A GROCER'S BANKRUPTCY.

Auckland Star, Volume XLVI, Issue 61, 12 March 1915, Page 6

A GROCER'S BANKRUPTCY.

Gilbert Gilmour, railway employee, having filed a petition to bo adjudicated a bankrupt, furnished a statement to the Official Assignee in which lie stated that he started a. grocer's business in Frankton Road with a capital of £230 in January, 1911. He remained there until April. 1013. Trade fell oft", which, combined with illneeß in the family and the expense and loss incurred in connection with a motor vehicle he bought for | business purposes, left him in debt. He sold out for £225. Tbe motor cycle, off which ho paid £U5, was handed back to the vendor, who expected to sell it for £75. deduct the £'■>■'> still owing, and leave £35 for debtor. The man. however, went bankrupt, and debtor did not make a claim on his estate. Debtor also purchased a cash register for £77, which was seized after ho had paid £14 upon it. In November, 1913, debtor purchased a shooting gallery and tobacconist's business for £225, giving as part payment £75 and a bill of sale for the balance. This venture proved a failure, and debtor had to give up the business to the bill of sale holder, also sell his furniture, and look round for work.