HECTOR GRAY'S BANKRUPTCY.

Shannon News, 6 September 1929, Page 3

HECTOR GRAY'S BANKRUPTCY.

DISCHARGE GRANTED. "I suppose the real trouble was that he thought he could farm as well as he could ride,' ' observed the Chief Justice, the Hon. M. Myers, in the Supreme Court in New Plymouth, when granting Hector Gray his discharge .from bankruptcy. ' On behalf of Gray, counsel said that he had beeu surprised ac the recommendation of the Deputy Official „s ; sigiieo- at the conclusion of his report ,th;:t Gray shoui'j submit i statement of receipts and o.pendihira over a period of three years befora his bankruptcy. It was not in accordance with his custom to make such a request, and it was difficult thing to comply with. The'bankruptcy had occurred two and a half years ago, and there had been only one meeting of creditors, when an apparently favourable view hed been taken. "One creditor counsel had communicated with seemed to hope that the discharge would be granted. Gray had nothing now and, his racing disqualification having been removed, he was trying make a fresh start. "This man'was a most successful jockev, and he must have made thousands "of pounds," said the Deputy Official Assignee, in answer to His Honour. He added that Gray had kept no books. He had been asked for a statement.

His Honour said he thought it was fair to give the man another chance in life, espceiallv as the creditors were not unfavourably disposed in that direction.