BANKRUPT IN COURT

Sun (Auckland), Volume III, Issue 892, 8 February 1930, Page 1

BANKRUPT IN COURT

S.M.’S SEVERE STRICTURES “OBTAINED CREDIT” Ptess Association GISBORNE, Today. “There is a great deal too much of this all over New Zealand," said Mr. P. H. Harper, S.M., in the Magistrate’s ■Court yesterday, wfieri convicting Richard Galyer, a bankrupt sharemilker, on two charges of obtaining credit at a time when he had no reasonable or probable expectation of being able to pay his debts. “These men get into a hopeless position," he said, “and carry on without any hope of being able to pay their debts. In fact, their actions amount to obtaining goods by false pretences. It seems to me a pity that more informations are not laid. The requirements of the Bankruptcy Act must be respected."

1 nTi 10 8 m , a^^s * :ra^:e said that in October, rn\t' 9 ’ <f aI y er ’ s debts amounted to £249. e l e r£ ce , h . a ? ma de a great fuss about £75 which he expected to receive, and £69 which he actually rebut it: seemed very suspicious that he spent the whole of the £69 in purchasing large quantities of stores from persons with whom he had not dealt before. Accused was ordered to come up for sentence if called upon within three months.

The magistrate dismissed the charges against Galyer of obtaining credit for £IOO without disclosing the fact that he was an. undischarged bankrupt and disposing of, other than by sale in the ordinary way, a trade milking plant, the payments on which he had not completed.