A CAFE-KEEPER'S FAILURE.

Auckland Star, Volume XXXIX, Issue 233, 29 September 1908, Page 2

A CAFE-KEEPER'S FAILURE.

THE BANKRUPT'S STAT___ENT,

I Thomas KJug, an Auckland restaurantI keeper, who filed a petition in bankruptcy on the 24th inst., and the first meeting o fcreditors in whose estate is to be held lon October '_, has made a statement that he took over the Strand Cafe in April, 1907, prior to which time he had not had difficulty in meeting his engagement-.. This cafe proved to be a very bad investment, through so many other places opening in Queen.uect and dividing the trade. He was put to expense through moving his bakery from _ onsonby-road to the Great North-r_ad. He had a very bad run of bread, his output .decreasing _heit he expected an increase. Being unable to sell out of the cafe, he had to to carry on at a loss. On July 4 he called a private meeting of his creditors, and placed his position before them. There were contracts for £ 1200 worth of work awaiting his signature, and the creditors accepted an offer that he should carry them through. This he had done without .enumeration. The business had since been carried on under two supervisors. At a subsequent meeting he had promised to pay 10/ in the £, but through sickness he had been unable to keep his word. A Southern creditor had obtained judgment against him, and had put the same into execution. He had filed to protect his other creditors.