INQUIRY WANTED.

Auckland Star, Volume LXIX, Issue 192, 16 August 1938, Page 5

INQUIRY WANTED.

BANKRUPT'S AFFAIRS.

MARTON LAND AGENT.

REQUEST BY CREDITORS.

(By Telegraph.— Pre-ss Association.) MARTON, Monday.

A meeting of to-day carried resolutions seeking a magisterial inquiry into the affairs of Robert Wakefield Harris, land agent, of Marton. who was adjudged bankrupt on August 3. Tlip excess of liabilities over assets is £71">2. Debta to unsecured creditors amount to £8-243. The meeting decided that bankrupt and his wife or any other person ae provided for under the Bankruptcy Act be summoned by the assignee to be examined before a magistrate. In his statement bankrupt attributed his failure to the effect of the depression on farming properties in which he invested moneys and to a decline of the estate business. "At the present time my wife hold.s a land agent's license," he eaid, "and I am working for her. I rejrret that I can make no offer to creditors." Cross-examined, bankrupt said he could not give an accurate statement of bis transactions with his wife, as he bad not kept bookn. A new car recently bought by hits wife was not yet paid for. Since the transfer of the license lie had been working for his wife ae a salesman for £2 a week. He admitted obtaining credit in the last three years, thinking he would be able to pay the accounts and decrease his debts by comj missions on deals. He had kept no booke I recording his liabilities, but thought he could provide a fairly accurate statement of hie transactions since 1935. iHe had applied for relief under the Mortgagors Rehabilitation Act, but his 'application as a farmer. applicant was 1 disallowed. He considered if relief had ! been granted to a reasonable extent he ' could have rehabilitated himself.