FATHER AND SON

Auckland Star, Volume XLVI, Issue 144, 18 June 1915, Page 8

FATHER AND SON

BANKRUPT TOGETHER. ENDORSEMENT OK PROMISSORY NOTES. Father nnd son appeared as bankrupts yesterday afternoon before Mr. W. S. 'Fisher (Ollieial Assignee I. The parties were John Leonard Harrison, warehouseman, of Mountain Rond. Mt. Allien, and Edwin I.collar.l Harrison, tailor, of the same iiddr.-s. The latter, who was lately in bu.-ine-- in Symonds Sireel. had liu'liililir- of tlitis 1 I It. and the father, who had barked pr.uni-sory noie- for hi,- son. owed L'lllli 10 . The father's stateintil his to the diet that his failure wa- -olel.V due to signing his son., promissory note*. He war. ;>S vcar- of age. bud a wife und daughter to keep, and had No income bevoii.l the salary which he wa- drawing iron, his po.-it.on. which he ha.l occupied lor lid years, and which he would soon have to relinquish. In addition to signing tiie notes he had kepi his -.0 for some tune without receiving it penny from ntin. Tin- son owed him approximately L'lOU. The elder debtor a-ke.l for 'the exemption of hi.- liiiiiittlie. valued a I .LJV from ti -tale.

Tne statement filed by K.lwin Leonn r.l Harrison it ttril.n led hi- failure, alter lour year.-' trading on an initial capital of fi'.-t, to tiie advent of the Saturduv closing day and tin- war. The llllicial Assignee iibseiv .-.1 tint he doubted whether t! -limat.'d us-et-ol .Ul>7 l.'i./ would realise anything.

Replying to the Assignee ihe younger bankrupt denied that lie had ne.'leeteil his business to -o lo rait' mi—ting«. ami that he hn.l b.-ttiil extensively. Nor had he spent large smut- of money on drink, although lie ha.l had .t drink when he wanted one. His explanation of his failure to total up Ins .-iu-li hook ami nf the eriision of lijitirrp, «a.s that he had dis.overed a mt-take wlii.-li threw all the li_-iire.s wrong. He i.i-t reviewed his position ill May. I!t|:l. in order tii plai'c it liefori- one of '.In-,-redilors who ht-l|«\l him.

The Olli.i.il Assi.'in-i- observe 1 that there xvere allegations (-i.it the bank nipt liti'l spent ...iisi.ler.il.li' in bor-e raeinp un.l drinkin-. Imt he did not know ah.it truth there »;i. in them. He ha.l looked lliroll.'il the 1 kbut. owing to the Mate ihev were in. there wai- liothin- t" show whether there had been a leaka.-e .ipnrt from the business.

In the .our-" of e\ainiiiation Kinkni]it admitted that he had retaine.l four suiles from the s.o.k. liei-.lti.se t ; !,-> had been paid for all.l tiol eoinpbi ■.!, and Unit he liiul not .siirren.lere.l hionlor book. llankrupt a.lileil tint li" pot his father to endorse the nntivi be.-atise he liope.l thiti-h would iniproi.-, hut he admitted tli.it his a\ern-e tveek'or.iers of three suits w.nil.l not pay the rent.

With re-.ir.l to the ra.-e of the senior bankrupt, one of the . re.htors i .Mr. A. I'iarki moved that the Dffii-inl Assignee bo iitfke.l to pive fa.ilities for the .lis ehar;e of the bankrupt. He observed that he had known Harrison for 'W or 40 \ears. ami a ntore honourable, straightforward and lmr.l working man he had never come n. ro-s. Two of the

i-reditors. with a mujnrit) of \:iliie opposed the motion, ami it ,\.\* there fore 10-t.

With re-nrl to the voiineer bankrupt it was deei'leil lo in\ est j-iite I ■ it- bank nipt.- affair* und to l.iy tin- in U- beiore the Grown I'rose,utor.