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w-REASON FOR FAILURE.1

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w- REASON FOR FAILURE.1 PORT TALBOT-MINERAL WATER FIRM'S BANKRUPTCY. At Neath Bankruptcy Court on Tues- r. hfore Mr. Registrar Charle, Wil- "?ai Hardee, trading, as William Hardee ,?ons 28, Morgan-terrace, Port Tal- "?, mineral water manufacturer and tOllaec,oni,.e.t, lately carrying on business 2, Court land-terrace, Port Talbot, al- L'god an the causes of his failure keen ^nipetition and consequent loss of busi- IHs, and heavy interest on borrowed tooney." Mis liabilities amounted to <■•353 12s. 10d., and deficiency to £ 15.51 17s. bd. h He tolrl the Court that for 40 years he all been a colliery clerk, leaving that Pupation when the Morfa Colliery Closed down. In 1910 lie borrowed money on, his house by mortgage, and with a £100 capital went into the mineral Wattr business, of which he had had no Previous experience. Purchasing second hand plant for £ 35 from Mr. James rvston, he carried on this. btnesg for soiiV5 years, but always at a loss. The aver»gp takings were only £4 weekly, and all this was swallowed tip in expenses. On October 11th he purchased the tobacconist business in Courtland-terrace for £92. 11t neither did this prosper. Competi- tion became keener and rates and taxes higher. Then he had to sell to obviate further loss. The takings only averaged from £ 7 to £8 per week, and out of these his son, who managed business, received £1 weekly. He knew he was insolvent twelve months ago. The Official Receiver: Don't you think that you should have tiled your petition brig ago?—Yes. it would have been better for ma had I done so. There were 59, creditors against the tetate. The examination was adjourned. Mr. L. M. Thomas (Port Talbot) re- presented the debtor. Wound Up. 1 He D. G. Jones, Baglan, builder and contractor.—The adjourned examination of this debtor occupied little time. Re- Presented by Mr. James Revel I. debtor said in answer to the Official Receiver that the deficiency, after the estate of timeelf and his deceased partner, Mr. G. B. Thomas, had been wound up, amounted to S126 76. 2d.—The case was closed. Insufficient Wages. Re Edward Mizen, 33, Arthur-street, Aberavone labourer.—Debtor faid the causes of his failure were illness and dealtil of wife; large family; inefficient ^ages." flis liabilities were £ 109 17B. W.. and deficiency £ 99 17s. 2d.-The ex- amination was adjourned. 4

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