BANKRUPTCIES
BIG INCREASE RECORDED.
If financial conditions were judged by the bankruptcy returns, it would ;i|pear that the year 1922 was a worse period than 1921. The figures for the twelve months ended 31st December last show that there were 256 insolvencies in the Wellington 'district, which embraces Napier, Wanganui, Palmerston North, Dannevirke, Pahiatua, Masterton, Wellington, Blenheim, and Nelson. This is almost double the number recorded jn 1921, when 134 persons were obliged to file. In Wellington city 30 bankruptcies occurred, as compared with 20 in the previous year. About one-fourth of the ■'cases heard by assignees in the Wellington district in 1922 were in respect to farmers who had failed; they were 63 in number, as against 20 in 1921. Twenty-two labourers filed, as compared with 19 in 1921. Taxi-drivers appear £%. haVe~been the hardest hit last year, tor the number of insolvencies in that occupation has increased from 4 to 10.
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Bibliographic details
Evening Post, Volume CV, Issue 108, 8 May 1923, Page 8
Word Count
152BANKRUPTCIES Evening Post, Volume CV, Issue 108, 8 May 1923, Page 8
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