FORTUNE DISAPPEARS.
LOSSES IN FARMING. The disappearance of £45,000 left to two young brothers was mentioned to the Official Receiver at Worcester recently, when Captain Thomas Purvis Reav. of Eroome Manor, Bishops Froome, Herefordshire, met his creditors. The debtor's statement, was that when left a substantial fortune by their father he and his brother bought a farm for £9OOO and spent £12,000 on it. The business never paid', and in six years tho losses amounted to £14,000 They had drawn for personal expenses £I3OO a year. The Official Receiver said a fortune would soon go at this rate, but one could scarcely account for the disappearance of £45,000 and a deficiency of £3700 The overdraft at the bank was £6985, and they had been to moneylenders... ft was a question whether the brother who left the farm on his marriage should not share the bankruptcy.
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Bibliographic details
New Zealand Herald, Volume LXIV, Issue 19809, 2 December 1927, Page 12
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145FORTUNE DISAPPEARS. New Zealand Herald, Volume LXIV, Issue 19809, 2 December 1927, Page 12
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