A FARMER'S BANKRUPTCY.

Auckland Star, Volume XLVIII, Issue 156, 2 July 1917, Page 8

A FARMER'S BANKRUPTCY.

I He tor Maclean, farmer, ot Njralia]ie.. _:.- fil.'.l ii petition to he ii.ljiicli.ati .] ai bankrupt. The schedul. showed total j unsecured creditor. ._<). I!l/ii. and the a-i-ets were hook .lei.ts ._ .7 ii, li. ami fur- j niture _10. total ._77 0/u. In lii. sworn stitti-iii-ut the bankrupt stated tn.it about tlirce vc.u_ ;:_(> lie had CHhio in i the hank, also two .!riui_iit iniir,- and imiilcmcnts. At that time he owe.l no-I thin_. lie iioujilit a farm at Oliakutie of I4S acres, native lea.-c. at ;. rental of £_.. per Hiiniiiii. lie pail Lit. (I lor the Y.mlor'. interest in , lie lease, lie iliil nut work the phi.-c. but held it for two '.ears. .when :i :n.irt._.i_e of UI HI fell due, ami I a.- he could not meet it the property via. Bold through the Supreme Court, ami he lost ins interest. lie then l,.,u_li>. » leasehold int. rest, in 2(1.. acres at X_nliapp, p_,vin<_ £20(1 for the p Iwill, the rent ami interest, coming to nhoiit £!11l per nnnum. He bail to surrender his interest in that lease, and lost all lie had. \Yith repaid to the COT item in a-sets. bankrupt stated i: is dispute,! by the holder of what is claimed to be v receipt In full payment. Kunkrupt attributed ilils position tv losing over C.OO on the. native lciii-e aril ..200 on stock and cro._.