For those watching in court, sentencing marked the end of a process. For Hatry and his colleagues, it marked a beginning.

While the severity of the sentence was a surprise, imprisonment was not. Once Hatry and his associates had confessed, they knew that imprisonment was certain. They cannot have known, however, how they would bear the indignities which imprisonment would bring.

They may have tried to learn from the experiences of others they had known, such as the embittered Gerard Lee Bevan. They may have read the prison memoirs of another company promoter, Jabez Balfour. Like Hatry, he was sentenced to serve 14 years in prison after a trial at the Old Bailey which had also involved Horace Avory, although as a junior ...

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