BANKRUPTCIES

Greymouth Evening Star, 2 December 1926, Page 2

BANKRUPTCIES

’ GREY' DISTRICT - FIGURES. l\c v With 1 an average oft only-3.2 bankruptcies' annually during the past decade, the district extending from Reefton to Teramakau does not appear to have much reason for being pessimistic on the score of financial stability. Figures given by the Deputy Official Assignee (Mr A. Naylor) to a “Star” reporter’show that, for the ten years 1916 to 1925 inclusive, the number of bankruptcies was 32, the details being as. follow:—1916, five; 1917, three; 1918, one; 1919, one; 1920, one; 1921‘, two; 1922, four; 1923, two; 1924, . three; 1925, ten. It is, of course, rather disquieting to find that'trie number who filed’iril92s was the biggest during the . decade, but the “peak 16ad” has not been sustained, and this year the number who failed (up to’ the end of November) was six. ’ It is also interesting to note that, despite the not infrequent statements regarding the alleged desperate financial position of many farmers on the West Coast, only one of them filed in the district under review during the period 1916-1925, although there are two farthers ’on the D.O.A.’s list for the current year. On the other hand, although many people have tlie impression that hotels On the West Coast are as good as gold mines to the licensees, five hotelkeepers filed in bankruptcy during the same period.