BANKRUPT FARMER.
REASON TOR FAILURE.
FALL IN BUTTERFAT PRICES. (From Our Own Correspondent.) WHANGAREI, this day. A meeting in the estate of J. L. Sutcliffe, farmer, was held tn the Official Assignee's office yesterday. The statement disclosed liabilities amounting to £153 6/. Besides this was a debt incurred on account of a secured overdraft owing to bankrupt s uncle, Mr. J. Jackson, which now totals £101 3/4, and a claim for three months' rent at £17 10/ per month. There were no assets. The bankrupt stated that lie was a manager for Mrs. Bullions on her tarm and subsequently, in March, 1030, with £54 of capital, he took over a lease of the farm. His bankruptcy was chiefly duo to the fall in price for butterfat, mainitis in the herd, and sickness of his wife, which made it impossible for him to meet his obligations. The creditors decided to leave affairs in the hands of the assignee.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19310228.2.163
Bibliographic details
Auckland Star, Volume LXII, Issue 50, 28 February 1931, Page 19
Word Count
157BANKRUPT FARMER. Auckland Star, Volume LXII, Issue 50, 28 February 1931, Page 19
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in