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LIGHTBAND, ALLAN & CO.'S FAILURE

[Pik Pbbss Ahsooiatioit,] Ohristohukoh, June 7. The failure of one of oar largest, and best business firms, Messrs Llghtband, Allan and 00., is annonnoed. Since 1872 they have been engaged In larga 'trahsac'ions m the leather and grindery trade. The doors of tbe establisbment are not yet closed, but this is only left until the work at present m hand is finished. The total HabUlcfoa of the firm ape stated tc be £120,000, and the stoppage of work it most unfortunate as about 320 handt will be suddenly thrown out of employment, and the looal market for hides seriously effected. Tha assets are estimated at £130,000, showing a surplus of £10,000 The failure la due to extended ramifioatlons, which proved unsuocessfal. There is a probability of tbe factor; being resumed shortly, on a more condensed basi»-

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https://paperspast.natlib.govt.nz/newspapers/AG18890608.2.15

Bibliographic details

LIGHTBAND, ALLAN & CO.'S FAILURE, Ashburton Guardian, Volume VII, Issue 2146, 8 June 1889

Word Count
140

LIGHTBAND, ALLAN & CO.'S FAILURE Ashburton Guardian, Volume VII, Issue 2146, 8 June 1889

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