HER UNLUCKY LEGACY.
LONDON, August 25. How a gilt of shares became a crushing financial burden that landed the holder in the Bankruptcy Court was revealed in the case of Miss Florence M>iy Clifford. She stated that in 1918 her late father gave her 17,000 £1 shares in the Consolidated Assurance Company, Limited, on which 2s a share had been paid up. The company went into liquidation in 1926, and the liquidator obtained judgment on her unpaid calls, which, with interest, amounted to £16,781. This had made her bankrupt- An income of £SOO a year from her father’s estate had vanished owing to the depreciation of the investments. The £16,781, however, was the only liability.
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Bibliographic details
Star (Christchurch), Issue 18578, 28 September 1928, Page 3
Word Count
115HER UNLUCKY LEGACY. Star (Christchurch), Issue 18578, 28 September 1928, Page 3
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