Birmingham County Court: Yesterday: Before His Honour Judge Chalmers: … In re: Thomas Smith & Sons, bicycle makers, Saltley: Public examination: Debts, £14,481; assets, £7,009. … (discussion) … The Registrar said he had been looking down the statement and it appeared that £8,500 liabilities had been contracted this year: Mr. Hyam: And mostly in the last three or four months: Mr. Pinsent (who appeared for the debtors) said that would go to substantiate that the debtors were in a solvent position up to the time mentioned. The witness, in reply to Mr. Pinsent, said the concern was a large one. The examination was ultimately adjourned for a week.
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Referenced
GROxxxx Devonport