THE COLONIAL RISK LIQUIDATION.

Otago Witness, Issue 2661, 15 March 1905, Page 63

THE COLONIAL RISK LIQUIDATION.

(From Out. Owx Correspondent.) GREYMOUTH, March 9. The following Letter is published in tonight's Greymouth Star :— " Sir,— l have read with interest the report of the official liquidator of the Colonial Bank, and regret that his statement* are incorrect. For instance, in referring to the account of the J. G. Ward Farmers' Association (Limited), he states that the debentures issued v.-ore £40,000. The correct amount is £50,000— merely a difference of £10,000. He also states : ' The debentures for £40,000 -were paid in full.' The actual amount paid on account of debentures was £4-3,500 — that i?, £3500 more than stated by him. He asserts that the official liquidator of tb<? Ward Farmers' Association took over the estates Dn June 20, 1896. and that the amount awing to the Colonial Bank on that date ivas £86,757. As the liquidator did not takeDvor the estate on that date, the report is misleading aMil ire, rr- , T :ion to these inaccuracies in the m. :he public in general, and the sh?rch< -rifu-s )f the Colonial Bank in particular.— l am. stc, Wji. R. Cook. late. Official Liquidator Df the J. G. Ward Farmers' Association Limited)." Ashburton. butchers have reduced tho price p£ meat by from £d to Id per 11?