Bankruptcy.
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AUCKLAND, Nov. 27. la the examination by the Official At : riip;nee of Tonka and Co.'s affairs, the 3inl)ilitie3 of the firm were- stated to be i-fi-ilO 12a Bd, andtheasEots .£6oll los lOd; but this deficiency would bo reduced by about .£IOOO, there being a surplus of that amount in Can's private estate. The failure of the firm is attributed principally to tho very high rental of their business premises, which wore leased for tsventy-sevcn years at *>1100 per annum, r.otiuttlttclnig xates, &.C- Ivwsis decided to sell tho trade assets by auction.
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https://paperspast.natlib.govt.nz/newspapers/TS18891128.2.28
Bibliographic details
Star (Christchurch), Issue 6713, 28 November 1889, Page 3
Word Count
95Bankruptcy. Star (Christchurch), Issue 6713, 28 November 1889, Page 3
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