LOSS ON PROPERTIES
AUCKLAND BANKRUPTCY A NOMINAL SURPLUS (Per Press Association.) AUCKLAND, this day. A statement which the Official Assignee described as illuminating, was presented to a meeting of creditors .by Benjamin Irwin Bollard to-day. ills debts total £225 and his assets £853, leaving a nominal surplus of £628. The statement showed that he was a successful provision merchant from 1906 to 1914, when ho sold the business, and was independent. From 1915 to 1924 he was successfully engaged in land and commission agency, As a side-line in 1925-26 he built 15 workmen’s homes and sold them for £750 each. In .1927-30 the purchasers were vacating the houses, while his rates and taxes were increasing. In 1930 he called his creditors together and then showed a surplus of £17,000. Since then he had incurred no debts. Ho attributed his position solely to the landslide of property values. The creditors were sympathetic anrt requested tho assignee to facilitate his discharge, and returned to him his office furniture and car.
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Bibliographic details
Poverty Bay Herald, Volume LX, Issue 18263, 5 December 1933, Page 6
Word Count
168LOSS ON PROPERTIES Poverty Bay Herald, Volume LX, Issue 18263, 5 December 1933, Page 6
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