IN BANKRUPTCY.

Hawera Star, Volume XLVI, 26 May 1927, Page 2

IN BANKRUPTCY.

estate of w. t. sapsford

A meeting of the creditors and. the bankruptcy estate of Thomas Sapsford, butcher, of Hawera was called for ’yesterday afternoon, but lapsed for want of a quorum. The statement of assets and liabilities disclosed debts amounting to £225 8s 7d, and assets to £22 3s 4d. The list of unsecured creditors was as follows: —W. Barraclough (Hawera), £95 Is lOd; P. T. Donnelly (Hawera), £23 2s 6d; New Zealand Refrigerating Co. (Christchurch), £5 14s sd; W. S. Hawkins, £7; W. Watkins, £10; New Zealand Loan and Mercantile Agency Co., Ltd., £5 17s 6d: W. G. Simpson, £6 Is; T. H. Walker and Sons, £2 7s 6d; L. A. Taylor, £1 os; Para Rubber Co., £2j Commercial Bank of Australasia, £< Ms Id ((all of Hawera; Patea Freezing Works, £lO .11s 6d; Cameron (Palmerston North), £1 os; New Zealand Supplies, Ltd (Christchurch), £2 9s 6d; H. R. Kemp (Hawera), £4 Us 6d; Hawera County Electric Co., IDs; Stoniland, Ltd. (Christchurch), £2; Pirani and Co. (Fielding), £3 10s 3d; E. C. Hayton (New Plymouth), £lO 16s 6d; J. W. Sporle (Fielding), £2 9s 6d; E. Short (Feilding), £6; A. Sugar, £4 10s; Meat and Wool, Ltd. (Wellington), £2 ds; "West Coast Refrigerating Co., 19s 6d; Mortlock and Co., 9s; W. A. Parkinson and Co., 4s od; A. L. Button (Wellington), £4 4s 9d; G. H. Buckeridge (Hawera.), 15s; A. S. Paterson and Co. (New Plymouth), 12s 6d. In his personal -statement bankrupt said that he coflimenced business in Hawera on August, 1925, renting a shop in High Street from Mr W. O’Brien at 30. s per week. At that time it seemed to him to be a good proposition, considering the wholesale and retail prices for beef and mutton, but unfortunately the prices began to harden and steadily advanced. “After a month in Mr O’Brien’s shop I could see I had struck a. dead end. I could not stay in the shop and wait for trade, and it did not warrant a shopman. So 1 took the premises known as the- Gosey Tea Rooms from Mrs. Donnelly at a rental of £2 per week with the idea of hanging my meat in the diary at the back and working up an outside connection. It was then that I learned of the existence of a borough by-law preventing the hawking of meat. “I feel sure had I been allowed to hawk meat in the borough I could have made good, and worked. up a compact round instead of having to run ten ahd twelve miles into the country. When the hot weather set in iny losses were heavy,owing to the insufficient air space. I then made another move to the premises on the corner of Surrey and Argyle Streets in August last, and remained there until I 'wound up business in November of last year. Unfortunately I have nothing to offer my credito. s.” Questioned by Mr. A-rlidge concerning a Ford car, bankrupt stated that the car, which belonged to his wife, having been purchased by her in Feilding in 1924 in part exchange for a section owned by her there. He had with his wife’s consent used the car with a van attached in the business on the understanding that he would keep it in repair. Bankrupt stated that a trade creditor had seized the stock in trade and sold it under a bill of sale. He had not been informed of the details of the proceeds but the creditor had stated that lie had realised sufficient to pay the debt —about £2O.