BANKRUPTCY.

Auckland Star, Volume XX, Issue 56, 7 March 1889, Page 5

BANKRUPTCY.

Robert William Brown, horse-trainer, of Cambridge, VVaikato, has tiled a petition to be adjudged a badkrupb. . Rom-kt Daniel Gilks.—This bankrupt made a sworn statement before the Official Assignee to-day. He stated that he had been m business as a bubcher for the last sixteen years. For eleven years he occupied one of the Market shops, and bhen took a fifteen year lease of at'lotmenb in Market Bquare, and built a shop at a cost of £470. £300 of this amount were borrowed on security of the place at 8 per cent, on £200 and 10 per cent on £100, which with a ground rent of 20s made his weekly payments 30s. He paid his way for a few months, but business steadily srew worse and he filed to avoid being sent, to gaol for non - payment of debts. He does not consider the lease of any value to his creditors. His unsecured debts amount to £409 13s od, and assets consist of the book debts, £226 5s 3d (estimated to be worth £10), a credit balandfe of 4s in the bank, and 30 shares in a local company which cosb £30, now of doubtful value. Household furniture belongs bo the debtor's wife.