A BANKRUPT CHEMIST.
ASSIGNEE NOT SATISFIED.
[BY TELEGRAPH. —PRESS ASSOCIATION.] WELLINGTON. Thursday.
The adjourned meeting of creditors in the bankrupt estate of Fercival Cecil Fraser, a chemist, of Kilbirnie, was held yesterday. A previous meeting had been adjourned to enable a report to bo obtained on bankrupt's hooks and business. After the accountant's report had been read the official assignee asked Fraser why he had not kept, a record of his transactions since August. Bankrupt replied that he had not been receiving much mom>y during that time and was paying cash for all goods received, The official assignee commented that a lot of bankrupt's money had "gone west." It had not been received by creditors, who wanted to know where it had gone. The position was most unsatisfactory. In his opinion the case should be submitted to the Crown Prosecutor to see whether further steps should be taken under the Bankruptcy Act, and he proposed to lake that course. The meeting then adjourned.
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Bibliographic details
New Zealand Herald, Volume LXVII, Issue 20537, 11 April 1930, Page 12
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163A BANKRUPT CHEMIST. New Zealand Herald, Volume LXVII, Issue 20537, 11 April 1930, Page 12
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