BANKRUPT HAIRDRESSER.
LEASE OF A RACEHORSE.
A haiudiiksser, named James Sharkey, of Groat North Road, Auckland, has been adjudicated a bankrupt. A statement of his affairs has been forwarded to the official assignee, in which the name of George Barakat. tobacconist, Waihi, appears as the only creditor, the amount being £91 7s 10d. There aro no assets in tho estate,
In his statement the bankrupt says that for five years ho had been acting as mauager of a hairdressing saloon owned by his wifo, receiving a weekly wage of £3 12s 6d. About September, 1916, George Barekat liersuaded him to toko a lease of the racehorse Revelation for a period of two vears, the conditions being that bankrupt should pay all fees and give the owner n percentage of the horse's winnings. Eventually the horse broke down, the bankrupt having spent £53 for training. Mr. Barakat subsequently suod for alleged deterioration m the value of the horse and for the profits that the horse might have won had lie raced, obtaining judgment for £91 7s 10(1.
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Bibliographic details
New Zealand Herald, Volume LV, Issue 16798, 14 March 1918, Page 6
Word Count
176BANKRUPT HAIRDRESSER. New Zealand Herald, Volume LV, Issue 16798, 14 March 1918, Page 6
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