LIMIT OF OPTIMISM

Evening Post, Volume CXIII, Issue 137, 14 June 1927, Page 9

LIMIT OF OPTIMISM

BANKRUPT AND HIS CLOTHES

(By Tel«gnph.)

(Special to "Tho Evening Post.")

AUCKLAND', This Day. "I don't think that this man 'had any justification for incurring a debt of £50 for clothes when already lie was fairly -heavily in debt," said the Oilicial Assignee this mornnig at the meeting of tho creditors of George Charles Gilmore, jun., a commission agent, of Epsom. "Ho is a single man, and I make it an invariable rule to oppose tho discharge of single men until they havo made som« effort to repay pa^t of what is owing. The man was certainly unfortunate, lie was unable to follow farming work, to which ho was trained, and had to come to the city to scratch for a living, but I don't think that he-should get a discharge without an-effort." Bankrupt: "I certaiuly intend to make an effort. I don't intend to sit back." • .The Official Assignee- "That is what tho majority say when thoy find themselves here. Unfortunately only a small proportion do pay." The liabilities, all unsecured, totalled £253 4s, and tho assets nil. » A creditor remarked that tho man incurred a £50 debt for clothes when not earning £,250 per year. This was carrying optimism to tho limit.