BAD TRADE YEAR
AUCKLAND BANKRUPTCIES (By Telegraph.) (Special to "The Evening Post.") AUCKLAND, sth January. There were 220 bankruptcies last year in the Auckland district, which includes North Auckland except Whangarei, and stretches as far south as Taumarunui, excluding Hamilton and Eotorua. The total is a record, although 1927 was not a good year from the economic viewpoint. The total is not considered to be really indicative of conditions in the district. Many of last year 'a bankruptcies were the result of bad times. Earlier businesses which were affected by the slump of 1921-22 have increased the bankruptcies of tho past two or three years, and it is believed this year will see an appreciable decline in business failures. Farmers, shopkeepers, and builders accounted for a great number of bankruptcies last year. Of the total of 220 in the Auckland district fully onethird concerned persons following these occupations, the number of each of these traders being about the same. Contractors and agents were also high on the list. About 40 «ther trade* were represented. ,
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Bibliographic details
Evening Post, Volume 105, Issue 4, 6 January 1928, Page 8
Word Count
174BAD TRADE YEAR Evening Post, Volume 105, Issue 4, 6 January 1928, Page 8
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