In re Great Oak Building & Loan Ass'n

Davis, P. J.,

The petition sets forth that on or about March 15, 1934, the Secretary of Banking of the Commonwealth of Pennsylvania imposed an order of segregation upon the petitioner, effective commencing with the March 1934 meeting of the association.

*157The board of directors of the said association caused to be made an appraisal, audit, and examination of its assets and liabilities, whch had been completed as of August 20, 1934. The appraisal, audit, and examination show losses resulting from depreciation of petitioner’s securities in the amount of $126,727.94, exceeding the accumulated…