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BANKRUPTCY.

A MINE MANAGER'S AFFAIRS.

Arthur Herbert Sellon Sellon, mine manager of the Thames, has lodged a statement of his affairs before the official assignee. Sellon filed a petition in bankruptcy in February last. He states that his liabilities amount to £409 9/3 and assets nil. He states that he came to New Zealand from West Australia in March, 1902, to represent tbe interests of his uncle, Mr Y. S. Sellon, in the New Zealand Jubilee mine at Waitekauri, and the Fame and Fortune mine at Thames. He resided at Waitek'auri for some months, and was then appointed manager of the two mines named (in the absence of Mr Kersey Cooper in England) at a salary of £250 per year. After holding these positions for three years some slight friction arose between bankrupt and the Home directors, resulting in bankrupt's resignation. He was out of employment for 15 months, during which period his liabilities accumulated. He sought financial assistance from relatives at Home,-- but failed to obtain it. In the meantime he used every effort to get employment in bis profession as mining engineer, but also failed in this, and his liabilities went on increasing. In November, 1907, he was appointed manager of the Champion mine, at Neavesville, in the Tairua district, holding that position for 12 months, during whidh; period he liquidated his liabilities as i&r as possible. He found, however, that, owing to his long period of unemployment, he was unable to get ahead of his debts. About this time he was continually harassed by his creditors, who placed attachment orders on his salary, making it impossible for him to retain-his position. Certain creditors then issued judgment summonses against "him; and in the circumstances he Lad no alternative «ut to illfi. . A .meetiKie o£ credjtors -will "be lielcl on

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS19090317.2.22

Bibliographic details

BANKRUPTCY., Auckland Star, Volume XL, Issue 65, 17 March 1909

Word Count
301

BANKRUPTCY. Auckland Star, Volume XL, Issue 65, 17 March 1909

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