BANKRUPT FARMER.

Auckland Star, Volume L, Issue 122, 23 May 1919, Page 9

BANKRUPT FARMER.

BAD LUCK WITH CROPS. A meeting of creditors in the bankrupt estate of Robert Daniel Dunn, fanner, of Alfriston, was held yesterday, when Mr. W. S. Fisher, Official Assignee, presided. The bankrupt was present attended by his solicitor, Mr. Huff. The bankrupt's schedule showed unsecured creditors totalling- £414 5/7, secured .creditors £7209 3/4, estimated value ol security given £SB2O. leaving an apparent -urplurt to _ssets of £1610 16/8, which, with cash £50, makes apparent asset.- total £1660 16. S. leaving an apparent -iirplus of £1246 11/1. According to h's sworn statement handed in he was farming at Pukekawa from 1907 to 101_ This property ,he exchanged for a hou-e and two acres at Papakura, ._•¥(_«> Tie lived from 1014 to 1016, doing commission agency work. He raised. £4<in ,n- tiie Papakura property. In 1916 he ex'iiansed the equity of that, property fir the farm of 140J, acre? at Alfrr*"ton. Buckland and Sons advanced money to provide the stock. A plague .01 caterpillars destroyed his crops, in 1917 the stock and plant was sold, Messrs. Buckland and Sons getting the pfoeeeTV. In September. 191*. he had a meeting of creditors, who allowed him thr>n» months in which to realise. He had a wife and 10 children, the eldest j beini: !•" year- of age. Tiie bankrupt, being sworn, stated in an-'.v. r to Mr. Fisher, that the nominal talno of the Papakura property wa»| about C4OO for the equity of the place.; He considered that to be the cash value/ He Aia not "ive any rash as consideration. He did not get the farm valued before making the exchange. He had been farming all his life. Mr. Hough explained that the bankrupt w;ls also entitled to a share of his father's estate when it was wound up. As the bankrupt stated there iva> a chance of -.']lin_ the farm for tSOO cash. Mr. Fi.-her remarked if he could do that the creditors would do all they Could to facilitate iii- discharge. The meeting then adjourned.