0 ▁a ▁year ▁in ▁the ▁last ▁de cade , ▁arrest ▁war r ants ▁were ▁issued ▁for ▁Lord ▁K yl s ant ▁and ▁John ▁Mor eland , ▁the ▁company ▁aud itor . ▁At ▁the ▁time ▁the ▁r use ▁was ▁discovered ▁the ▁company ▁had ▁a ▁trad ing ▁def ic it ▁of ▁£ 3 0 0 , 0 0 0 ▁a ▁year , ▁the ▁res erves ▁were ▁completely ▁exha usted , ▁and ▁the ▁company ▁ow ed ▁£ 1 0 ▁million . ▁ ▁Tri al ▁The ▁trial ▁began ▁at ▁the ▁Old ▁Ba iley ▁on ▁ 2 0 ▁July ▁ 1 9 3 1 ▁before ▁Mr ▁Justice ▁Wright , ▁with ▁Sir ▁William ▁J ow itt , ▁D . N . ▁P ritt ▁and ▁E ust ace ▁F ult on ▁for ▁the ▁pro sec ution , ▁Sir ▁John ▁Simon , ▁J . E . ▁Sing leton ▁and ▁Wil fred ▁Lewis ▁for ▁Lord ▁K yl s ant ▁and ▁Sir ▁Patrick ▁H ast ings , ▁Stuart ▁Be van , ▁Frederick ▁T ucker ▁and ▁C . J . ▁Con way ▁for ▁John ▁Mor eland . ▁The ▁ind ict ment ▁contained ▁ 3 ▁counts . ▁On ▁count ▁ 1 ▁K yl s ant ▁was ▁charged ▁with ▁issu ing ▁a ▁document , ▁namely ▁the ▁annual ▁report ▁for ▁ 1 9 2 6 ▁with ▁intent ▁to ▁dece ive ▁the ▁share hold ers ▁about ▁the ▁true ▁state ▁of ▁the ▁company , ▁Mor land ▁was ▁charged ▁with ▁a iding ▁and ▁ab et ting ▁this ▁off ence . ▁Count ▁ 2 ▁was ▁an ▁identical ▁count ▁rel ating ▁to