MR J. HAMLET’S AFFAIRS.

Star (Christchurch), Issue 16908, 6 December 1922, Page 7

MR J. HAMLET’S AFFAIRS.

— » — DISCHARGE IN BANKRUPTCY. His Honor the Chief Justice, in bankruptcy in the Supreme Court to day, granted Mr Joseph Hamlet’s discharge. after some discussion with Air Hamlet’s lawyer, Air R. Twyneham. When Mr Twyneham applied for 1 the discharge his Honor said: “ It seems a rather extraordinary case, you know.” * Air Twyneham said that Air Hamlet had suffered enormous losses, and all liis assets were tied up in his company. His Honor said that debtor, apparently. had had £14.000 m £1 shares, but it seemed to have vanished, very little going to tho creditors. Debtor’s income in 1921 was £4OOO. Air Twyneham. in reply to a remark by hi.< Honor, said th>lt there had been big booms in the motor business, in which d’ebtor was engaged. i-lis Honor: If he’s a wise man. he must have known that things were not going to last at such high rates, ami he should have Kept- some money in hand. Air Twvneham : He certainly should have known. His Honor; It’s not two months since he became bankrupt. The only thing T notice is that the term for the receipt of proofs will not expire until December 10. Was it advertised ? Mr Twyneham : Yes, in two newspapers. instead of in only one. His Honor: Tt’s only fifteen days ago, you see, since the advertisement appeared. Mr Twyneham : Practically every creditor lives in Christchurch: there are only two exceptions. Hie Official Assignee I)** all the assets in his hands. His Honor: Tl the creditors won’t look after their business, it’s not the Court’s duty to do it. The discharge is granted. It's a very quick discharge. All T can say is that if the creditors allow it to go on. its their business.