NO ASSETS.

Taranaki Daily News, 30 November 1922, Page 2

NO ASSETS.

BANKRUPT ’BUS DRIVER. ESTATE OF R. MOORCOCK. With a statement revealing no assets and showing a deficiency of £541 ss, Robert Moorcock, motor-’bus driver, of L Opunake, appeared before a creditors’ i meeting at New Plymouth yesterday ’ morning. The D.O.A. (Mr. J. S. S. 1 Medley.) presided, there being also ■ present: Messrs. Therkleson, Falks ' (Thomas and Johnson), and Kendrick. ’ 4 The bankrupt was represented by Mr. I *H. R. Billing. t Bankrupt’s statement showed amounts owing unsecured creditors £441 ss, to secured creditors about £7OO, less estimated deficiency on securities £IOO S a total indebtedness of £541 ss. The list of unsecured creditors was as follows: R. Kendrick, taxi-driver, New Plymouth, £100; J. Fielding. fruitgrower, Havelock, £100; Taranaki Daily 1 News £l2; Therkleson and Morrison, 1 motor proprietors, New Plymouth, £23 ; ss; R. Whale, New Plymouth, £4; r Thomas and Johmson, New Plymouth, ’ £2OO, a total of £441 ss. 1 Amounts owing to secured creditors ' were shown as: Repatriation Board, £175; Thomas and Johnson, not known. “There years ago I ’was driving a s Hudson car for hire on, the New Ply- ’ mouth-Opunake road.” said bankrupt in a written statement. “I bought the car from E. Wooldridge, the price being £4OO. I paid £lOO cash. I paid no more off it, and in the finish I gave it back to him. I was doing well then. Two years ago I took a motor ’bus from Thomas and Johnson, this costing .me just about £lOOO. Of this amount I owed £640 to Thomas and Johnson, and I borrowed £3o'o from the Repatriation Board, and £lOO went to Wellington as deposit for the ’bus. At first 1 did fairly good business with the ’bus. but it would not stand up to th 6 work, and required continual repairs. There was also extra competition in reduced fares. Through these causes I , found that I was running into debt more every day. F found it to pay off any debts, and, seeing my position was hopeless, I filed my petition in bankruptcy after losing everyi thing I had.” Examined on oath by the D.0.A., bankrupt said he had no assets except the book debts in Mr. Cattley’s hands, and a small amount in the UanK- of New Zealand. He had no savings bank account, and his life was not insured. He kept no books, but would guarantee to produce his bank pass-book, which showed all his dealings except benzine accounts, which did not go through the hank. The bankrupt denied that he lost | £lOO in one day at “put and take.” He did not lose anything at all. as he did ' not gamble, go to race meetings, or | play cards. As bankrupt could make no offer, the I meeting was adjourned sine die.