A BAKER'S "NOCTURNE."

Auckland Star, Volume LX, Issue 136, 11 June 1929, Page 8

A BAKER'S "NOCTURNE."

HORSE THAT DID NOT WIN.

RAN EIGHT SECONDS.

WHANGAKEI MAN'S VENTURES,

. tlaceliorses - r'named "Nocturne and Ivildeer - figured in the - statement of affairs Charles William Swanberg, baker, of "Whangarei, who met liis'vcreditofs ;in Auckland ,to-day before the, deputy official assignee (Mr. A. L. Tresidder). .

; The financial statement showed claims of ' unsecured creditors Amounting to £lB34"/'those of secured creditors tb £2600; the value of securities being returned at £3005,- showing a surplus to. /-contra : of £505. Assets totalled £T23j5, and - there was a deficiency of £300; " ' • "; " '

-Bankrupt stated that lie had been in btfpiniSS,'for 14' years,. arid:,up.; ; to . three yegjjgvggo he was in a,'satisfactory position:-: "I now realise,", he said, "that un<ler proper supervision" I could have success of theibusiness." In 1922 lief * bought kir J "interest in a racehorse named "jfbetiirne, which was registered in 1 his iname'.' Four other men were iiitereSted'in the horse, but they dropped out; ,'and- he obtained their ■ shares ■ for nothing, lie did not' have a win with the. : Ju>rse, but it ran second' eight times in 'liffmorithsr v .-it.was' now on a farm at Whangarei- He also bought-- a' horse nained-Jvildeer, for which lie- paid £25, subJeSt'to three" contingencies of £25 per win/- This horse had one win, one second and twice ran into third place.

Answering the Deputy Assignee, debtor ,said- he carried on quite satisfactorily ' until about three years ago. Questioned regarding his racing ventures he said Nocturne cost him nothing in training expenses.' She was trained by a':friend.

. Mr. Tresidder: You bought her in 1922 and never had a win. That was rather a long time to keep, her, wasn't it? : ■

Debtor.:. She ran eight seconds in 14 won enough to keep herself going.- - - - . ■ ■ Swanbeig >added that the. other horse, KQ'd^^j^won. "once, ran 6n& second and was . twice .third." . Kildeer had quite paid;;fpr ;ifeelf-. 'He did hot bet heavily, but he -might occasionally have had a few pounds on iis • d\vii" horse. • He -had nOtbbeen, doing very,well.in his business foOfrnfc.time-a pretty keen war,going on in Whangarei," he said. After- further -examination: it was unanimously resolved to appoint ,a-com-mittee,":; composed': of three of the prin-cip^.Qrg^ittji-5,"..t0. arrange for the rea]isatipji- v assets. Swanberg thanked his creditors for the "cbhsideration■ they had shown toward'iim. Hewas anxious to do what to" Jiejp them. He .had worked haid,-bt\t he'.realised now, that it 'would have 7 been better if lie had worked harder . with 'his head than he had with his .hands,.,,. r . The: -examination./was closed. » - ,*»» -■ f- •» •-> ' •"/*" '* " r. ■" ■ " '' " •