BANKRUPTCIES

Evening Post, Volume CIX, Issue 38, 14 February 1930, Page 11

BANKRUPTCIES

WELLINGTON RETURNS

146 CASES IN 1929

The total number of bankruptcies in the Wellington district during the year ended 31st December, 1929, was 146— 124 petitions filed by debtors and 22 adjudications on petitions by creditors. Of the petitions filed by debtors, 37 were in Wellington itself, 22 in Wangaaui, 2S in Palmerston North, 5 in Dannevirke, 9 in Masterton, 8 in P-ahiatua, and 15 in Tailiapo, while of the 22 adjudications on petitions by creditors, 10 were in Wellington. There was one case, in Wellington, in which a composition was accepted; 33 cases—l 4in Wellington—in which orders of immediate- discharge wore granted by the Court; and 12 —10 in Wellington—in which orders of discharge were suspended by the Court. The total amount of liabilities, as shown by the statements filed, was £96,227 (Wellington alone £37,809), and tlio total amount of assets was £68,145 (Wellington £49,819), while the total amounts secured to creditors, not included in the previous figures, was £67,936 (Wellington, £42,465). The total amounts of debts proved was £104,086 (Wellington, £49,210), and the assets realised by the .Official Assignee totalled £19,679 (Wellington, £7029). The total paid in dividends, excluding preferential and secured claims, was £10,340 (Wellington, £2845); tho preferential claims paid —rents, rates, wages, etc.—aggregated £1737 (Wellington, £427), and the total paid for secured claims was £1192 (Wellington,. £195). Classified in accordance with the liabilities, there were in all four bankruptcies for under £50 (2 in Wellington); 13 from £50 to £100 (3 in Wellington); 40 from £100 to £250 (10 in Wellington); 31 from £250 to £500 (14 in Wellington); 25 from £500 to- £1000 (9 in Wellington); 18 from'£looo to £2000 (5 in Wellington); 8 from £2000 to £5000 (3 in Wellington); and ouo (in Wellington) of over £500. Sixty-eight callings were involved: No less than 27 of the bankruptcies described themselves as labourers, and there were also 9 farmers, 5 builders,' 4 carpenters, 4 carriers, 4 hotelkeepers, 4 fruiterers, 3 -contractors, 3 cordial manufacturers, 3 electricians, 3 garage proprietors, 3 hairdressers, 3 salesmen, 3 storekeepers, and 3 tobacconists. Of bakers, butchers, cabinetmaJters, chemists, drivers, drovers, electrical engineers, engine-drivers, married women, motor mechanics, Natives, and plumbers, there were two each, and there were also a bowling green proprietor, a brewer, a cycle trader, a dentist, a. flaxmiller, a. horse trainer, a journalist, a millinery manufacturer, a newspaper runner, a schoolmaster, a. taxi-pro-prietor, a tea-room proprietor, a watchmaker, and a- woodcutter.