RASH TRADING

Gisborne Times, Volume XIX, Issue 1676, 17 February 1906, Page 2

RASH TRADING

OPERATIONS OF UNDISCHARGED BANKRUPT. ’(Per Press Association.) ? p ,„ - r Auc kland, last night. 3 Tt caD k Horiot Lamg was oharged at the j Police Court to day with having oon- | ' rM ‘" d “ number of debts with various - Auckland business firms while etill an un i diEcharged bankrupt, aud also with i mg contributed to his bankruptoy by rash and hazardous speculation and gambling Tho Official Asßigaoe Baid ho had oxatniced the accused’s books, and found that his unsecured liabilities were £IOO9, there being £435 outstanding for creditor's who had D ot proved so far. It was a difficult thmg to assert the value of assets, but he was inclined to put them down as under ±2O. The oarniDgs appeared to have been" " in the gross about ±llsO since June last i and his capital at the start was on hiR statement (although it did not appear on The dtfioienoy amounted to ±934, and tho total amount for whioh bo had to aooount was ±2284. Bv wav bus ness travelling expenses, cto., he ao couniod vaguely for LSBO. He further accounted for private and household ex, penees for LBBO, leaving L 1824 unan oounted for. A written oonfujsion of tho offenoes made by aooused was put in and u? r, od « Builty - o Aooußtd ™ comma; »ed ta the Supremo Court fot sentence,