WANGANUI BANKRUPTCY.
EATDENCE OF HARD TIMES.
Another evidence of the hard times framers are up against was manifested when a meeting of creditors in the estate of the late H. V. Hammond was held in AVanganui. This estate was one of the most valuable in the district. The assets represented £210,000, and the liabilities £200,000. The liabilities, with the execution of about £3OOO, were all secured. The secured creditors comprised various persons holding the first mortgages over different portions of the real estate, and Dalgety and Company, holding a second mortgage over practically the whole estate, upon which mortgage there was due and owing at the death .of the deceased about £77,000. The fact that an estate of such value was forced into bankruptcy is a reflection of the strenuous times through which farmers are passing,
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Bibliographic details
Hawke's Bay Tribune, Volume XII, Issue 92, 28 March 1922, Page 2
Word Count
136WANGANUI BANKRUPTCY. Hawke's Bay Tribune, Volume XII, Issue 92, 28 March 1922, Page 2
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