Bankrupcy.

Taranaki Herald, Volume L, Issue 12478, 10 February 1904, Page 3

Bankrupcy.

,-/ • — ' C, P. COTTIER'S ESTATE. The fallowing is the filed statement af assets and liabilities in the estate of C. P. Cottier, photographer :— ASSETS.— Selling stock, etc., £70 ; jhotographic plant, furniture in studio rtc., £225 ; on -sale of house in Youngitreet, £15. Total, £310. There is also sver 6 years' lease of Dresden Co. s premises at rental of £32 10/; and over 6 years' lease of, premises in W. Bayly's estate at rental of £52. The bankrupt in a footnote stated it would be hard to estimate what the above would realise, but he thought about half. LIABILITIES.- The list of liabilities showed a total of £317 0/2s, aEjainst wliich there were several small contras. ' The largest creditor is W. Cottier, £118 10/6. In a statement to the D.O.A. bankrupt stated he started business in. January, 1898, on a capital of £40, lent to him by his father. The business was small at first, but gradually increased. He was solvent up to the fcime when a fire occurred in February, L 902. He reckoned he lost £300 owing to the fire. Having to borrow money to obtain fresh- stock and furniture put him behind, and since May the

business had fallen off considerably. This together with sickness in his family and pressure by creditors caused him to file. If business had looked up he would have managed to keep going, but competition was too keen and there were too many studios in the town for the population. There are a couple of secured creditors in the estate. i A first meeting of creditors is convened for 11 a.m. on Monday next.