BANKRUPTCY OF GROCER.
BUSINESS AT MORNINGSIDE. A statement of the affairs in the bankrupt estate of Charles Leslie Wells, grocor, of Morningside, furnished to the official I assignee shows that he started business in I June, 1918. with £50, of which £25 was borrowed from his mother. He owned 405 acres at Cambridge, which he believed to be worth £9 an acre, but the Government valuation was considerably less. There were two mortgages on this property of £2000 each, the latter being given to his mother for money advanced! The business was successful until the time of the epidemic, when, owing to illness of himself and wife, the shop had to be closed for two weeks. He lost much perishable stock, and never recovered that setback. He was now working, and hi' earnings for two weeks were £2 15s 4d ' I and £3 3s lOd, out of which he had to support his wife, mother, and himself.
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Bibliographic details
New Zealand Herald, Volume LVI, Issue 17144, 25 April 1919, Page 7
Word Count
157BANKRUPTCY OF GROCER. New Zealand Herald, Volume LVI, Issue 17144, 25 April 1919, Page 7
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