Licence Holder’s Failure - “They Don’t Drink Much Beer At Rushden”
Robert William Nelson, grocer and beer retailer, 2, Bedford-road, Rushden, came up at the Northampton Bankruptcy Court on Friday last for his public examination.
The gross liabilities were £2?7 11s 11d., with £216 9s 9d, expected to rank for dividend. The assets were nil, so that the unsecured liabilities represented the amount of the deficiency.
Mr. C.J. Coales (Kettering) appeared for the debtor.
The Registrar : This bankruptcy is not the direct result of the Licensing Bill, is it? (Laughter.)
The Official Receiver suggested that it might be put under the head of anticipations, perhaps.
Debtor attributed his insolvency to bad trade. He said he only had
A Few Shillings Capital
when he arrived in Rushden in October 1906. In fact, he was insolvent then, after running a tobacconist and hairdresser’s business in Burton Latimer for eleven years. He had kept no books of accounts, and admitted that he had no ground for expecting to pay the creditors he added to his list at Rushden, unless the licensed house he took proved a good speculation. But it was not what he hoped it would be.
The Registrar : They did not drink as much beer at Rushden as you thought?
The examination was closed.