SHAREBROKERS’ SUICIDE.

Timaru Herald, Volume CXXIII, 8 October 1926, Page 7

SHAREBROKERS’ SUICIDE.

CREDITORS MEET. By Telegraph—Press Association AUCKLAND, October 7. At a meeting of creditors m the estate of the late Hassell George De l l '. Garland, sharebroker, who committed suicide on September 14, the Official Assignee stated that it appeared so far that £OBOO was owing to ordinary creditors and also an overdraft, the total liabilities being £?500. The assets totalled £4383, leaving a deficit of £4171. He estimated that the estate would pay 7s to Bs> in the £• There were life insurance policies, but these were of no benefit.to the creditors. Hour creditors’ representatives signed a claim in order to form a quorum, the largest being the Diocesan Hoard £SOOO and Sir Clutha Mackenzie £550. The meeting resolved that the shares should he placed on the market for early sales, and that an offer by members of tile Stock Exchange not to press.their claims against the estate, £6OO, if the general creditors did not press the claim for the deceased’s.-! Stock Exchange seat, valued at £250 should he accepted with thanks, and that deceased’s interest in the Otago Claims Syndicate should be investigated, it being stated that be held a £SOO slufre on which £3OO wa"- owing. Deceased’s personal effects included a silver cigarette case presented to him by the Prince of Wales. The meeting adjourned.