MANY BANKRUPTCIES.
DOMINION'S HIGH TOTAL.
547 FOE TEN MONTHS.
LESS THAN LAST YEAR. [ll TELEGRAPH.— CORRESPONDENT.] WELLINGTON. Tuesday. There were approximately 50 bankruptcies recorded in New Zealand last month, as against 69 in October last year and 33 in October. 1921. The. insolvencies last month were, lower than in any month since June, and were 12 less t'han in the previous month. The figures for Oie first ten mouths of the present year and the two preceding years are as follow : — 1923. 1922. 1921. January ... 40 31 II February ... 56 43 14 March ... 73 74 16 April ... 49 42 17 May... ... 62 80 33 Juno 46 63 37 July 57 74 32 August ... 52 83 40 September ... 62 37 23 October ... 50 69 33 Totals ... 547 596 256 I Although tiiere have been 49 fewer bankruptcies this year than in the corresponding period of last year, the number is still large. Farmers continue to yield the heaviest proportion of bankrupts. There were eight last month as compared with 17 in September and 19 in October last year. The principal classes contributing to the bankruptcies of the past ten months were: Farmers, 135; labourers, 47; motor trade, 33; builders, 18; j agents, 17; and hotelkeepers, 14.
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Bibliographic details
New Zealand Herald, Volume LX, Issue 18556, 14 November 1923, Page 11
Word Count
205MANY BANKRUPTCIES. New Zealand Herald, Volume LX, Issue 18556, 14 November 1923, Page 11
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