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"Mr Abbot appeared to oppose the certificate in this case. The bankrupt had traded for a period of more than two years and had made no profit at all. It was an extraordinary case. the bankrupt, in March 1858, commenced with a capital of £250. His trade expensed from that period amounted to £300, and his private expenses to £193. His losses were put down at £205. At the time of his bankruptcy he was indebted in the sum of £609. His property, under the bankruptcy, was sold for £130, and his good debts were estimated at £4 15s. The bankrupt said that he had held a situation for twenty years, and had unfortunately gone into trade, entrusting his first purchase of goods, to the amount of £200, to a cousin, who had bought in a dear market. The consequence was that he had been obliged to sell goods under cost price, and he had never been able to recover himself, although he hoped to have had assistance from his friends. His Honour considered that the bankrupt had made several serious mistakes, but he saw nothing to impugn his character as an honest man. Let, therefore, the certificate be awarded of the second class, after a suspension for one month, with protection."
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