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A BANKRUPTCY CASE

(PSft FBJCB9 ABSOOIATJOH.)

AUCKLAND, April 15. At the Supreme Gonrt to-day application was made for the discharge from bankraptoy of W. Simpson, formerly landlord of the Qieen'i Ferry Hotel, of whloh hit wife U noir the licensee. Mr Hesketh, ou behalf of Simpson, contended that one of the groandi of objection to the dUohnrge, that the bankrupt had not reasonable booki,' wu not good, as hit business Wfcs a 'cash one. His Honor Judge Gilliea tatd be was of opinion that books were eminently necessary Id Mr Slmpeoa'a trade, whether It was a o*ah one or not. Ha oonstdered he would be grossly negleottng his duties if he granted tbe disoharge. The bankrapt had admitted that he had kept no books, and he had nothing beyond a mere p»Bj book to show what hie takings were and how they were applied. The oredltora could not traoe out the money he had received, and knew not where it had gone to. He had avowed that when he would not be able to meet £100 doe on lease \>f the hotel, for which he bad made himself liable, he started plunging Into speculations. His failure was attributable to hascivdous and rash speculations, at a time when he knew he waa not In a position to meet his just liabilities; Under these elroumitanoea hejjould not grant a dlsohargfl.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AG18890416.2.9

Bibliographic details

A BANKRUPTCY CASE, Ashburton Guardian, Volume VII, Issue 2111, 16 April 1889

Word Count
228

A BANKRUPTCY CASE Ashburton Guardian, Volume VII, Issue 2111, 16 April 1889

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