BANKRUPTCIES IN 1923

Dominion, Volume 18, Issue 96, 18 January 1924, Page 6

BANKRUPTCIES IN 1923

INCREASE OVER PREVIOUS YEAR Last month 66 bankruptcies 'were registered throughout the Dominion, as compared with 49 in December, 1922, and making 696 for the year. The insolvencies recorded during each month of the past three years show gs under: — •

In the past two years the number of bankruptcies has been very heavy, and we ar© thus still feeling the effects of the slump of 1921. It was not until May ,1921, that there was any noticeable increase in bankruptcies, when the number was practically double what it was in the previous month; since then the number has never gone below 32 in any month, except January, 1922. Last year 49 was the lowest in any one month, and the highest was 74 in November last. Once more farmers account for the greatest number of insolvencies, labourers 'coming next and the motor trade third. The principal sections contributing to the year’s bankruptcies, compared with 1922, were as follow:—

Farmers account for about 25 per epnt. of the total, although there is an appreciable decrease in the number as compared with 1922.

* 1923. No. 1922. 1921. No. No. January ..... ...... 49 31 11 February 56 43 14 March 73 74 16 April 49 42 17 May 62 SO 33 June 46 63 37 July .......... 57 74 32 August 52 83 40 September 62 37 23 October 50 69 33 November * 74 44 33 December .... 66 49 33 — - 696 6S9 322

Farmers 1923. No. ... 3 73 1922. No. 200 Labourers ,.., .... 58 52 Motor trade .. .... 47 55 Builders ... 18 16