FARMING THAT FAILED
Three bankrupt Italians, . Antonio Fabrello, Guiseppc Stella, and Giovanni Calda-rt,. appeared before the Official Assignee (Mr. S. . Tanslcy)- to-day. Their statement was to the effect that they entered into a partnership to farm 2100 acres in Eli Bay, Pelorus Sounds, on a lease of seven years from, Percy Edwin and Clarence Harvey Wills. The annual Tent was £720, and in the lease were, included 1300 sheep. Their capital when they entered the property in. 1928 was stated as £100. Owing to Fabrello's illness and to Caldart cutting his hand, they were unable to comply with the covenant of their lease to keep down manuka and tawhino, and the. lease was forfeited after 12 months. All their wool went through Mills and Co., but their statement when received after the rent had been paid and everything sold showed nothing due to them. Unsecured creditors totalled £263 5s Bd, amongst whom are James Baird £110 18s Bd, Neale and Haddock £60 Is Cd, Wilkins and field Hardware Co., £27 18s 2d, and Buxton and Co., Ltd., £29 19s Cd, all of Nelson. There were no' secured creditors. The assets were shown as £5 of book debts. As only one creditor was represented, the,meeting lapsed. Mr. Sliorlaiid appeared for the partners,' and Mr. A. J. Azzato acted as interpreter. Letters were received from some of the creditors objecting to the release ,of the baukrupts.
E. Johnston and Co. will hold a. salo of household furnishings ;it No. 43, Brougham street to-morrow at 10.30 a.m.
FARMING THAT FAILED
Evening Post, Volume CIX, Issue 112, 14 May 1930, Page 13
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