WAGERED £l00 ON GOLF

Greymouth Evening Star, 28 April 1938, Page 9

WAGERED £l00 ON GOLF

AUTHOR’S £33,000 FAILURE.LONDON, March 17. Mr. Arthur Stanley Mackenzie Anderson, an author and authority on golf, of Queen’s-gate, S.W., stated in .ho London Bankruptcy Court yesterday that he had bdt as much as £lOO ■in a golf match. He failed in January with gross .ilities of £33,059, and it. was stated hat there were no available assets. Replying to Mr. H. 11. Gaine, Senioi Assistant Official Receiver, Mr. An lerson said that he was entitled to a me-third share in pt’.rl of the estate o! Ms grandfather, Mr. Robert Orr, vvno 'eft about £422,000, subject to a lifeinterest. in favour of his mother. Mr. Anderson added that in 1934 m lisposed of his reversionary interest o tho extent, of £.1.0,000 for £2,0U0 Since then he obtained private loans, ■nd had given security-charggs on the remainder of the reversionary interest. Since about 1934 lie had had transactions with four firms of moneylenders. Mr. Anderson agreed that he had gambled on horses and had lost about £3OO a year. Did you induce people to play you •it golf?—I did not induce them; they played. What is the biggest amount you hac n a golf match? —£100. It would not be unfair to describe this case as a typical illustration of youthful folly in self-indulgence?—l suppose so. Mr. Anderson declared that lor years he had been in the .clutches of moneylenders. The examination was closed.