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Hay and Straw Dealer's Affairs - 1905

Loughborough Herald - 28th September 1905

Re Ernest Henry Ward, residing at Mansfield Avenue, Quorn and carrying on business at Meeting Street, Quorn as a hay and straw dealer. A summary of debtor's statement of affairs shows unsecured liabilities £219 10s 8d., and assets £151 15s 10d., leaving a deficit of £67 14s 10d. Bankrupt alleges as the cause of failure "Insufficient capital and paying too high a price for forage".

The Official Receiver says the bankrupt has only been in business for three years. He was formerly a groom, and served with the Yeomanry in South Africa for a year before starting for himself. He says he began with a capital of £300, and it is no at present at all clear in what way the money has been lost, but it is probable that he has lost money from the first. When the receiving order was made, two creditors had recovered judgment, and the bankrupt's goods had been taken in execution at the suit of one of them.

Submitted on: 2012-11-13 Submitted by: Kathryn Paterson Artefact ID: 1708 Print: View artefact in printer-friendly page