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A TIMARU BANKRUPTCY.

Tibiaiuj, July 18. The statements filed by Ross, Sims, and Co., aud the separate partners show that the firm were L 1451 to the bad, and Sims L 382, while Ross' private estate is L 5846 to the good. The firm have unsecured creditors to the amount of L 5931. The principal assets are the book debts, L 4668, estimated to produce L 3640. Of the liabilities L 216 is duo to North Island creditors, L3Bl to Dunedin, L 137 to Christchurch, L 179 to Riverton, L 59 to Melbourne, L3ll to Scotland. Ross' private estaie shows : — Unsecured creditors, L 2272 ; other liabilities, L 280 3; secured, L 12,175. The values of securities are put down at L 17,550. The principal assets are : — Book debts and rents, L 37 8; properties, L 288 8; surplus from securities, L 538 0; net surplus, L 5846. Of the L 2270 duo to unsecured creditors L 2200 is owing to six persons, Ll5O to creditors in Melbourne, L6OO to creditors in Ireland, aud L4OO to creditors in Scotland. Sims' estate shows unsecured creditors L 14 4; deficiency on securities L 353, and a net debit of L 382.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/OW18920721.2.105.2

Bibliographic details

Otago Witness, Issue 2004, 21 July 1892, Page 33

Word Count
198

A TIMARU BANKRUPTCY. Otago Witness, Issue 2004, 21 July 1892, Page 33

A TIMARU BANKRUPTCY. Otago Witness, Issue 2004, 21 July 1892, Page 33