BANKRUPT ACTOR

Grey River Argus, 23 September 1926, Page 5

BANKRUPT ACTOR

OSCAR ASCHE’S CASE. Large Sums Vanished. (Suu Cable.) (ixcceived September 22 at 5.5 p.m.y LONDON, September 21. Mr Oscar Asdic, the actor, in lii> public examinaiiou al the Euiiuu.. BauKruptcy Court, said that his iia. a ilics were X 44,311, and the was xJ/jUIS. lie said that the royalties of “Kismet” totalled £3O,UUU. n< hud also earned royalties and salary between 1916 and 1924 totalling at least £140,0U0. Of this amount, tnc sum of £I2U,UUU had been derived from ‘ ‘ Chu Chiu Chow. ’ ’ He had n salary of £l5O per week from the musical play “Cairo.” It was a success, but it was withdrawn while he (Asche) toured Australia. He was now claiming £lO,OOO from an Australian Company in connection witii that tour. No part of the £140,000 had been spent by him upon assets of a permanent nature. All of it, he said, had vanisheu in professional entertainments, travelling, and maintenance expenses. He denied personal extravagances. He attributed hl's insolvency to his inability to obtain a share of the profits of his Australian tour, and to his failure obtain royalties from America. £45,000 LOST ON DOGS. Continuing his evidence, Asche stated that the breeding, training, and running of his greyhounds between 1914 -and 1922 had entailed a dead loss, of £45,000. Questioned as to whether he had betted at race meetings, Asche said tha he had not lost money at betting during the last few years. The official receiver pointed out that there was a large claim in respect of income tax and supertax. This would wipe out all the assets. Asche replied that he had always paid tax on demand.