BANKRUPT FLAXWORKER.

Manawatu Times, Volume XLVI, Issue 1977, 19 November 1921, Page 2

BANKRUPT FLAXWORKER.

DIFFICULTIES CAUSED BY SICKNESS. The meeting of creditors in the estate of Claude Peyten Grey, bankrupt flaxworker, of Makerua, which was to have been held yesterday at Palmerston North, lapsed for want of a quorum. Mr C. E. Dempsy, official assignee, took bankrupt’s sworn statement. Bankrupt owed unsecured creditors £175/17/, his assets amounting to £25, leaving a deficiency of £l5O/7/. The principal unsecured creditors were; W. H. Nash, leather merchant, Wellington, £23; B. Perry, storekeeper, Tokomaru £75/16/9; W. Belcher, leather merchant, Wellington, £l4 2s 7d; Mr Parr, Tokomaru, £B/15/, W. H. Gunning, storekeeper, Shannon, £7/15/8; S. J. Shaw. Tokomaru £6/13/6, J. Schwass, butcher, Shannon, £5/15/7. In his sworn statement, bankrupt said he had started business in Hastings in 1918 as a boot repairer with a capital of £35, most of which he paid to Belcher and Co. in opening his account with them. Business had been dull, and his capital proving insufficient to carry him through, he had to close up the shop, and doing what he considered most honourable, he had returned what stock in trade he had. On coming to Tokomaru he had engaged in work as a flax-worker but sickness in his family, combined with the closing down of the mills for a period, resulted in further financial loss from which he was unable to recover. He had been unable to get permanent employment and he accordingly decided to file.