MOTOR MECHANIC FAILS.
DEFICIENCY OF £262 SHOWN. UNPROFITABLE BUSH SFX.TION. [B 7 TELEGRA HI. —OWN CORRESPONDENT. J HAMILTON. Monday. A deficiency of £262 was shown in the bankrupt estate of Crastis William Leader, motor mechanic, Hamilton, a meeting of whoso creditors was held today. There wore no assets. Bankrupt attributed his failure to taking up a returned soldier's bush section at Owhanga with insufficient capital to develop it. Bankrupt gave evidence that in 1916 he. took up a bush section and cleared 125 acres. Ho carried on for two years. He then leased tho section while ho acted as a motor-driver in Wellington and Mnrton and as motor mechanic at Wanganui. When the lease of tho farm expired he resumed possession, but his subsequent operations were not successful. lie raised several sums on mortgages but even with this assistance he could not clear his liabilities. There was no quorum present and no resolution was passed.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19261012.2.138
Bibliographic details
New Zealand Herald, Volume LXIII, Issue 19456, 12 October 1926, Page 13
Word Count
155MOTOR MECHANIC FAILS. New Zealand Herald, Volume LXIII, Issue 19456, 12 October 1926, Page 13
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.