MEETING OF CREDITORS.
FLYING INSTRUCTOR’S BANKRUPTCY. AUCKLAND, February 5. A meeting of the creditors of Major Gerald Awdry Cadogan Cowper, formerly a salesman of Manurewa, and now flying instructor at Hamilton, was held today. In his statement, the bankrupt said that for some time he had worked on commission as a motor salesman. He had saved £5O, which he paid as a deposit on a farm at Manurewa. Until his appointment with the Auckland Aero Club as instructor last year he had not been free from financial worry, and the farm property had proved a severe handicap. His liabilities amounted to £640 13s 7d„ and his assets to £5O. He was. prepared to offer a settlement of 5s in the £. A creditor moved that the bankrupt should be asked to endeavour to pay 5s in the £, and that that sum should be accepted in full settlement. The motion was carried.
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Otago Witness, Issue 3961, 11 February 1930, Page 62
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150MEETING OF CREDITORS. Otago Witness, Issue 3961, 11 February 1930, Page 62
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