UNFORTUNATE – BANKRUPT.

Auckland Star, Volume XLII, Issue 152, 28 June 1911, Page 4

UNFORTUNATE - BANKRUPT.

•James Holmes - Nicholson, carter; ?' Waikino, has.filed a petition m." bankruptcy. ■-. He states - that': #*$$& to unsecured' creditors amount to;"*' and assets'- £565,"including■ s'tbck-m-.trtM plant, etc., £200; and book-debts.'** There is an apparent deficiency of £1* He started business as a carter, at,W, kino in July, 1908, when 'hepurphasea? team of four horses and wagon;.tarie*. etc., for £127. To.: p a y this sum-?n^ ; he secured : advances. He lost:*. ,w» valued at £20, and procured. ; £35. .Exclusive of this well for the first twelve months. -• i» work became-too : mueh tor.ohe&VM he was compelled to employ a-toan £2 14/ a week. In order "to-keep a™" self and the man fully employed,-he.">°* on a. coal contract, fie hired a : ' M |™ and- cart, and after three' mouths- r PJ chased tho same for £37down, and had since, paid off-.£*i<Js&ti coal run paid for about seven' ; mP nt °' and he. then incurred, some had.d« and, for the- remaining. five;'B>o he continued the contract he Sventijea ily back. At the end of twelve ;monw he stopped the coal round. flood in April, 1910, the rbad.oeww ■ Waikino and Paeroa was. washed \W_ many places, and he had to make. «v detour when carting. He ably, but he kept on in order.tq his Wslne'ss connection.-, He ...>™. s : making enough for horse, feed. ust. as the result of ah acciden* on road, he war, advised -to tybyV'MM in settlement. He had P. aid f b -|?S|f( ; off this amount. During the » aS ?&. months he had great trouble WM ness and deaths-in the family-.. i" s - { was now an invalid, and' - month they buried, two children. had done his utmost to, make, e nt£ v working 12 and 14 hours a day, a.p<x ing at a positive not make an offer to ;his ctei ■ torS. . , The ; held at Paeroa on July. a>