CHEMIST'S FAILURE.
CROWN PROSECUTOR INVOKED.
(fer Press Association.) WELLINGTON, April 9. An adjourned l meeting of creditors in the bankrupt estate of Percival Cecil Fraser, chemist, of Kilbirnie, was held ibo-day. The previous meeting had been "adjourned to enable a report to be obtained from a public accountant on bankrupt's books and business. After the accountant's report had been read, the Official Assignee asked Eraser why he had not kept a record of his transactions since August.
Bankrupt replied that he was not receiving much money during that time and was paying cash for all goods received.
' The Official Assignee commented that a lot of bankrupt's money had "gone west." It ! had not gone to the creditors and they wanted to know where it had gone. The position was most unsatisfactory. In the speaker's opinion the case should be submitted to the Crown Prosecutor to see whether further steps should be taken under the Bankruptcy Act: He proposed to take that course. The meeting then adjourned.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AG19300410.2.72
Bibliographic details
Ashburton Guardian, Volume 50, Issue 153, 10 April 1930, Page 6
Word Count
166CHEMIST'S FAILURE. Ashburton Guardian, Volume 50, Issue 153, 10 April 1930, Page 6
Using This Item
Ashburton Guardian Ltd is the copyright owner for the Ashburton Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Ashburton Guardian Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in