MOCK BANKRUPTCY

New Zealand Herald, Volume LXX, Issue 21480, 2 May 1933, Page 15

MOCK BANKRUPTCY

MEETING OF "CREDITORS" TRAINING FOR STUDENTS A meeting that was claimed by the promoters to be a fair sample of many meetings of creditors was held by members of the Canterbury College Commerce and Law Students' Societies last week. An imaginary debtor, Solomon McTavish, was charged by his creditors with having committed all but two acts of bankruptcy. His insolvency was said to be the result of extravagant living, evidence being brought to'show that he had contracted a deist of £7O for cigarettes and tobacco and another £l5O, described as "golf subscriptions." The debtor pleaded that he had goods to sell, was willing to sell anything, but could sell nothing. He was not extravagant but was generous by nature. He asked for relief so that he might start afresh; he would endeavour to curtail his wife's expenditure and would prove himself a successful business man. The meeting, in spite of its humorous features, wag not held as an entertainment, but as practical training for the students in their professions.