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

THE HON. G. F. RICHARDSON'S BANKRUPTCY.

In his statement of his affairs in bankruptcy, George Frederick Richardson, surveyor, puts down his total debts as L 3053, and his assets as L 1389, leaving a deficiency of L 1664. His assets are composed of book debts estimated to produce Lll, furniture L6O, and property LI 318. His property consists of a freehold section at Gore, worth L3O; a life insurance policy in the New Zea^nd Government Life Insurance Department for LIOOO, worth afcpresenfcL3oo ; another life policy with the Liverpool. London, and Globe Insurance Company for LSOO (with additions), worth L3OO ; a number of shares in Richardson, Reardon, and Co., Limited, held jointly with C. "W. Reardon, worth L 548 ; and a claim of LI 40 5s 9d against Richardson, Reardon, and Co., Limited. His chief unsecured creditors are : — Fredk. Richardson, L 98 0; Thos. D. Cummins (Wanganui), LBS; Commercial Agency Company, Limited, L 66; Dr Martin, LSO; H. Crump, L4O; Empire Loan Company, Limited, L24;Garrett&Co., L2l; Count D'Abbans, Ll6 ; J A Taylor LI 6. The secured creditor is James Gilmour (Duriedin), to whom, for a debt of Jj22o0 i the bankrupt and his son are jointly and severally liable. The amount is secured by a mortgage over the bankrupt's freehold at Gore and his life policies, and by a mortgage of his son's freehold lands at Oaklands and Oteramika, in Southland. This amount is less the L9BO due from the bankrupt to his son. There is a contingent claim of L 432 by the liquidator of Richardson, Reardon, and Co., Limited, against the bankrupt for balance uncalled on shares held by him in that company. Bankruptcy petition costs claimed by T. D. Cummins also total L 33 3s 7d.

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

https://paperspast.natlib.govt.nz/newspapers/GRA18980430.2.21

Bibliographic details

THE HON. G. F. RICHARDSON'S BANKRUPTCY., Grey River Argus, Volume LVII, Issue 9966, 30 April 1898

Word Count
288

THE HON. G. F. RICHARDSON'S BANKRUPTCY. Grey River Argus, Volume LVII, Issue 9966, 30 April 1898

Working