ELECTRICIAN'S FAILURE.

Auckland Star, Volume LV, Issue 249, 20 October 1924, Page 5

ELECTRICIAN'S FAILURE.

• . r A PAKT.VERSHTP VENTCRE. ( c The failure of his partner to abide by an agreement and meet his share of the business responsibilities was stressed by Alexander McCalhini Paton (Mr. Pullen), i bankrupt electrician, wheu he met his creditors this morning. A written ,'xplunation of his failure, stated that bankrupt, in November. 1922. started in electrical business, financing it by he sale of a home at Kpsom. from which ie got altogether £442. There followed i slump, and bankrupt took in a partier. who contributed £100. 111-luek pur- ■ wed bankrupt, for he met with an acei- ' lent, and practically lost the use of his ] ight hand. On coming out of hospital ' ie collected book debts and paid off ' •ome accounts, but was still behind, and ' leeided to give up the business. His f lartnc- he.d let him down, in that lie ' •ontrilmted only £100. when he agreed ' m £.')f>n. and had not assisted in meet- ' ng liabilities. In reply to the Official Assignee (Mr. ( ■'islieri Paton stated that when lie took : i! a partner the business was insolvent v the extent of £130, but the partner t ran acquainted with this fact. When \ ie went into hospital the business was v irogrosing satisfactorily, and most of j I he arrears hail lieen wiped off. I'nton I ;ddod that his partner had given no I eason for desertinir t lie business, but t dmitled that he had not taken proceed- a ngs against him. ° Xo resolution was passed in reference o bankrupt's conduct. As one of the d reditors intimated that he was in«titiit- t ng proceedings against tlie partner, ir d rap decided not to indemnity tlie Official v \ssijncr in a similar course in the mean- c> inic. "