FARMER’S LOSSES

Sun (Auckland), Volume III, Issue 638, 15 April 1929, Page 10

FARMER’S LOSSES

CREDITORS DISSATISFIED

Dissatisfaction with the conduct of Edwin Arthur Booth, of Halesdon Avenue, Dominion Road, was expressed at a meeting of his creditors this morning. The schedule showed his total debts at £267 and assets £2B, a deficiency of £239. Bankrupt stated that until about June, 1923, he had paid his way and vvus not indebted to anyone. Floods since that date bad caused considerable losses. He did not keep books, but everv accoLint was paid through the dairy factory. He was a married man with a wife and three children. He had a mortgage over a farm at Wharapou, and there was £425 now owing. The value of this security, he said was very doubtful. The official assignee. Mr. G. X. Morris. Questioned bankrupt at length concerning various debts and assets not shown in the schedule.

You do not appear to know much about yourself,” the assignee said. The assignee said the bankruptcy could not be classed as satisfactory. Bankrupt had had a certain amount of misfortune, but he had left the creditors practically unpaid. It was decided to leave the bankl uptcy in the hands of the assignee to make inquiries regarding bankrupt s dealings.