BANKRUPT TAILOR.

New Zealand Herald, Volume LII, Issue 15944, 15 June 1915, Page 5

BANKRUPT TAILOR.

WAR PARALYSES BUSINESS.

EARLY PEACE HOPED FOR.

The sworn statement of Edwin L. Harrison, of Mount Albert, ' tailor, who last week filed a petition in bankruptcy, as did his father, John L. Harrison, was yesterday lodged with the official assignee, Mr. W. S. Fisher. This states that debtor commenced business with a capital of £64 in August, 1911, taking a shop in Karangahape Road, at a rental of 50s per week. He fared very well until the Saturday closing came in. This injured his trade very much, and afterwards the strike further upset business. In order to meet accounts owing to merchants ho borrowed various sums of money, hoping trade would recover ar.d that he would be able to repay his creditors. The war had now completely paralysed 1 his tailoring trade, so many men having gone to the front. Bankrupt had been struggling along during the past few months, hoping for an early peace, and a, return of better trade, so that he should be able to pay everyone in full. He recently moved into a cheap shop in Symonds Street, and reduced his expenses in every •way, but, owing to one of his creditors suing him, he was compelled to file. The first meeting of creditors in the estates of debtor and his father takes place at the official assignee's office next, Thursday afternoon.