IN BANKRUPTCY

Manawatu Standard, Volume LV, Issue 197, 19 July 1935, Page 6

IN BANKRUPTCY

MARKET GARDENER’S PETITION. A meeting of creditors in the bankrupt estate of So Wing, trading as Wing Lee, market gardener, of Foxton, was held at the office of tlie Deputy Official Assignee (Mr C. E. Dempsy) yesterday afternoon. Only one creditor, Messrs Barraud and Abraham (Mr C. R. Perrin) was represented. Mr J. M. Gordon appeared for bankrupt. Debts totalling £614 were shown in bankrupt’s file, and assets of £Bl. It was shown later in the meeting that the .assets wero all secured to Laery and Coy. (Wellington) who had taken possession. The full list of creditors was : —Laery and Co. (AVellington), auctioneers, £215; Barraud and Alvrahani, Ltd. (Palmerston North), £4O; Palmerston North City Council, £45; Mr Robinson (Foxton), landlord, £SO; Mr Barber (Hi'niatangi), £l3; Foxton Meat Co., £l7; Market Garden,’’ Auctions (Wellington), £5; W. E. E. Chong Wing (Wellington), £l2; Teddy Wing, £10; Gee Wah Ivee, £ls; Keong Wall Chong, £8; Chen Yeng, £10; Joe Lee Wah, £2l; Chong Wall (Foxton), £7O; Mrs So Wing (bankrupt’s wife), £4O; Jack Irwin (Foxton), £2O; Newmarket Seed Co., £ls; Townsend and Paul (Wellington), auctioneers, £3; George Thomas (AVellington), auctioneers, £5. The assets were shown as: Three horses, £SO; three carts, £10; car, £10; plough, discs and harrows, £ll. Bankrupt’s sworn statement read as follows:—“My name is So Wing, and I am commonly known as AYing Lee, and also as Hing AA’ing. I have been carrying on business for many years as a market gardener, and for some years I was fairly successful and could pay my way. In the last three years business lias been very bad and I have gradually fallen into debt. In particular last year the whole of my crop failed, largely due to the ravages of the white butterfly, and this has meant that I am not able to pay my creditors and have had no option hut to file my petition in bankruptcy. Had my crops been reasonably successful last year, it would not have l>een necessary for me to file my petition.” AVlien examined by the Deputy Official Assignee, bankrupt said ho was now living at his garden, hut it liad nothing in it. Ho was draining the property in the hope that someone might give him the chance of a fresh start. He had two children in China and four in New Zealand; he liad sent no money to China for some years. Unless assisted back to business, he would have to look for work.

The meeting was adjourned sine die.