The court held that the offence of theft is completed as soon as there is an overt act showing a departure from the instructions regarding entrusted property, resulting in wrongful gain to the person entrusted and wrongful loss to the owner. Whether the intention to convert the property arises before or after receipt is immaterial. Once theft is complete, the foundation for a case of receiving stolen property with guilty knowledge is established. The appellant's argument that the property was not stolen prior to receipt was rejected, as the conversion by the second and third witnesses constit…