BANKRUPT BUTCHER

Evening Star, Issue 19660, 13 September 1927, Page 13

BANKRUPT BUTCHER

OFFER TO CREDITORS The Official Assignee (Mr W. D. Wallace) presided at a meeting of creditors yesterday afternoon in the bankrupt estate of Thomas Howard Jarvis, butcher, Dunedin. Bankrupt’s statement showed that ho owed unsecured creditors £145 16s 4d, and that there were no assets. The principal unsecured creditors wore: — Mercer and Mitchell, £39; Andrew Lees, Ltd., £l9; Knox Bros., £lB 12s; H, 0. Oettli, £37 13s 6d; and Speight, Justice, and Co., £8 4s 3d. In his sworn statement bankrupt said that ho had started business in Dun-edin-at 331 George street as a butcher early in 1925. Ho took a lease of a shop which had not formerly been used for that class of business. He had £75 in cash when he started, of which £SO had been lent by his brother. He had to fit up the premises to comply with the regulations, and this ran him into £9O. After he started he alleged that another butcher, whose premises were only a few doors away, cut down the prices, and in order to get the trade lie had to do likewise. The result was that there was no profit. He assigned his estate to Mr H. Booth for the benefit of his creditors in October, 1925, and carried on to the end of January, 1926. when the premises were vacated. He was managing for Booth, but the business was not a success. ' Since then he was employed as a journeyman butcher. He was now employed in Invercargill, where he earned £4 16s per week, out of which he had to support his mother and younger brothers. Mr W L. Moore represented bankrupt

There was no quorum, bankrupt being examined by the Official Assignee. Bankrupt agreed to endeavor to borrow £6O in order to pay a dividend to his creditors, or, if he could not do that, bankrupt promised to pay £1 per week. The Assignee stated if bankrupt found the lump sura he could apply for his immediate discharge.