CURATES BORROWINGS.

Clutha Leader, Volume XL, Issue 44, 2 December 1913, Page 1

CURATES BORROWINGS.

BEACH OR PROMISE. Rev. .John Williams, a eurato of Flint, in Chester Bankruptcy Court attributed his failure to his entering into an arrangement in li)()-"> to pay L"2IM) to a lady for a breach of promise of marriage and to borrowing from moneylenders at excessive interest. His gross liabilities were stated to be JEM Hi and the deficiency £!M"i. The debtor stated, that with regard to the £2OO he agreed to nay £5 a quarter and had pi\id £l6O. He married shortly afterwards, as did also the lady. He incurred further liabilities by furnishing on the instalment system. He began borrowing in 1907 and had had dealings with no fewer than 14. money lenders. The average interest paid was from 40 to 60 per cent. Questioned about the money-lenders, the debtor stated that "they were very nice people: to deal with, tut their in* tercst was v«t*y high."