PEPPER CONTRACTS
COMPANY'S BANKRUPTCY
(Received April 10, 2 p.m.)
LONDON, April 9.
Bankruptcy proceedings in conne<* tion with Adair and Company, brokers,' disclosed. liabilities of £447,308 and': assets £147,744. The Official Receiver, Mr. Phillips, declared that it \ was difficult reasonably to explain the; conduct of the. directors in arranging, forward contracts for pepper, amount- [ ing to approximately a million ster-' ling, when the company's capital was1 only £30,000.
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Bibliographic details
Evening Post, Volume CXIX, Issue 85, 10 April 1935, Page 12
Word Count
68PEPPER CONTRACTS Evening Post, Volume CXIX, Issue 85, 10 April 1935, Page 12
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