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LUXURIES AND DEBT, -0

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LUXURIES AND DEBT, -0 CARDIFFIAN'S DISHONOURED CHEQUES. HORSE DEALER'S BANKRUPTCY. Remarkable admissions were made by Thomas Redman, a horse dealer, of 70, Neville- street, Cardiff, in his public examination at the Cardiff Bankruptcy Court on Tuesday, before the Registrar (Air Harry Cousins). Replying to the Official Receiver (Mr George David), who was the trustee for the creditors, the debtor said he had been a horse dealer for about 15 years, starting in business with eight or nine horses which were given him -by his father. His liabilities now amounted to if,216, and assets £5, after deducting distrainable rent. He attributed his insolvency to bad luck, bad trade, competition of motor-cars, traction enginesand so on. He thought he first discovered his inability to pay his debts about the year 1909. The Official Receiver You have here liabili- ties since 1907 which you have not paid. I have a proof by Mr Harry Marks for £ 22, borrowed money. Why have you not repaid that money ? -He never asked me. Wo were very iriendly. Two rings from Messrs Kaiser and Son, icil 10s. What have you done with those ?-As far as I remember, they were pledged. Then there is a bill for F22 from a boot and shoe dealer ?—Possibly. And an account for fish supplied in 190&. You have apparently gone in for luxuries— salmon and sole, for instance. Have you paid for that ?—No. Your tailor recovered a judgment against you in 1907 for clothes ?-Yes. Then there is a draper's bill for JE48 not paid. Why did you go on incurring these debts 1-1 had hopes to be able to pay them. Did you last year go and stay at Weston- snper-Mare Y es. Was that in July ?—I think so. What means had you to justify that ?—My wife was ordered away by the doctor. What means had you 1-1 had a couple of horses at the time. Where did you stay ?—At a private board- ing house. Was it with a Mrs Frost !-Yes. Did you pay her account ?—Yes. Did you also stay at an hotel for about three weeks 1- Yes. Did you pay your account there ?—Yes. How ?-By cheques. And were those cheques dishonoured 7—Yes. Why were those cheques dishonoured I—I thought I had the means to meet them with. Was it the Imperial Hotel you stayed at Yes. Is there an amount of ê11 16s still due to the proprietors 1-1 think there is. I paid L5. At that time you had no money at your bank to meet your cheques I—I understood there was money there. 30 Guineas for Furs. Debtor further admitted that between the 13th July and the first week in August he issued cheques amounting to JE33 16s, all of which were dishonoured. He gave Messrs Lance and Lance a cheque fort3 4s 6d, which was dishonoured, but afterwards he found the money. He subsequently had further goods from them. What were they ?—Underwear, and a set of furs. What was the value of the furs ?—Thirty guineas. What has become of them ?—I sold them to Mr Isaacs, Wood-street, about Christmas time. What is Mr Isaacs ?-A pawnbroker. And what did you get for them ?— £ 14. You have not paid for these furs ?—No. Messrs Lance and Lance inform me that you promised to pay for these goods when they were delivered t—I did not. Do you mean to say that they allowed you to hare goods to this extent without any promise to pay ?—I didn't promise. Knowing your cheques were being dis- honoured, why did you incur this debt ?- Those cheques had been paid. No, they had not. They have not been paid to this day ?—I had every intention of paying them. Now this (holding up a packet) is a bundle of summonses and writs, the majority of which had been served upon you at that time.—I don't think about that time. Were there judgment summonses pending against you at the time you were away in Wes- ton ?—I wouldn't be sure. Had you in fact been in prison under some of them ?—Been in prison ? Never Orders of committal had been made ?-Yes. And you found the money afterwards'?—Yes. And had those orders for your committal been made prior to your incurring this debt with Messrs Lance and Lance ?—Yes, they had been. Now, I want to know where you supposed Sm were going to get the money from to pay essrs Lance and Lance t—Out of my business, as 1 had always done. Unkntwn Purchasers. What stock had you at that time t—I had three or- four horses in Cardiff. What became of them 1-1 disposed of them. To whom 1_1 can't say. They were adver- tised in the Echo." In whose name ?—I dont know that there would be any name. It might have been to apply to a house. I am sorry to say I don't believe a word you eay with regard to it.—I am sorry. I am an- swering to the best of my ability. Give me the name of any person to whom you sold either of these horses.—I can't. They were advertised in the Echo," and you get so many strangers coming in reply to the advertisements that you don't know them all. Answering further questions, debtor ad- mitted that his insolvency might have been partly due to drink, and that in a letter he wrote in January, 1909, he stated :—" There is only one thing to account for my present posi- tion, that is the drink." But he had other ■aaisfortuntes, such a3 illness. He had done Some betting ten years ago, but that had not continued ever since. Mr W. L. Yorath (who appeared for debtor): Notwithstanding that the Official Receiver does not put much faith in your answers, have you answered him to the best of Jour ability 1-1 have. Mr Yorath (to the Registrar) Upon that, our. I ask that the examination be closed. The examination was then formally closed.

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