Bankruptcy
Date | 3 September 1936 |
Place | Torquay, Torbay, Devon, England |
Source References
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Torquay Times and South Devon Advertiser
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- Date: 11 September 1936
- Page: Page 9
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Citation:
GOLFERS WHO GIVE UP.
Local Professional on His Failure.
A total deficiency of £199 11s. was revealed at the public examination at Torquay on Thursday last week of William Henry Franks, aged 35, of 10 Garston Avenue, Newton Abbot, formely trading as a golf professional at the Stover (Newton Abbot) Golf Club.
Debtor, in reply to Mr. J. F. Allen (for the Official Receiver) said he was apprenticed to the golfing professional at the Torquay and South Devon Club in 1915, and after a time went into the "shop." In April, 1931, he went to the Stover Club, where he was paid 30s. a week, a retaining fee, and was able to take tuition fees and sell accessories in the shop, on which he had all the profits.
When he began he had no capital except £60 from his brother. He had banked this and had repaid none of it. For a time he did quite well. Then trade fell off, as a number of people started golf, and, finding they were unable to do much at it, gave it up. The winter of 1935-6 was a bad one, and when he filed his petition his sole cash in hand was £13.
He agreed that by carrying on for the last twelve months he had increased his deficiency by £126 7s. 3d., but said that he had carried on in the hope that the present summer would be more satisfactory.
The examination was then closed.
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