DISCHARGE SUSPENDED.

Auckland Star, Volume LVI, Issue 125, 29 May 1925, Page 3

DISCHARGE SUSPENDED.

FOR THREE YEARS. I'.ANKurrr.s heavy liabilities. 'in eighteen month? this man lost -I Ifio! What beciur.e of it?" asked Mr. • I -i.-tii-e Hi»nlmnn in the Supreme Court 10-.my. when John Craven Carden (Mr. ilnlmnyi. a young man, shown on the documents as "produce merchant . anil auctioneer, ■>! ['ukpkohe," applied for a discharge from bankruptcy. His Honor suhiec-toH Carden to ri-or- «.).- ej.aminai.ion in the box. Bankrupt Raid lie was a; present employed r,n the literary Haft of a monthly publication. !!<• admitted that .'.hen lie started business in \'.<\i\ |i/> had no a-?-!?, but save a I\\". for £300. Hi* Honor: You save a P.N".' That's ivl.iii Mr. Mh--v.vl.er did. i'-t" tin , |>';:'u hii-inc-s on his own 111" wlicle-nle line, having been emjlr.ed p. ;i ,-]ork. He explained the !'■• - r-.ver :' period of IS months by sayHis Honor remarked a t f ,ne. :!iat he supposed bankrupt had, in reality, committed an offence against the rules of the Bankruptcy Act. by incurring debts without reasonable exr.eitntion of heincr able to pay. Mr. Mahony observed that the potito business was a gamble, and bankrupt ■ns an inexperienced young man. Tlis Honor: The risk taken in potato than the rick in operations on the turf: i l.aML'hteri. Mr Holm len. who appeared for a rrpditnr. asked if it. were not a fact that bankrupt had told the principal of an Aneklard firm of merr-hnrrs on May 17, IH-2. , !. that he liarl £1.100 worth or' stock. £1200 worth of which he owned. and the other £.110 liein;? on consignment, and in addition that he hid £fi'K> worth of book debts. By this means ho had l.oen given further credit. Bankrupt said he did r.nr remember having made such statements. Mr.' Holmden produced a_ letter, written only two months before his bankruptcy, in which he informed the creditor that "this business was perfectly solvent.' . He owed the firm of creditors £5!»1. His Honor =aid it looked to him as if bankrupt committed an offencp, and it seemed ti.it. this was a case where a prosecution micrht have b»eo brought. It was probably bankrupt's youth that Fayed him. His nor was of opinion that he should not be discharged from bankruptcy. Further, his Honor wonH order that his discharge be suspended for three years.