The public examination of Albert Everatt, carrier, 59, High-street South, Rushden, took place on Tuesday at the Northampton Bankruptcy Court. The gross liabilities were £2,525 16s. 3d., of which £1,415 8s. 3d. was expected to rank against the estate for dividend. Assets were expected to produce £865 10s. 0d., leaving a deficiency of £549 18s. 3d.
Mr. Sellers (Messrs. Darnell and Price) represented the debtor.
Examined by Mr. Roe, debtor said he had been extensively engaged in catering businesses in London, and while so trading he bought a house and 14 acres of land at Rushden with the idea of growing vegetables for his restaurants. He sold out of catering and then started the Rushden and Smithfield Transport Co., but the carrying business was not successful, and the bailiffs took possession for rent of the premises in which the business was conducted. He had no lorries, but hired them. Before he began carrying, he was interested in a pig and poultry business, but that was not successful.
The Deputy Official Receiver remarked that debtor seemed to have lost on every job he took in the carrying business.
Debtor: I lost a contract, and I was anxious to get work and had to cut. It did not pay that way.
Further questioned, debtor said that while in business in London be bought a diamond stud and pin for £22. He believed he was justified in doing that because business was at that time very brisk, and he had taken up a position he desired to maintain. Twelve months later he had to pledge the stud and pin, and it had been pledged a second time since.
Mr. H. C. Palmer (Messrs. A. C. Palmer and Co.), the trustee of the estate, asked a few questions, and the case was adjourned to the next Court.