Cambridge Independent Press 16 Oct 1903: Mr Rich lent money to bankrupt

LIVERY STABLE KEEPER’S FAILURE

Inundated with Summonses and Writs

Considerable interest was shown at the Cambridge Bankruptcy Court, on Wednesday morning, in the affairs of Arthur Balding, of Old Shardelows (Fulbourn) formerly a livery stable keeper in St. Tibb’s Row (Cambridge) who appeared before the Registrar (Mr J.F.Eaden) for his public examination.

…

A Curious “Sale.”

With regard to four horses which debtor said he sold in March to Mr. Rich, of Trumpington, he explained that he borrowed £100 from Mr. Rich, and sold him a pony for £40 and a trap for £20, leaving £40 unpaid.. There were four horses in the stable, and Mr. Rich told him to try and sell them and then repay him.

The Registrar: That is what you call a sale to Mr. Rich.

Debtor replied in the affirmative, and went on to say that later Mr. Rich came and asked after the horses. Debtor said he had not sold them, and Mr. Rich then said that he would have them away, and whatever he made over the £40 he would transfer to the bankrupt. Debtor charged him nothing for keep. The horses were taken to Trumpington.

The Official Receiver intimated that Mr. Rich had handed the four horses over to him.

The bankrupt then gave evidence relating to the sale of two horses named The Coon and Hobnob to Messrs Burton and Thompson respectively . . .