Debtor's Admission that He is Extravagant: Man Who Paid When He was Pressed Leslie E. Haynes, who, it will be recalled petitioned to be adjudged foankxupt, appeared before Mr.
King, 0.8, on Wednesday for public examination by the receiver, Mr. I, T. Morris, and any creditors who should desire to question him.
reply to questions by Mr Morris, Haynes said that at one time he was getting $800 per month, $400 while with the "Shanghai }"Mereury," and Tls. 250 per month from a weekly paper. His total liabilities amounted to Tls. 6376. He further remarked that he was not Jemployed at the moment, but he was living with friends. He had an offer lof $100 per month from a weekly Paper, which might materialize.
The Receiver:—Do you propose veying a portion of your liabilities lout of your salary?—I don't see how Tean.
Mr. King—In other words you are going to live on your friends.
Mr. Morris then intimated that Haynes hag not included three other lereditors, to which the latter replied that the compradore and batcher bad made mistakes in their accounts, the had not written them in. He also owed Mr. George Boyes $100 which borrowed more than two years An opportunity. was given other Jexeditors to question petitioner and /Mr. C, Shepherd asked him if he had larly other outstanding accounts, Haynes replying, that to the best Wag there any! [truth to the rumour that he owed a gentleman Tls. 5,0002—Yes, he had borrowed £544, but that had been wiped out, when he went bankrupt in London.
The Major Debt Haynes then went on to say that! the major part of his liabilities Jeame about through his connexion with the "Far Eastern Spectator," which hag been established by two Singapore Chinese, who later de-leaped. He was to receive one fourth of the profits and his duties consisted of writing a leading article Jonce weekly and general supervision: He had been adjudged a partner and 8 bill of more than $4,000 assessed against him. Then there way an account of $900, attorney's fees. Were these two items taken off, it Jeould be noted that he was. not heavily in debt.
Mr. Shepherd your salary of $800 was i: fai that you did not] ay some of your debts?—That ig difficult, question to answer.
The Magistrate:—But it has been asked.—Witness finally admitted he should have.
Mr. Shepherd:—How are you going +0 live now on $100 per mot you are not that class mant—I am agreement with you on that. Certai urties are hounding me and pul lly does not help me.
Not Tell that he realized his} financial difficulties in May 1925, After that, he said in reply to questions, that he told certain people: Jereditors, of his troubles, and to ed silent-see numerous items]
(the receiver's) of 1 and accounts at the Del]
did you tell the cafe manager [that you could aot pay—No.
And Mr. Sheriff, dig you tell him ast month when you borrowed $50?—Yes, I told him.
Mr. King:—During your good es, did you pay: off any debts, Haynes, how much and when?—A\ [proximately $800- When?—When T wag pressed.
Mr. King:—Mr. Haynes, you really never have lived on your salary—I am prepared to admi [that T am extravagant.
Mr. King:—It seems to me that it would have been a better policy +9 have paid off your creditors, when you had money and lived less extravagantly, when without funds. I note here that you have spent much for slothes, then you have been various places getting refreshment, Carlton, Del Monte, Welcome, Williams and to Mr. Shepherd's. And look at these poor Chinese creditors, Jas apart from the foreign, people }who have no chance of getting their money. Is it at all possible that
Text read from the printed page and cleaned; old type leaves the occasional error.