IN BANKRUPTCY.

Manawatu Herald, Volume XXXI, Issue 453, 22 April 1909, Page 3

IN BANKRUPTCY.

The financial statement of Sparks Philp, hotelkeeper, Foxton who has been adjudged bankrupt on the petition of his creditors is as follows :-rUnsecured creditors, .£6BB 19s 6d ; secured creditors, £669 16s ; estimated value of securities, £770 ; total debts, £6BB 19s 6d. Assets. Stock-in-trade, estimated at £2O is yd : book debts £l3 :os, estimated to produce £1 los ; cash, £5; surplus from securities in the hands of creditors, £IOO 4s ; total assets, £126 15s yd; deficiency, £562 3s 1 id. The following are the unsecured creditors: —• Wellington, Staples and Co., £92 13s 3d 3 C. Cullen, £54 6s; A. C. Pearce, £7; Young and Tripe, £3l; Kempthorne, Prossor and Co., £1 5s 6d. Palmerston North, Barraud and Abraham, Ltd., £ll 4s lid; S. Dixon, £4 18s; F. Martin, £l3 3s id; Burton Brewery Co., £393 yd ; U.F.C.A., £2 18s 4d. Foxton, R. Moore and Barnard, £l2 15s. Taitai, Grace Logan, £464 5s rod. T. and W. Young, Wellington,, are the only secured creditors, the amount of their debt being £669 16 and the estimated value of the security £770.