CREDITORS POOR OUTLOOK
FAILURE OF HOTELKEEPER. By Telegraph.—Press Association. Christchurch, Last Night. “The prospects for the unsecured creditors are very bleak indeed,” said the official assignee when a deficiency of £5OOO and assets valued at under £lOO were shown m the bankrupt estate of George Sidney James, hotelkeeper, Lyttelton, at a meeting of creditors. The meeting, being in fairly general agreement that toe economic depression was toe main cause of bankrupt s fai ure, passed a motion recommending the assignee to facilitate his discharge. Bankrupt attributed his failure tp paying excessive rent and to declining busmen, which decreased from £ll5 a week m 193 U to £95 in 1931 and £5B in 1932.
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Taranaki Daily News, 24 March 1932, Page 5
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113CREDITORS POOR OUTLOOK Taranaki Daily News, 24 March 1932, Page 5
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