BANKRUPTCY OF LORD LOFTUS.
[SPECIAL TO I'EKSS ASSOCIATION.]
London, November 11
The gross liabilities of Lord Augustus Loftus amount to £02,400, of which is fully secured. . £49,000 of the debts are secured to the extent of ;£l 5,700. The assets are nil, excepting pension and insurance policies, and £30,000 interest under his marriage settlement, worth £500 a year. He also possesses many shares in Parncll's Pyrites Patent Company. The principal unsecured creditors in Sydney are tlie City Bank, £1,170; F. Soiners, £900 j Marquis, Coutts, and Co., partly secured, £31,000 ; Lady Loftus, fully secured, £2,200. Lord Loftus attributes his failure to his income being inadequate as >;npared with the duties he had to fulfil.' It is believed that offers of composition have been made, but as to the amount nothing is known. The only free asset is his pension, which it is understood the creditors cannot touch.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS18871114.2.7.13
Bibliographic details
Auckland Star, Volume XVIII, Issue 268, 14 November 1887, Page 3
Word Count
147BANKRUPTCY OF LORD LOFTUS. Auckland Star, Volume XVIII, Issue 268, 14 November 1887, Page 3
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in