SMALL ASSETS.

Manawatu Standard, Volume XLIX, Issue 112, 11 April 1929, Page 8

SMALL ASSETS.

BANKRUPT STOREKEEPER. Per Press Association. DUNEDIN, Aprillll. At a meeting of creditors of William Quan, a Chinese storekeeper, the bankrupt’s assets were shown at xAI ana the amount owing to unsecured creai-' tors at £4OO, after being in business for three months. . The Assignee remarked that it was strange that a man should get so much credit in such a short time. The creditors’ counsel said that the bankrupt represented himself as an Oxford man, and a member of a London club. He said that he had thirteen shops in the North Island and produced references which, however, belonged to his father. The bankrupt told a creditor that his father was a retired merchant, residing in Auckland, and had sent him to Dunedin to purchase goods. He had stayed at an hotel with a woman, a child and a nurse and came to dinner in great style like a mandarin. A resolution was passed that the Assignee communicate with the Crown Prosecutor with the view to an investigation.