BANKRUPTCY.

Poverty Bay Herald, Volume XLV, Issue 14574, 9 April 1918, Page 7

BANKRUPTCY.

The following is a statement by John Whitaker, bankrupt: "I leased a billiard saloon at Waipaoa, Kaitavatahi, at the end iof • November last.. I had capital of £25 to £30, and was doing all right by tho end of December, when the freezing works employees asked mo to supply them with meals. I borrowed some money from a 'money-lender for this purpose," and could have done well, as I had ; rented a small farm opposite and stocked same, so that.l could get all supplies at the cheapest rate. Owing to the first, instalment not being paid to the money-lender on the due date, he put a bailiff m possession of |my property, and I considered it best to file my petition for tho benefit of my creditors." ' 'iM^X., is\- : r, k The ftnarieiaT'st&teine'nt snows? a surplus of £236 657 d.. Assets are set. down •as follows : Sulky, £10 ; .cash m hands of auctioneers, estimated at £300 ; furniture, £15; leasehold, £10; surplus from securities m hands of secured creditors, £185 58— £520 ss. are:— Secured,, creditors, £226 15s; unsecured creditors, £283 18s sd. Securities are estimated to value £412. Unsecured creditors are : Grundy and Sherinan, Ltd. furnishers, £80 12s; Richards and Stewart, Kaitaratahi, storekeepers, £62 4s lid; Samson Bros., Gisborne, , auctioneers^ £32 • J. B; Poyfttoii. Te Karaka, farmer (rent), £22 10s; J.. Faulkner, Gisborne, carpenter, £21 16s; Geb. Smith, Gisborne, builder, £12; McGr\ier and Co. , Gisborne, :■ clothiers', . £18 ; ■: J. B. Ley don, coachbuilder, £13 ; J), W. Coleraan, . dealer, £8 ll's; W. Miller, tobacconist, £10 2s ; 6d; Mrs. L. Gooch, Kaitaratahi (wages), £2; J. Godch, laborer, Kaitaratahi (wages), £1 2s— £2B3 18s sd. Secured creditors: W. D. Lys r niair, factory proprietor, ' amount of debt £120, sSciirity £162; W. -L.^ Balkirid,' money-lender, amount of debt £106 15s, value of security, £250. The lease of, boardinghp^se, Jjjlliarj : ta.ljlos, and part furniture was valued at £ld.