A BROKEN LEG
BUILDER'S BAD LUCK
'A meeting of creditors in the bankrupt estate' of Gustaf Lindstrom, carpenter and builder, of Lower Hutt/ was held to-day before Mr. S. Tansley (Official Assignee). The unsecured debts totalled £87 os—C. and A. Odlin Timber Co., Ltd.. £48 12s 4d; K. Turner, builder, Lower Hutt, £12 11b; C. R. Barrett, solicitor, Lower Hutt, £8 7s;7d; H..S. Dudding, plumber, Lower Hutt,.£4 18s 4d; E. Nelson and Co., painters, Lower Hutt, £7 14s; Hutt Bowling, Tennis, and Croquet Club, £5 Is 9d.
In his Bworn statement, the bankrupt said that lie was a, building contractor, taking small contracts up to Christmas, 1927; but did not make a success of it, his prices being too low. At, Christmas, 1927, he had. an accident and broke his leg, with the result that he -was out of work and under medical attention for six months. During that"; time he earned nothing. He had enough money to pay his doctor, whose account was about £14; arid in order to meet his ordiuary living expenses, his wife had to raise a second mortgage for £150 .on her property. Since June, 1928, he had only been able to do casual work as a carpenter, and could not work full time because of his leg. Several of .his creditors had threatened to sue him, and Mr. Turner had obtained judgment against him; so, in order to protect himself and his other creditors, he was obliged to file. In reply to Mr. Tansley, he said that £5.1s fld owing to the bowling club was for subscriptions for himself and his wife. As a carpenter, he could earn £6 Is per week when working full time, and lie had two contracts in view; so that, with luck, he should be able gradually to pay off his debts. His wife had had the property referred to for five years past. She had paid the £50 deposit out of her savings from her wages (about £2 a week) for going out to work. She paid all the outgoings—interest, etc. He had built her a small shed at a cost of about £18, at the back of her house. A little of his money might have gone into the house itself, but not much. They had one child, a daughter aged 19, but she was delicate and unable to work.
The bankrupt made an offer to pay off his debts nt the rate, mqantime, of £1 per week, the amount to be increased if he earned more. :
This offer was accepted, and the meeting was adjourned sine die.
A BROKEN LEG
Evening Post, Volume CVII, Issue 51, 4 March 1929, Page 11
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in