SCATTERED CREDIT

Sun (Auckland), Volume 1, Issue 47, 18 May 1927, Page 13

SCATTERED CREDIT

WELLINGTON BANKRUPT DEALING DID NOT PAY Press Association. WELLINGTON, Tuesday. A meeting of creditors called in the bankrupt estate of John Harold William Tapp, scrap metal dealer, lapsed for want of a quorum. The amount owing to unsecured creditors was £428 16s sd, and the assets were £2O. There were creditors domiciled in Wellington, Wanganui, Palmerston

North, Napier, Shannon, Kimbolton, Nelson’s Line, Feilding, Eltham, Hastings, Gisborne, New Plymouth, Hawera, Midhurst, Inglewood, Opunake, Dannevirke, Waipukurau, Stratford, Waitara, Okaiawa. They embrace bakers, carriers, butchers, doctors, motor engineers, garage proprietors, farmers, grocers, a land agent, a glazier, an outfitter, a wine merchant, an ironmonger, a furnisher, a draper and a blacksmith. The bankrupt, in his statement, said he was a married man with three young children.

Three and a-half years ago he was living at Hawera, labouring and paying his way. Then he commenced dealing in scrap metal, sometimes doing well, sometimes badly. He had the use of a car and bought a used one for £45, a cash deposit of £lO and another instalment of £lO.

It broke down and he let it go, after hiring another. Pie bought a car for £l4O, on which he had paid £3O in all weekly.