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COUNTY CRICKET.

CYCLING NOTES.

THE FAILURE OF A vVELSH FARMER.

Newyddion
Dyfynnu
Rhannu

THE FAILURE OF A vVELSH FARMER. Mr Henry Jones, farmer and cattle dealer, of Sutton, came up for his adjourned public examina- tion 111 bankruptcy at the May sitting of the West Kent (Rochester) Bankruptcy Court. Particulars of the failure appeared in our columns 011 May 2nd. Mr Jones,- who has for nrar/y years carried on an extensive business in Shropshire and Wales a& a farmer and horse dealer, failed with gross liabilities amounting to £ 7,61 o 16s lid, and an estimated deficiency of £ 923 6s 'id. It will be remembered that he came to Kent early in 1895 to acquire a farm for his son, and not being satisfied with the agricultural outlook in the South of England he purchased the Albion Cement Works at Greenhithe for £ 5,000. Debtor, who was legally represented by Mr Watts, solicitor, Was not questioned re- specting the negociation with respect to the pur- chase by him and his subsequent sale of the Cement Works to Messrs Rosher and Co. He said that he was not aware that there was any written agree- ment between himself and Messrs Rosher and Co, and ho did not consult a solictor, the negociations being conducted by a Mr Harris. Debtor, however, could not explain in detail the negociations and admitted that he himself had never seen Rosher and Co. Harris told him that he had a customer for the works and mentioned the name. The pur- chase money was to be £ 7,000; C4,500 paid down and the remainder taksu out in debenture stock and shares. No deposit was ever paid and after two months' negociations Messrs Itosher and Co. decided to take the works on Doc. 16,1895. Daring the progress of the negociations the business was coutiuued. Mr Jones was questioned at some leqgth respecting the provision of new machinery for the works and he said that Harris had led him to suppose that it was in consequence of the deficiency of machinery that the cost of the production of cement was larger than he originally calculated it would be. He (Harris) also stated that he was not aware the machinery was it., such a dilapidated state.—The Official Receiver Bnt had he not inspected the works with a view of advising you how much you ought to give for them ? —Debtor I understood so. I had a valuation from a Mr Goo(lall.-Yoii deposited a life policy in the North and South Wales Bank. What were the circumstances under which you deposited that policy r-That I might have an overdraft to the extent of £ 500.—What was that for ;For any- thing I liked to use it for.—Did you overdraw to that extent?—Yes.—-How much of that amount do you think went to the works?— £ 61 to meet a bill. VH, there not sufficient money in the works to meet that bilt ?--It was in Mr Earnshaw's hands.— Your wife claims the furniture; did it ever belong to you ?—No.—Further examined, Mr Jones said that before the negociations with Roster and Co. were commenced he knew that the works were go- ing wrong and lie gave instructions to sell them so that the creditors might be paid. With respect to a pavme't of £ 2o J made by debtor to Earnsh uv Mr Jones said that Earnshaw said lie could not c;ntinuc negocicttions without payment, and he (deb'or) signed the paper agreeing that lie should have £ 250. The paper was signed one evening in London and at the time debtor was in a hurry to eaten a train.—This concluding the case, the public examination was declared closed. —

CORONATION OF THE CZAR. -----

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