BANKRUPTCY OF A HAWKER

Taranaki Daily News, 23 December 1930, Page 7

BANKRUPTCY OF A HAWKER

DEPRESSION AND BAD WEATHER. OHURA BUSINESS FAILURE. There were only two creditors present at a meeting called at New Plymouth yesterday regarding the bankrupt ©state of Nicholas Saba, a hawker, of Ohura; The presence of three creditors being necessary for a quorum, the meeting was adjourned sine die by the deputy official assignee, Mr. J. S. S. Medley. Bankrupt’s statement showed that the amount owing to unsecured creditors was £951 6s. 6d. There were no secured creditors. The assets, being stock in trade at Ohura, were ■ estimated at £4OO, and book debts at £l4 17s. 3d., ,a total of £414 17s. 3d. < , .

In his written statement Saba said his business suffered through general de-* pression, shrinkage in trade and loss of goods by flood damage at Ohura. During the winter business had .been particularly bad and unsatisfactory, and bad weather prevented him from travelling with his goods. Ohura being a remote place, the procuration of goods had been expensive. The district had only a small population and while he was confined to doing business in Ohura through bad weather little was done.

His creditors had been informed of his position and he understood they were agreeable to accept his offer to pay £3O for pro rata distribution with the exception of A. Woolley, who took action against him. A distress warrant against him was enforced and he was ’ forced to file in. the interests of his creditors. Personal expenses in regard to the upkeep of his family and expenses ' of travelling from place to place had been heavy. He had seven children, said Saba, questioned by Mr. Medley. Reni had cost

15s. a week. He came to Ohura 15 inonths .ago from Martinborough. He then had a deficiency of about £l5O.

There were no travellers in the district” and he had to go] to Wellington each tinie he wanted more stock, Saba said, in answer to a creditor.

The .creditors were: ; Bruce Woollen Manufacturing Co., Milton, £135 6s. lid.; htacky, Logan, Caldwell, Ltd., Wellington, £122 Os, fid.; Brodric. and Co., Ltd.* Wellington, £93 19s. 4d.; Saracen Shoe Co., Ltd., Wellington, l £7,7 3s. Sd.; Kaiapoi . Woollen Co., Wellington, £5O 3s. 2fi.; K. Alexander and Co., Wellington, £l2 35.; C. S. Grear and Co., Ltd,, Wellington, £4O; S. Wakem, Wellington, £3O; J. Moron, Wellington, £lO 6s, 5d.; Early Bros. Trading Co., Ltd., Wellington, £5 175.; Leicester Knitting Co.,.Wellington, £4 9s. 3d.;-Wright and Witt, Wellington, • £1 Os. 5d.; Dove and C 0.,. Ltd., Auckland, £29 10$; 2d.'; Manchester. Importing Co., Ltd., Auckland, £24 19s. Id.; Hunter, Harrison, Ltd., Auckland, £l9 Bs. lid.; Albert‘Woolley, Ltd., Auckland, £4B 18s. 4d.; S. Harris', Napier, £7 25.; Campbell (garage), Martinborough, £ll ss. 3d.; Taumhrunui Press, £l7 145.; Kallil Motors, Ohura, £4B 10s. 6d.; William and Bruce, Ohura, £1 16s. 5d.; Hart, Tucker and Danniels, Carterton, £1; D. Rowe, Featherston,' £l5; Mrs. E. Cameron, Carterton, £10; W. Rosevear, Ohura, £11; E. and 1 G.' Saba, Ohura, £6O; Ohura Medical Association, £4 10s.; Ohura Town Board,, £2 10s.; J. Adamson, Featherston, £1 4s. 6d.; W. Roper, Martinborough, 17 s. 6d.; W. McKay and Co., Martinborough, £1 Bs. Bd.; S. H. Nicols, Greytown, ■ £1 Is.; Canterbury Woollen Co./135.;: H. L. Young, Ltd., Palmerston -North, ,9s. 6d.; J. Saba, Featherston, £l5;- W. G. Clark, Ohura, £5 35.; H. E. Webb, Maryborough, £1 Ils. 6d.; Mrs. V. Saba, Ohura, £23 18s. 6d.; Watirarapa Automobile Association, £2 2s. .