Article image
Article image
This article displays in one automatically-generated column. View the full page to see article in its original form.


At a meeting in Wellington of the creditors of J. D. Baird, engineer, on Monday, the bankrupt submitted the following statement: —" I attribute my present position in seeking the protection of the Bankruptcy Court (1) to the utter collapse of several companies with which I was and am connected as a shareholder viz., the Koranui Coal Company, L 1,700 ; West Wanganui Coal Company, L4BO ; Phojnix Gold Mining Company, L 24 0; Golden Bar and other Marlborough claims, L 250 ; United Importers Compauy, LSOO ; Aerated Water Company, LI,OOO ; Terawhiti claims, L 40 0; Caswell Sound Mining Company, L2OO ; other small interests in various claims and companies, Ll4O ; total, L 4.910. (2) The loss through the bank, ruptcies of Waters, Eades, Wallace, Shields, and others of the sum of LB7C. (3) The terrible depreciation in the value of both city and country lands, and the difficulty in effecting sales. I at one time, and oven now, hold large interests. As an instance of such depreciation, the reclaimed land section near the Court-house, which cost L 2.000 nine and a half years ago, was sold for the amount of the mortgage— LI,OOO. I have been trying for some time past to reduce by sales my liabilities, but have been unable to do so. The Assignee said Mr Baird had been unlucky. From a book handed to him he found that the bankrupt's receipts last year amounted to L 1,229 lis 3d, of which about L4OO was spent in personal and household expenses, the remainder being spent in calls ana other claims in connection with various companies.

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

Bibliographic details

AN UNLUOKY SPECULATOR., Issue 7923, 3 June 1889

Word Count

AN UNLUOKY SPECULATOR. Issue 7923, 3 June 1889

  1. New formats

    Papers Past now contains more than just newspapers. Use these links to navigate to other kinds of materials.

  2. Hierarchy

    These links will always show you how deep you are in the collection. Click them to get a broader view of the items you're currently viewing.

  3. Search

    Enter names, places, or other keywords that you're curious about here. We'll look for them in the fulltext of millions of articles.

  4. Search

    Browsed to an interesting page? Click here to search within the item you're currently viewing, or start a new search.

  5. Search facets

    Use these buttons to limit your searches to particular dates, titles, and more.

  6. View selection

    Switch between images of the original document and text transcriptions and outlines you can cut and paste.

  7. Tools

    Print, save, zoom in and more.

  8. Explore

    If you'd rather just browse through documents, click here to find titles and issues from particular dates and geographic regions.

  9. Need more help?

    The "Help" link will show you different tips for each page on the site, so click here often as you explore the site.