A SPECULATOR'S FALL.

Marlborough Express, Volume XLIII, Issue 114, 12 May 1909, Page 8

A SPECULATOR'S FALL.

■" . ■ -o . ■ » ■ UNREALIZABLE SECURITIES

[press association.]

WELLINGTON, May 12. At a meeting of creditors of W. G. Sommervillo, solicitor, the bankrupt presented a statement setting forth thai his unsecured debts totalled £3078, and his secured debts £21,----388. Tlie debtor estimated the securities against these debts to be worth £12,506 more than the debts secured, and the surplus on the whole estate £11,834. The state of the it *nev market prevented him from selling the properties and realising his securities, but also of causing his creditors to press for payment. The meeting appointed a committee to investigate the- debtor's property transactions.