AUCTIONEER BANKRUPT.

Auckland Star, Volume LVIII, Issue 114, 17 May 1927, Page 9

AUCTIONEER BANKRUPT.

NO OFFER TO CREDITORS.

AN UNLUCKY PURCHASE.

(By Telegraph.—Own Correspondent.) HAMILTON, Monday. The purchase of a four-acre section in Peach Grove Road, Hamilton, which afterwards proved unsaleable, was given as the cause of the bankruptcy of William Leslie Carr, aged 33, auctioneer, who met his creditors to-day. Mr. V. H. Sanson, deputy-official assignee, presided. The schedule, showed that bankrupt's debts totalled £10GS 13/3, and he estimated the. value of the property he held at £500, leaving a deficiency of £598 13/3. Bankrupt said his salary had been reduced two nlonths ago from £400 a year to* £275. He admitted that arrears of interest totalled £142 11/3, and some of it was nearly 2i years overdue. It would cost him £6 a week to live. He did not know how he was going to manage. He could make no olfer to the mortgagee. Mr. N. S. Johnson said he was instructed by the trustees to state that they regarded the position as distinctly unsatisfactory. Mr. Carr had a social position which he had kept up, but hie had made no attempt to meet his obligation to the mortgagee. ° No resolution was passed.