A GROCER'S BANKRUPTCY.

Auckland Star, Volume LVIII, Issue 46, 24 February 1927, Page 11

A GROCER'S BANKRUPTCY.

i dissatisfied creditors, j i REPORT TO CROWN PROSECUTOR ! "I am unemployed and penniless. ' I wrote Frederick Henry Charles Jenks.' ; to the Oflic-ial Assignee in Bankruptcy, Mr. G. W. Morris, "in his statement as to the causes of his failure in business ' as a grocer. He added* I ha\e heen walking the roads looking for work to get a crust for my wife and children. For the past month we have existed on the charity of others, and the Charitable Aid Board. We are to be turned out of j our house at any moment." 1 i The meeting of creditors was held this morning, Mr. Morris, Official As- j signee in Bankruptcy, presiding. I 'Mr. Rae appeared for the bankrupt, : whose schedule showed owing to unse- 1 cured creditors,,£472 IS/7. The assets were stock in trade. £70, and book debts, j £7 15/2. Total, £77 15/2. ! Under examination bankrupt stated that he started business in April, 1920 with £00 and a guarantee for £175. Two ■ months later that guarantee was withdrawn. He canvassed thoroughly and' worked up a good business. It fell awav when customers were refused credit. Then the strike in the Freezing Works caused further loss of business. Bankrupt said he was sincerely sorry for his creditors as they had treated him leniently. Mr. Bond said he considered this was a very bad case. Mr. Jenks told him he expected a legacy from his uncle. Mr. Irving Clarke said it was one of the worst cases he had had to deal with. 1 Mr. Jenks had said that his wife was coming into money, and there was no fear about the account not being paid. Mr. Morris said apparently bankrupt had gone back over £400 since September, and so far there was no satisfactory explanation of what had become of the money. Mr. Rae said bankrupt's wife and family had been ill. Mr. Irving Clarke moved, and it was seconded: '"That the facts of the case be submitted to the Crown Prosecuj tor." j Mr. Rae said there liad certainly j been muddling, but nothing criminal, , and he implored creditors not to pass I the resolution. Mr. Clarke said it was the first time e he had moved such a motion. He did 5 so in the present instance owing to the ,t absence of explanation from the banks ruPt- ) The motion was adopted.