- Hydro-Quebec sold C $ 350 million of seven-year bonds, while Canada Trust Mortgage Co . auctioned C $ 600 million of corporate securities.
- He also faces another trial on nine counts of wire fraud involving Union Trust Mortgage Services of San Francisco and PHH U . S . Mortgage Company of New Jersey to obtain a mortgage loan.
- The bonds were 6 % Guaranteed Sinking Fund Gold Bond Certificates held under a trust mortgage with the Chatham Phenix National Bank and Trust Company ( predecessor of Manufacturers Hanover Trust Company ) . | group = note } } Prospective purchasers of the bonds were told that Horch and an associate guaranteed payment of principal and interest personally and that the income from rentals was expected far to exceed expenses, including both interest costs and amounts to be committed to the sinking fund.