BANKRUPT CHEMIST
CR EDITORS DISSATISFIED. (By Telegraph—Press Association.) AVELLINGTON, April !). The adjourned meeting of creditors in the bankrupt estate of Percival Cecil Fraser, chemist, Kilbirnie, was held today.' A previous meeting had been adjourned to enable a report to be obtained from a public accountant on bankrupt’s books and business. After the accountant’s report had been read the official assignee asked Fraser why he had not kept a record of his transactions since August. Bankrupt replied that he was not receiving much money during that time and was paying cash for ail goods received. The official assignee commented that a lot of bankrupt’s money had “gone west.’’ It had not gone to the creditors, wlm wanted to know where it had gone. The position was most, unsatisfactory. In the speaker’s opinion the case should be submitted to the Crown Prosecutor to see whether further steps should be taken under the Bankruptcy Act. He proposed to take that course. The meeting then adjourned.
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Hawera Star, Volume L, 10 April 1930, Page 8
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162BANKRUPT CHEMIST Hawera Star, Volume L, 10 April 1930, Page 8
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