AFTERMATH OF SLUMP
LAND SALESMAN’S FAILURE. Electric Teiegrapb—Press Association CHRISTCHURCH, October 3. A deficiency of £13,364 10s was disclosed in the estate of Donald MacDonald, a land salesman, at a meeting of his creditors today. The Official Assignee characterised the failure as. another aftermath oi the slump. The assets were set down at £ll9. and the debts totalled £13.483. Unsecured creditors totalled £195 and £13,287 was owing to tji,e only secured creditor, the New Zealand Farmers.-’ Co-operative Association. The bankrupt attributed his position to the drop in stock and land prices after, he had purchased a.n estate. of five thousand acres in 1919 icr £45,330.
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Pahiatua Herald, Volume XXXVI, Issue 10958, 5 October 1928, Page 3
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105AFTERMATH OF SLUMP Pahiatua Herald, Volume XXXVI, Issue 10958, 5 October 1928, Page 3
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