SALE OFFER INTENDED

Poverty Bay Herald, Volume LXIII, Issue 19122, 17 September 1936, Page 15

SALE OFFER INTENDED

BANKRUPT P.USINKSS

(Per Press Association.)

WELLINGTON, this day

Tlio affairs of the Dominion Alerpiintilc Agency, Limited, wore cussed to-day 'when tlio official assigneo, -Mr. Tousley, presided over n meeting attended by between! -11) and 50 people, the majority solicitors, representing the creditors. Assisting Air. Tousley ’was Ah'. I’owles, the.solicitor appearing for the petitioning creditor, boss and Glendining, Li tutted.

tt was unanimously decided to make no application to the court for the appointment of a liquidator in place of the official assignee, or for the appointment of a committee of inspection, and Mr. Tousley will carry on with the liquidation. It was decided that the official assignee should call for tenders for the purchase of the business us .a going concern and as a whole, or for the purchase of the separate brunch oft in Wellington, Auckland, and <Ti rist - church. Although no detailed statement; was avn.ilal.de as to the exact financial position of the agency, the deficiency was slated, to be between £001)0 and £7OOO. 'The creditors numbered 700 and the debtors HOO.