DOMINION NEWS

Grey River Argus, 22 May 1930, Page 8

DOMINION NEWS

ART UNION WINNER. INVERCARGILL, May 21. The winner of the first prize in the Aviation Art Union, Mr Douglas M. Scandrett, land and commission agent, purchased two tickets. Mr [ Scandrett said their purchase was al- | most an accident. He had passed a ticket-seller every day. and heard him shouting about his wares, but had no intention of buying. One morning as he passed the teller on the street, it occurred to him he .had two halfcrowns in his pocket, and he invested them in two tickets. . SCHOOL PUNISHMENT. AUCKLAND, May 21. The Auckland Education Board today decided to abolish corporal 4>un- , ishment for girlsj also that it would be considered an offence for a teacher to strike a pupil on the head. j BANKRUPTCY. i — 1 GISBORNE, May 21. j ■ A surplus of £4(1,425 in 1921 and bankrupt in 1930 with an estimated 5 deficiency of £24,359 was the post ion j revealed at a meeting of creditors of • George Henry Lynsar, solicitor and sheepfa rme r. I Bankrupt’s, financial statement, es[ti mated the deficiency al £24,350. I Debts du? to unsecured creditors totalled £14,482 and to secured creditors » £30,704. The estimated value of seJ curities was £25,000, leaving a deficit I • of £5704. There was also shown a I I contingent liability of £4379 covered by William Douglas Lynsar’s guaran- ■ tee to Mrs L. T. Barnard. Bankrupt I stated that in March, 192], his financial po-ition showed assets £100,792 | and liabilities £54,547, leaving a surI plus of £46.425. In January, 1927, the | assets, which comprised freehold lands, ' station stock, wool, dairy farm, town property and leasehold lands, valued at £92,819, were sold under forced sale for £61,055. making a loss equity totalling £31,754, and his liabilities had increased to £72,1000. He said: — •‘ I regret very much having to say I am unable to make any offer to jmy creditors. 1 also much regret the 1 amount owing by me to my individuI al creditors, especially my brother, W. ’ D. Lynsar, who is wholly unsecured, i and who has advanced me in cash, including money guaranteed over £lB,OOO. I have los* all. both money and property. 1 started life as k boy at the age of fourteen with nothing and am now after 53 years of j pioneering work, winding up with | nothing.’’ He said wool and meat J prices depreciation was one cause of his failure, which depreciation was I due to trusts and combines. Harbour • litigation cost him about £5OOO. He ' ’prepared a plan of Gisborne Harbour, j and the Board agreed to pay a certain > sum under certain conditions. BankI rupt contended that the plan adopted I by the Board, known as the Reynolds i plan, was practically a copy of his (bankrupt’s) plan. • The Board took ‘ a test case to Court, and ultimately got out of their liability because they ‘ had not (-ailed for tenders before 1 mak- • ing the agreement. Bankrupt con- • sidered that if the Board had not acted as it did he would not be bank- ■ rupt to-day. Through arrears in payJ mont on mortgagees, the Supreme | ’ourt sold lands of his valued at >; 148,620 for At the conclu | ion the Official Assignee suggestec f .hat in view of the full statement by | bankrupt, no further examination was necessary, and the meeting was ad- | journed sine die. THE “NIAGARA.” I AUCKLAND. May 20. I The liner “Niagari” 'ailed at 5 I p in. for Sydney. ROUGHING IT. WELLINGTON, May 20. T rompers at the National Park, who desire to rough it. will in future be able to do so quite independently of the Chateau, as the National Park Board have made special provision for them in huts up the gully. Access to both these and to the other facilities used by those in the lodges will, however, be given, and huts set apart for them are a great advance in comfort on the old Whakapapa hut. That this accommodation is likely tc | be made full use of is shown by the | -ecent successful sojourn there of a large party Auckland Grammer School boys. Another big party of High School girls from Auckland has been arranged.