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Aberdare Bankrtiptcy Court.\

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Aberdare Bankrtiptcy Court. MONDAY—Before Mr. Rees "Williams (registrar) and Mr. Ellis Owen (official receiver). MOTTNTAIN ASH TOBACCONIST'S FAILURE. The first debtor examined was Chas. Oeppen, hairdresser and tobacconist, Ox- ford-street, Mountain Ash. His state- ment of affairs showed a deficiency of £ 222 15s. Id. He had obtained a loan of £ 200 on the lease of the shop, but he estimated the lease to be not worth more than < £ 100. Thie would increase his de- ficiency to = £ 322. He paid £ 60 rent per annum. He considered this very high. The receiving order was made on the petition of a creditor, after he had exe- cuted a deed of assignment. He had only £ 7 or £ 8 capital when he started busi- ness in January, 1908. He expended t70 or £ 80 in fitting up the shop. He paid these accounts by instalments. He also bought some fittings from his sister, valae S,25, but he had only paid t5 therefor. Goods were obtained on credit, and he had never had any difficulty in obtaining them. He kept a saloon in connection with the shop. He paid the hairdresser 28s. a week and a boy 6s. 6d. He lost money on this department, the receipts only averaging about 28s. a week. In August, 1909, he removed to another shop in Oxford-street. He was aware that he was insolvent before he removed, but he thought that trade would improve. He attended to his business from 9.30 a.m. till 10 at night, and did not neglect it in any way. He had obtained an overdraft at the bank, and when the Bank began to press him he obtained the loan of £120 from a relative of his wife. He had a subsequent loan of £ 80 from the same. person, and the only security he gave was the lease of the shop, for which he had not paid anything. The Official Receiver asked debtor if he had intended to fall back for help on this person ? Debtor: Not exactly. Official Receiver: Had you any expecta- tions P Debtor: She offered to lend me the money. Official Receiver: Did you give her any idea as to the value of the lease? Debtor: She had her solicitor. He was next questioned regarding several debts which he had recently con- tracted, and was asked what expectations he had of paying these. Debtor replied that he expected things would get better. The chief reasons why he had failed were that the rent was too high; insufficient capital, and no profit on the stuff he was selling. In reply to further questions, he said that he had had no experience in buying prior to entering business on his own behalf. He gave no credit. Official Receiver: Did you give stuff away to customers? Debtor: Not ad; lib. Official Receiver: How much did you give away ? Debtor: When a new brand of cigar or cigarette came out I would offer one to a customer to try, but I would not give one to every Tom, Dick and Harry. (Laugh- ter.) The debtor was represented by a clerk from Mr. Gwilym Jones' Office, Mountain Ash, and the examination was closed sub- ject to the accounts being amended. FOUR "BOOKIES" IN ABERDARE. A LOCAL DEBTOR'S ADMISSIONS. George E. Lewis, butcher, Cardiff-road, Aberdare, was examined next. His state- ment of affairs showed gross liabilities .£417 4s. 2d.; assets, £ 22 17s. 7d.; defici- ency, JJ394 17s. 7d. Debtor said that his business was most- ly cash. He gave very little credit. He started business 12 years ago. He was 38 years of age. He had kept a stall at Aberdare Market. In April, 1906, he opened a shop in Trevor-street, Aberdare, and in July, 1909, he opened another place at 17, Cardiff-road. He gave up the Trevor-street shop shortly after he opened at Cardiff-road. Prior to commencing business he was a slaughter-man. He slaughtered now occasionally, and did all the slaughtering for his own business. He bought a good deal of meat from deal- ers in Birkenhead and other places. He kept a ledger and a day book. Official Receiver: You also kept another useful book when you started business. Debtor: Yes, it was a case of a new broom sweeping clean. O.R.: Why did you discontinue keeping this book? Debtor: Neglect, I suppose. I got into bad habits. Debtor f.aid he started a banking ac- count in 1906, but closed the account soon afterwards. He knew some years ago that he was in difficulties, but he did not stop trading because he expected the business to increase. Things had been bad for 2 years, especially since the Eight Hours Act came into operation. He thought that things would readjust themselves 5n time, and that colliers would be able to earn more money. Last June he contracted a debt of .£36 from John Davies and Son. He was pressed for this money by M sssrs. Davies and Son. O.R.: No wonder. The moment a man finds he is insolvent he should inform his creditors whose money he is using. Debtor: It is quite as much the fault of the creditors as of the debtor. Thay always pushed stuff on me. O.R.: The creditors are not here, and it is you are seeking relief. Debtor was next questioned regarding betting transactions, and whether he con- ducted these as he did his business. '1.< J.il \.ö r'" n Through whom did you carry on Letting? Through a "Bookie" in Aberdare. O.R.: What name? No answer. O.R.: You don't care about giving his name? I will give it if you want it. ■O.R.: Is there more than one ? There are 3 or 4 "Bookies" in Aber- dare to my knowledge. I have had deal- ings with each one. O.R.: How often did you bet? Once or twice a week. O.R.: How much? A shilling or two at a time, but never more than 5s. O.R.: Where did you meet these people ? On the street, or I would send a slip of paper by somebody else. O.R.: Was there much public-house business in it No. O.R. How much time did you spend in the public-house ? Very little I did not drink any b ardly. O.R.: How long have you been betting? Ever since X was a boy. O.R.: If you could have all the money you put on the wrong horses you would be able to pay your creditors? No, I do not think. O.R.: You spent a good deal of your time in looking up sporting papers. Yes, but I did not neglect my business. O.R.: Is not betting one uf the causes of your failure? I can't say it is. O.R.: I have no sympathy with a man who spends money in this way when he cannot really afford it. Debtor- I only did it occasionally. Debtor went on to say that he had suffered from rheumatism from time to time, and was obliged to employ another man to do his work. He had made little profit on meat. He lost every week. He owed about £160 to Mrs. Evans, Duke- street. This was only an estimate, be- cause he could never have a reliable bill from her. He could not make "head or tail out of her bills. Registrar: You should keep an accoSStt of your own so that you might be able to check the bills. Debtor attributed his failure to high rents and household expenses. He had a wife and three children, and he kept a domestic servant. He paid 13s. a month for the loan of fixtures in his present shop. O.R.: In the name of conscience is that a reasonable thing? Debetor: I should say it was very un- reasonable, but it was only on those con- ditions that I could obtain the shop. The Official Receiver adjourned the ej animation. Debtor was represented by Mr. T. Marchant Harris, from the office of Mr. W. Thomas.

A Shock—and After

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Glyn Neath Notes.

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Fashionable Wedding.

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-_--WORKMEN'S HALL, ABERCYNON.

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