CONTRACTING DEBTS.

Timaru Herald, Volume CXXV, Issue 18489, 10 February 1930, Page 13

CONTRACTING DEBTS.

CHARGES AGAINST SHAREMILKER. By Telegraph—Pres* Association. GISBORNE, February 8. “There is a great deal too much of this all over New Zealand,” said Mr Harper, S.M., in the Magistrate’s Court yesterday, when convicting Richard Galyer, a bankrupt sharemilker, on two charges of obtaining credit at a time when he had no reasonable or probable expectation of being able to pay the debts. “These men get into a hopeless position,” he said, “and carry on without any hope of being able to pay their debts, in fact, their actions amount to obtaining goods by false pretences: It seems to me a pity that more information is not laid on the requirements of the Bankruptcy Act, which must be respected.” The Magistrate said that in October, 1928, Galyer’s debts amounted to £249. The defence made a great fuss about £75, which he expected to receive, and £69 which he actually received, but it seemed very suspicious that he spent the whole of the £69 in purchasing large quantities of stores from persons with whom he had not dealt before.

Accused was ordered to come up for sentence if called on within three months.

The Magistrate dismissed charges against Galyer of obtaining credit for £IOO without disclosing the fact that he was an undischarged bankrupt, and disposing of other than by sale in the ordinary way of trade, a milking plant, payments on which he had not completed.