Plausible Chinese Plunges Into Debt

Sun (Auckland), Volume III, Issue 635, 11 April 1929, Page 1

Plausible Chinese Plunges Into Debt

POSfcD AS OXFORD MAN DRESSED LIKE MANDARIN Press Association DUNEDIN, To-day. How a Chinese had secured credit to the extent of some £4OO, which Dunedin business men will lose, was revealed to-day. At a creditor’s meeting of William Quan, a Chinese storekeeper, bankrupt’s assets were shown at £l2, and the amount owing to unsecured creditors at £4OO. He had been in business only three months. The assignee remarked it was strange that a man should get so much credit in such a short time. Counsel for a creditor said that bankrupt represented himself as an Oxford man and a member of a London club. He said he had 13 shops in the North Island, and produced references which, however, belonged to his father. Bankrupt told creditors that his father was a retired merchant residing in Auckland and that he had sent him to Dunedin to purchase goods. He had stayed at an hotel with a woman, a child and its nurse, and came to dinner in great style, “like a mandarin.” A resolution was passed that the assignee communicate with the Crown Prosecutor, with a view to criminal investigation.