Sensational Bankruptcy.

Gisborne Times, Volume XXIV, Issue 1951, 6 December 1906, Page 2

Sensational Bankruptcy.

LARGE SUMS OF TRUST MONEY INVOLVED, mB&BB - MISPRESS ASSOCIATION. Mastcrton, last night. Considerable interest was manifested yesterday in business circles throughout Wairarapa, when it was rumored that the deficiencies in the bankrupt estate of Henry Stratton Izard, solicitor, of Groytown, amounted to a very large sum, and that included in the liabilities were large sums of trust money. The principal deficiencies in the trust funds are—

Estate of Mahupuku ... £16,000 Trustees of Mrs S. Vennell 1,800 W. O. Williams, Groytown 2,050 Leah Bros., Carterton ... 1,090 The statement handed by the bankrupt to the Deputy Official Assignee shows an estimated deficiency of L 25,595 18s, made up as follows :-Liabilities : Unsecured creditors, L28,6<34 18s. Assets: Book debts, estimated to produce L 700; cash in hand, L 4 ; property, L 98 0; surplus from secured creditors, L 1385 ; total, L 3069. The only secured creditor is John Judd, of Groytown, farmer, who holds securities valued at L2OOO for a debt of L 615.

Among tho unsecured creditors are the estate of Mahupuku, care of H. C. Robinson, Mastcrton, L 10,000; trustees Mrs 8. Vemicl, care of II R. Bunny, Carterton, L 180 0; Wm. llammcrick, merchant, Altona, Germany, Lo 50; Mrs H. Bunting, Mastcrton, L 525 , Mrs G. Rowe, Botone, L 220;00; W. 0. Williams, settler, Groytown, L 2050; Leach Bros., settlers, Carterton, L1139Q 10s ; W- 11. R. Jones, settler, Re-1 tone, L 515 ; A. C. Feast, baker, Carterton, L7OO ; J- Judd, settler, Groytown, LSCO ; I'bos. Cunncll, farmer, Dalcfiold, L 705 ; A. R. Hadfield, gardener, Carterton, L 856 ; G. A. Fail-brother, Ltd., auctioneers, Carterton, LlO5 ; estate of H, Wilson, Carterton, LIOO ; P, Nesbitt and Co., merchants, London, L 220;50; W.F.0.A., about LlB7 14s I lOd; S. Hayes, coach proprietor, Grey-I town, L 404 10s; Horiana KingL native, Papaki, L7lO ; Chas. Harris, sheepfarmer. I MastertQn, ISQQ,