CREDITORS SUGGEST PROSECUTION

Press, Volume LXXVI, Issue 23086, 31 July 1940, Page 14

CREDITORS SUGGEST PROSECUTION

♦ BANKRUPT METAL WORKER Recommending that the matter be referred to the Crown Solicitor with a view to prosecution, a meeting rf the creditors of Albert Thompson, > motor sheet metal worker, of Manchester street, and trading as Morrows Motor Body Works, passed a- resolution to this effect yesterday morning The Official Assignee (Mr G. Brown) presided. Thompson, in his statement, attributed his failure to lack of capital* inexperience in trade, and petrol restrictions. , Unsecured creditors were shown ** £271 4s Bd. and total liabilities »• £307 12s Bd. Total assets were 2s lOd, leaving a deficiency of 9s lOd. , . Thompson said that he had bpiigjj the business for £llO on promissmj notes, and had had only £7 as capi&j when he made the transaction. had not been able to quote successfully for work in town. ~ ... To Mr Brown, Thompson said he had no dependants. He had been in business for five 'months. , Mr Brown; And you cannot account for your losses? You were only “ business for five months, your h 3 : bilities are shown at £307 12s Bd. and according to the records your drawings were only £l7. —I lost money on difficult jobs. Mr Brown: But do you say that yow drawings were only £l7 in five months?—l may have had more. 1 couldn’t say. , Mr Brown: Is that the best account of your drawings you can give? Cant you say how much they averaged." Perhaps about £2 10s a week. Mr Brown: I suggest then that y0“ have had considerably more than —I couldn’t say how much I’ve had Mr Brown: And what about you* mode of living? Do you gamble o» drink?—l gamble, but don’t drink. In reply to further questions, Thompson said he had done what n® could in business, but had been ine*' perienced. The volume of worjf had had at first had justified his cartf' ing on. He had gambled, but was no* an inveterate gambler. He had lost which he had been given for a thtc R and an anvil, in gambling at the lington races. . Thompson denied an allegation w one of the creditors that he had gxved the licensee of a city hotel £11?* whisky. He said he drank very Wue ‘‘Well, I must say that you have had cold consolation,” said Mr Brown to the creditors. ‘The course of Thompson’s business career leaves a lot to oo desired," The creditors then unanimously resolved to refer the matter to #■