HUGE DEFICIT.
SOLICITOR'S ESTATE.
VERY SMALL DIVIDEND.
[BY TELEGRAPH.PRESS ASSOCIATION.]
Timaru, Tuesday, A meeting of creditors was held in the bankrupt estate of Walter Shaw, an exsolicitor. The official assignee submitted a report and a boaiement of accounts. The proved debts amounted to £51,867. Since the middle of 1913, £1908 had been received and £1739 expended, and solicitors' fees would probably be £450. There was £1940 that would probably be available, but much of it would take many years to collect, and there were other more doubtful amounts, totalling £3200.
The solicitors thought that by careful management Is in the £ could bo saved.
The meeting resolved that the remaining assets be sold, if possible.
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Bibliographic details
New Zealand Herald, Volume LI, Issue 15769, 18 November 1914, Page 9
Word Count
114HUGE DEFICIT. New Zealand Herald, Volume LI, Issue 15769, 18 November 1914, Page 9
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