SHAREBROKING FIRM
BANKRUPTCY PETITION LODGED [United Press Association—By Electric Telegraph—Copyright] MELBOURNE, 23rd June. The bankruptcy petition lodged on behalf of Ward and Company, sharebrokers, in Melbourne to-day set down the firm’s liabilities at £79,861 assets £2394, deficiency £77,467. A petition has been filed by Clarence Royal Curwen and Alfred Keith Ward, two of the firm’s three partners, who state in an affidavit that the firm is now in fact bankrupt, the cause being excessive drawings and the losses in carrying on the business. The statement shows £31,106 owing to the Bank of Australasia, which holds against the debt securities estimated to value £33,00(£ < • •:v, - ,
The principal unsecured creditors are: J. A. and M. C. Erksine, £37,956, and Edwin Ward, £14,454. There is a long list of smaller creditors. Assets comprise office furniture at £SOO and an estimated surplus over the bank’s security of £1894.
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Bibliographic details
Nelson Evening Mail, Volume LXXI, 24 June 1937, Page 7
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144SHAREBROKING FIRM Nelson Evening Mail, Volume LXXI, 24 June 1937, Page 7
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