IN BANKRUPTCY.

Auckland Star, Volume LVII, Issue 43, 20 February 1926, Page 14

IN BANKRUPTCY.

A GROCEB'S FAILURE. CEEDITOBS NOT The adjourned meeting of creditors in the bankrupt estate of Thomas L. McGrory, grocer, Te Aroha, was held before the Official' -Aaeignee, Mr. W. S. Eisher, yesterday." . I ■The meeting _ was adjourned in the first place so that a statement could ;be obtained' from the accountant who i had been looking after bankrupt's books. It was set out in that statement that in I July, 1925. the accountant was asked to open a eet of books for McCrory,- as his affair* were In a tangle. It was found that' no record had been kept .of cash taking* or payments during the period o< fire months that bankrupt had been in business. .Only a small nrpportion 'of hie tramaefclone ] hgd been condu'eted through the •; A statement ■ Was drawn up whleh showed -that' bankrupt had lest £202 iii trading, had withdrawn ..£4(|3 from, tbe: bank |or hie personal fuse, and incurred liabilities to the extent • _pt - His eapltal when- he etarted had been about £300, and feat had gone ;■ tegether"*with. £200 he had. borrowed, Mr, Jfisher said bankrupt bad had ample l -warningef Mβ position/and yet lie" went on obtaining geeda en credit, = .-***?? elese-questiening banki'upt fauld 1 eJEplaaation ef hfc eeeSuet, i. s_;* re .dlters espreseed dt* • »t.ban)truptV conduct and -. earnea a f c .that effect. II •■ . Z™,?**? :«W that ifr. Ksker bppeac