BANKRUPT STATIONER.
SYMPATHY OF CREDITORS. Tlio affairs of a wholesale stationer, Gordon Erie Preston, were investigated at a meeting of creditors hold before the official assignee, Mr. A. W. Watters, yesterday. Bankrupt owed £219 to unsecured creditors. The assets were estimated to produce £6B, leaving a deficiency of £lsl. In his statement, bankrupt said he commenced business with a capital of £SO and did .well for the first 12 months. This encouraged him to expand and he moved into larger premises, his overhead charges thus being greatly increased. There had been a good deal of sickness in his family durinp the past four years. Svnnvvthv with bankrupt, was ex- ' pressed. one creditor slatinj? Hiat ho had beer, particularly industrious. "It seems that bankrupt has had difficulties and his debts "do not appear to be very substantial," said Mr. Watters. A motion giving the assignee power to realise on tho assets was passed.
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New Zealand Herald, Volume LXVII, Issue 20655, 29 August 1930, Page 7
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152BANKRUPT STATIONER. New Zealand Herald, Volume LXVII, Issue 20655, 29 August 1930, Page 7
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