EMPLOYED BY WIFE

Dominion, Volume 26, Issue 103, 25 January 1933, Page 7

EMPLOYED BY WIFE

Finances of Moneylender

AFFECTED BY DEPRESSION

Because of the inability of the petitioner creditor to attend through ■ illness, the first meeting of creditors in the estate of John Barrett, moneylender, of Wellington, was adjourned sine die yesterday. ; The amount owing -to unsecured creditors was shown as;£ssB, and there were no assets. The principal unsecured creditors were: J...Durkin, £500; Dr. Duncan “Stout, £43; and A. W. Tressider, £l5. . 1 Bankrupt, i in his filed statement, explained that in 1930 his wife started a money-lending business under the name of-“J. McCombe,” and employed him .to collect moneys and generally: to manage the business for her. ’ 1 At the beginning he received £4 per week, of which he paid his wife 30/- a week for board. In October, 1930. he went into a miniature golf course, but the depression affected the venture, and be lost all he had put into it. Because his wife’s business was decreasing. bls wages were reduced to £3 and later to £2/10/- a week, and-his board was reduced to £l/5/- a'week. He owed a doctor £42 for an operation., and the only other debts he owed were £l5 to a man named Tressider, a judgment for alleged slander, when be obtained a divorce, citing bankrupt as corespondent." and to the Firestone Rubber Co., Ltd., for the balance due on a lease, of which on account of the depression he was unable to keep on.