on saly 27,23. at ar ae aL ame wd rr. w;¢ --- AGYS, the sole source of Victory cash througn Say 3 3h, AIN9» was. ye the aforementioned etances from USFCs oh “se: Le ORY hn tae “ THES gg Soa a on SE ES, : oh Me Bes sada = : SE os ate : ol eet ane a *- ante bears er ae elt aia a TA aE a Ra . at: - inte paths a _ hy + es * 2 eee cae : ag eee ate 7 A i . wes aa, - ae a]