LARGE FAILURE AT DUNEDIN.
The statement in bankruptcy filed by Anderson and Morrison, ironfounders, Dunedin, shows the liabilities to be £11,494 and assets £12,448. The liabilities are : to unsecured creditors, £17,057 ; less estimated value of securities, £16,060; contingent liabilities to Admiral Scott, £4100. The only secured creditor to any amount is Turnbull and Co., of London, for £6106. The secured creditors include James Gore and others, the estimated value of the security being 1,413, and the amount of debt £5000. The Union Bank is secured by a second mortgage over the building of £9010.
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New Zealand Herald, Volume XXV, Issue 9179, 8 October 1888, Page 11
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94LARGE FAILURE AT DUNEDIN. New Zealand Herald, Volume XXV, Issue 9179, 8 October 1888, Page 11
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