A CARTER’S BANKRUPTCY.

Stratford Evening Post, Volume XXXI, Issue 51, 14 October 1911, Page 3

A CARTER’S BANKRUPTCY.

ESTATE OF LEWIS HEVELL. A. meeting ol creditors in the. bankrupt cs in to of Lewis ilevelJ was lulled for yesterday afternoon, but as no creditors put in an appearance „ne meeting lapsed. The bankrupt’s statement snowed that there was one secured creditor, the .National Lank of New Zealand, the security covering the debt ol £l2B 9s 7d. The assets were set down as £159 2s Id, consisting of two worses (£25), oook debts no3o (Js lid, estimated to produce ijiUU), cash in hand (£3 lbs 9d) and furniture (£3O os' Id). The principal unsecured creditors were-;—Jus. Eva G. Revel! £SO, EdwiUxl Lev ell (Tauranga) £l2B 9 s Vcl, Jv Hi Thompson C 35 IDs Bd, New Plymouth Las Co. CIO 13s Id, ixemp and Sawle £0 15s Sd. ' • bankrupt made the follow i g wr.t,cn statement;—l started business in dtratford about six years ago as a uairier. My * .Limes Hovel I, supplier. me* with the tise of a horse ,di 1 ft ay, and afterwards J purchaivl them for about £OO, out of my earnings. 1 carried on business with this noise and dray for about a year, when 1 was engaged by Mr. J.- H. 1 Jionipson, agent for the New Zealand Express Company, to undertake the carrying business- for the company, .ml as part of the arrangement between us he was to keep my books. About 1908 I commenced running a ,;oal and wood business in addition to my carrying, and purchased a coal cart at £lO from Mr. Jury, paying cash. My business was gradually improving. in.the spine ygarj I obtained Mr. Newton lying’s'hide darting, and i purchased a ’lpn;y for about £SB, on bills' which 1 haddiqpld.ated in another Lwdlye months.' : ( At’ [the eaid of that time 1 pnrdifisocl a large; lorry’ for £6O odd from Mr. Pollopk, paying part in cash 1 - aiidl working off part. From time to tinie' i purchased horses for my business; but of tjiese I lost three last ybar, one in a swamp, another being staked,' and the other dying from influenza. This involved rno in "’a loss of about £60., I have also smTercd a severe loss in !connection with my account against Derby Bros. It amounted to £ 100, out of which I lost £IOO, there, being only a dividend of 7s 6d in'the £. This dividend has not yet been received. For the past two years or so I was drawing on an overdraft from ray bank, hut they refused further credit. 1 had to give a hill of sale over my chattels. The hank exercised their power of sale about a month ago, and this, combined with an accident I had, whereby my leg was broken, necessitating niy being laid up in hospital for the past six weeks, forced me to file. Besides my lorries and carrying apparatus 1 hi)vo no, other property, except my book debts. I; haye a wife and two infant children, and at present have no prospects ( l'qr, the future. Two or three of ray other creditors sued me recently, and,l.was unable to meet their claims,.,, , 1, ascribe my failure to the keen competition I have met in my business, also ,to losing money on bad debts, to the,,action of the bank, and to my accident. , It will probably he fqur to six months before 1 am discharged from; j the hospital, and 1 regret that, it would-be useless at present for mo to make any offer to my crpclitfirs with rpgiircl to paying off any -.ftebts from future earnings. Ji ■ ■ ■ „