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BANKRUPTCY.

A memo from the Magistrate's office, Thames, has been received by the Official Assignee, stating that John Patterson, mine manager of Tairua, and James Milnes, tailor, of the Thames, have filed petitions in bankruptcy. Patterson states that he filed his petition in consequence of pressure from one of his creditors. His assets consist of a residence site at Tairua, upon which there is a billiard-room and table. The section is only worth a few pounds. The building cost £110 and the tabic £55. Of this latter amount the sum of £40 was lent by Faithful! nnd McConnell of Tnirun. to whom lie gave a bill of sale over the table. His total assets amount to £149 7/6. About eighteen months since he bought shares in various companies. Theso went down in price owing to the collapse of the sharemarket and his present position is due to this circumstance. Ho is now earning £3 a week as a mine manager and has n wife and four children to keep. The cost of living af Tairua is high, and it takes all he earns to keep the family. He receives a rental of £1 a week from tho billiard-room. His liabilities amount to £187 10/7. The first meeting of creditors will be held at tSe Thames on March 29. The first meeting of creditors in the estate of James Milnes will be held nt the Official Assignee's office, Auckland, on the 29th inst., at 2.30 p.m. —

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BANKRUPTCY. Auckland Star, Volume XL, Issue 68, 20 March 1909

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