CONFECTIONER'S FAILURE
The failure of Edwin Ransom Myers to make a success of a. confectionery shop and soda fountain ( in Lambton quay resulted in a meeting of his creditors to-day in the office of the' Official Assignee, Mr. S. Tansley. Liabilities, all to unsecured creditors, were returned at £1414, and til assets were estimated to be worth £35. According to the bankrupt's- statement, the shop was opened with about £600 worth of stock, obtained chiefly from three firms. In addition, he had put in £225 of his own in furnishings. The shop had never been a success, and from time to time creditors had been informed of the position, but they had allowed him to carry ( on, hoping for the best. - .'.. Bankrupt said he was now earning £5 13s a week and had a wife and three children to support. He could make no offer now, although previously he had offered to pay a certain amount each week.
. Th.c creditors present recommended' iaeilitating the bankrupt's discharge upon the payment .of £ 100, expressing the opinion that' no dishonesty ivas shown in the bankruptcr, which had been brought about purely by ill-hick.
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Bibliographic details
Evening Post, Volume CXIII, Issue 142, 17 June 1932, Page 14
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190CONFECTIONER'S FAILURE Evening Post, Volume CXIII, Issue 142, 17 June 1932, Page 14
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