HECTOR GRAY'S BANKRUPTCY.

Horowhenua Chronicle, 5 September 1929, Page 2

HECTOR GRAY'S BANKRUPTCY.

DISCHARGE GRANTED. “I suppose the real trouble was that he thought he could farm as well as he could ride,’'’ observed the Chief Justice, the Hon. M. Myers, in the Supreme Court in New Plymouth, when granting Hector Gray his discharge from bankruptcy. On behalf of Gray, counsel said th-u lie had been surprised ac the recommendation of the Deputy Official -Assignee at the conclusion of his report that Gray sboiAi submit a statement of receipts and expenditure over a period of three years before Ins bankruptcy. It was not in accordance with his custom to make such a request, and it was difficult thing to comply with. The bankruptcy had occurred two and a half years ago, and there had been only one meeting of creditors, when an apparently favourable view had been taken. One creditor counsel had communicated with seemed to hope that the discharge would be granted. Gray had nothing now and, his racing disqualification having been removed, he was trying to make a fresh start.

"This man was a most successful jockey, and he must have made thousands of pounds,” said the Deputy .Official Assignee, in answer to His Honour. He added that Gray had kept no books. He had been asked for a statement.

His Honour said he thought it was fair to give the man another chance in life, especially as the creditors were not unfavourably disposed in that direction.