BANKRUPT FARMER.
BIG PROFITS AND LOSSES. Per Press Association. AUCKLAND, June 7. Charles Percy Hansen, sheep farmer, at a meeting of his creditors, stated that in 1912 he had only 30s and a pair of blankets when an owner signed over to him a sheep station of 84 square miles, and trusted him to pay £25,000 for it. In one big coup within a week lie was able to clear the station and have in hand a number of sheep as well as £SOOO in cash. In a number of farm transactions later he lost everything he had. He had been adjudged" a bankrupt in Wellington with liabilities of £l3lO and no assets. He" still had the pair of blankets on an island in the Hauraki Gulf. One creditor said he knew Hansen to be an honourable man, but he got into difficulties ten years ago. When lie got money later he paid all his creditors with interest.
The meeting passed a resolution sympathising with bankrupt and requesting the Official Assignee to facilitate his discharge, there being two dissentenfs.
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Bibliographic details
Manawatu Standard, Volume XLIV, Issue 1038, 10 June 1924, Page 11
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179BANKRUPT FARMER. Manawatu Standard, Volume XLIV, Issue 1038, 10 June 1924, Page 11
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