BROKERS’ BANKRUPTCY
’A LARGE DEFICIENCY. [BY CABLE —PRESS ASSN. —COPYRIGHT.] MELBOURNE, June 23. A bankruptcy petition wiis l lodged on behalf of Ward and Company, sharebrokers, of Melbourne, to-day. It set down the liabilities at £79,861, the assets at £2,394, and the deficiency at £77,467. The petition was filed by Clarence Royal Culrwen and Alfred Keith Ward, two of the firm’s three partners, who state in their affidavit that the firm is now in fact bankrupt, the cause being excessive drawings and losses in carrying on business. The statement shows’£3l,lo6 is owing to the Bank of Australasia, which holds against this debt securities at dai estimated value of £33,000. The principal unsecured creditors areg J. A. and M. C. Erskine, £37,956; and Edwin, Ward, £14,454. There is a long list of smaller creditors. The assets comprise office furniture of £5OO, and an estimated surplus over tine Bank’s security of £1,894.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GEST19370624.2.55
Bibliographic details
Greymouth Evening Star, 24 June 1937, Page 9
Word Count
150BROKERS’ BANKRUPTCY Greymouth Evening Star, 24 June 1937, Page 9
Using This Item
The Greymouth Evening Star Co Ltd is the copyright owner for the Greymouth Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in