SUPREME COURT.
IN BANKRUPTCY. His Honor Air Justice Adams &at at the Supreme Court to-day. , IN BANKRUPTCY. An application for discharge* from bankruptcy was made by Charles Edward North, for whom Air V . S. Thomas appeared. Mr A. 1. Donnelly appeared for the Official Assignee. Counsel for applicant stated that bankrupt hud beeu in partnership with a man named Shaw, who was *m expert in the vulcanising rubber business. The business was run under tlie title of the North Shaw Rubber Company. Shaw, by his depredations under the penal clause of the Bankruptcy Act, had played with the firm’s finances, and had received, as a result, six months imprisonment. Shaw was the culprit, and debtor owed his present position to Shaw. There were only two existing claims arising from the partnership, by the Dunlop Rubber Company and the Barnett Glass Rubber Company, representing in all, Charles Edward North, bankrupt, in evidence, stated 1 that in 1914, when he went to Mount Pleasant, be borrowed about £430 from bis mother-in-law. and amounts from other people. When he sold out of Mount Pleasant he had about £SOO. Mr Donnelly said that the facts were practically as Air Thomas had set forth, but North was undoubtedly responsible, an bis accounts showed that he had divested himself of some of the assets. There were only two claims, and by tbe time the... matter was finally adjusted debtor would only hare to pay about £2OO. North was cross-examined by Mr Donnelly at length. His Honor suggested Hint 7 s 6d might be paid in the ■£. and granted an. order for discharge, conditional on North accepting payment against him for £BO. Debtor, he said, must bear some of the hardship
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https://paperspast.natlib.govt.nz/newspapers/TS19211019.2.78
Bibliographic details
Star (Christchurch), Issue 16559, 19 October 1921, Page 8
Word Count
284SUPREME COURT. Star (Christchurch), Issue 16559, 19 October 1921, Page 8
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