FARMER'S BANKRUPTCY.

New Zealand Herald, Volume LIX, Issue 18021, 21 February 1922, Page 8

FARMER'S BANKRUPTCY.

SEQUEL TO A JUDGMENT. TROUBLE OVER' AN EXCHANGE. A petition in bankruptcy has been filed by John Dolphin, farmer, of Avondale, who has submitted a statement of his assets, and liabilities to the official assignee. . The amount owing to unsecured creditors is shown as £3938 16s 3d, and to secured creditors £3450. The total available assets are shown at £1761, Jeaving a deficiency of £217716s 3d, The bankrupt states that i:a July, 1919, he had £300, and with a partner bought a property of 451 acres at Otorohanga at £12 an acre. They paid £460 down, and later paid another £100. In July, 1920, they exchanged the property for one at Avondale. At that time they had no outside debts, and paid £280 in legal charges and expenses in connection with the exchange, lhoy had then borrowed £200 on the Avondale property to purchase stock and a ß ainst bank--2 Si P , artn . er for £2622 M» dam. agos for alleged misrepresentation in con. g*w with the Otorohanga n£ Smtlled to thiß d6bt was 3m £?' *° P 101 . 601 his other partner soft n the" £32 F«° mother man, who wts bit nipt 8 half-brother. His late partner was not in a position to assist him Be first meeting of creditors is to be gdu* the office of the official t&M* fia.Afcwh 3 at 2.20 R.m* —HP""