PEPPER CRASH ECHO
PEER ASSIGNS HIS ESTATE. LIQUIDATION OF COMPANY. By Telegraph—Press Assn.—Copyright. < London, June 19. Lord Barnlby, head of Francis, Willey and Company, which decided on voluntary liquidation following the pepper pool collapse entered a deed arrangement with his creditors, including Inland Revenue, various banks and trading assigning the whole of his; property to trustees for the benefit of his creditors, says the Daily Express. Lord Barnby estimates the gross value of his property at £461,345, and the value of securities held by creditors £364,580, and the gross amount of liabilities £683,028, leaving net liabilities £318,448. There are also estimated liabilities £1,415,505 with respect to guarantees ■partly covered by security not forming I part of his estate and with respect to which there is the right of recourse against the principal debtors.
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Taranaki Daily News, 21 June 1935, Page 14
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133PEPPER CRASH ECHO Taranaki Daily News, 21 June 1935, Page 14
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