SHEEP FARMERS’ FAILURE
LIABILITIES OVER £100,00(1. HUGE LOSSES OF DEBT INCURRED Louse* due to the slump iu values of laud and stock are the attributed causes of one of the largest failures iu Poverty Bay for some time. The bankrupts arc David Caldwell, William Aitken Caldwell, and Thomas Hunter Caldwell, sheep-farmers of Tolaga Bay. The bankrupts’ statement to the deputy official assignee showed liabilities amounting to £102,674, while the total assets are £47,208, all being in the hands of secured creditors, to whom is owing £89,220. Debts totalling £13,454 are owing to unsecured creditors, leaving a total deficiency of £55,416.
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https://paperspast.natlib.govt.nz/newspapers/PATM19281203.2.9
Bibliographic details
Patea Mail, Volume XLIX, 3 December 1928, Page 2
Word Count
100SHEEP FARMERS’ FAILURE Patea Mail, Volume XLIX, 3 December 1928, Page 2
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