SIR THOS. BEECHAM’S INSOLVENCY
1 COMPOSITION WITH OF 10/. IN THE POUND (Published in The Times.) LONDON, July IT--Approving the offer of Sir Thomas Beecham, the conductor and composer, of a composition of 10s in the pound with his creditors, who are owed ,-£172,(507, i the registrar expressed the opinion | (hat Sir Thomas’ insolvency was due Ito unjustifiable extravagance and culpable neglect of his business af--1 ffiirs. Sir Thomas Beecham denied that Ihe had been extravagant. He attributed his position to his former insolvency, leaving contingent liabili(ies. losses ion grand opera, and also income tax cf £50.000, on which ho had failed in a claim for rebate, j after heavy losses on a £500,000 deal for the) promotion of a "com* nnny to buy trust property left by • his father. The composition necessitates the trustees of the settled estates raising £IOO,OOO.
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Stratford Evening Post, Volume I, Issue 499, 22 July 1932, Page 2
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141SIR THOS. BEECHAM’S INSOLVENCY Stratford Evening Post, Volume I, Issue 499, 22 July 1932, Page 2
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