IN BANKRUPTCY.

Hawke's Bay Tribune, Volume XIV, Issue 252, 2 October 1924, Page 3

IN BANKRUPTCY.

ESTATE OF J. Al. BROWN. In the bankrupt estate of John Mitchell Brown, agent, of Napier, there is a deficiency of £266 17s 4d» Bankdupt’s only asset is a motor car valued at £5O, whilst to unsecured creditors he owes £316 17s 4d. The unsecured creditors in the estate arc:—Napier: S. J. Ray meat £2 5s 6d, Aa rd Taxi Service 15s, Sam Harris £4 19s, W. A. Armner and Sons, Ltd. £7 2s (id. R. V. Harris £1 l&s. J. C. Bryant, Ltd. £4B 18s, Ball and Co. £3 4s. William Bros 18s 6d, Mahoney and Sons, Ltd. £1 14s Bd, Shortt and Grundy £4 12s 6d, B. H. Smart £4 17s, H.B. Motor Coy., Ltd. £5 Ils, Williams and Cietgh fii 12s 3d. Auckland: A. Tilly £27 13s lOd, London Traders £l3 17s. Dunedin: P. Boyd £6 10s. Christchurch: John Cock £l3l Ss 3d, A. M. Sugden £3 Ils. Wellington: Land and Income Tax Department £ll 16s, Education Department £3B Bs. Hastings: H. B. “Tribune” £1 ss.

In his personal statement bankrupt stated that he carried on business as a commission and indent agent from 1921 until June, 1924. He is now working for wages. He attributed his position to th© fact that he was unable to obtain regular supplies of produce, etc., from the South Island owing to the at-, tention he received from a certain trade association causing him to give up dealing in produce altogether. He then tried indenting, and did fairly well while he was getting regular shipments. Then came the dockers strike \w hi ch hit Turn very badly. For five months he did not get any supplies, and then got the whole of his orders at once. He had by this time lost the Christmas | trade, and found it very difficult to sell his goods except at tremendous sacrifice, in many cases 50 per cent below cost. Ho had not been able to make, a recovery and had been yiressed by several of his creditors, causing him to seek the protection of the Bankruptcy Court.