An extraordinary state of affairs (says a Melbourne paper) was disclosed in the Insolvent Court during the examination of G. P. Watson, a furniture dealer, of Prahron. He stated that the real reason of his inability to meet his engagements was his passion for betting on horses. One year he was fortunate enough to draw a prize for £240 in Miller’s sweep, and he was unable to sever his connection with the turf afterwards. He acquired habits of intoxication, and was usually in such a muddled condition that he was unable to attend to his business ; the result, as might be expected, being insolvency. His total deficiency, including the capital with which he started, was £550, and yet his bad debts only amounted to £25, the difference being accounted for by losses in betting and neglect of business. The manner in which the insolvent gave his evidence was severely commented upon by Hie Honor Judge Noel.
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Poverty Bay Standard, Volume X, Issue 1077, 23 May 1882, Page 4
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156Untitled Poverty Bay Standard, Volume X, Issue 1077, 23 May 1882, Page 4
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