FARMER'S BANKRUPTCY

Poverty Bay Herald, Volume LII, Issue 17185, 8 November 1926, Page 11

FARMER'S BANKRUPTCY

The financial affairs of Allen Hilton Miller, a clerk, and formerly a farmer J of Gisboruc, were enquired into hy the Deputy Official Assignee, Mr. C. Blackburn, and one of his creditors at a meeting this afternoon. Mr. J. Kinder, appearing on behalf of Mr. W. R. Garhett, was the only representation of a creditor present. Mr.'"R. T. Brosuahan represeneted (be bankrupt. Questioned by the Assignee, bankrupt said that when lie took over the farm he had no money of his own. The place was a failure, and he had barely been able to make living expenses. The farm was situated in the Hood area, on the Gentle Annie load- He leased the property for;2l years at V.2 12s lid an acre, and the improvements wore valued' at £450. Tin* house was insured for £OSO, and there was a windmill and cowshed. .Mr. Kinder: 1 think there muse be some mistake about that £450. Bankrupt: Those are the figures given me by the Valuation Department. Further questioned by the Assignee, bankrupt said the interest on the money was constantly increasing, and he could not see his way to meet the debt. In fairness to the mortgagees he thought it would be better for him to leave the farm. He did not borrow from Mrs. Jordan, the mortgage being on the property when he took it over. He could not make any offer to his creditors. To Mr. Kinder, bankrupt said he left the farm about 11. months ago, and after being out of work for some time, was now in a. permanent position in an office, drawing a salary of £4 5s a week. Mr. Kinder: 1 understood from Mr. Ohrisp that you had never been pressed. Bankrupt: Mr. Ohrisp said that if [ gave him .€72 lie would give uie a clearance. Mr. Brosuahan remarked that Mr. Ohrisp had later reduced the amount to £2O or £25, but bankrupt could not. secure a clearance from the other creditors. The meeting was adjourned sine