DEFICIT OF £SOOO
BANKRUPT lIOTKLKKKPE’I?
(Per Australian Press Associate n.)
CHRISTCHURCH, March 23
The prospects lor the unsccur" ( ! creditors are very bleak indeed, stated fho Official Assignee when a deficiency of £5,000 and assets valued at under £IOO, were shown in the bankrupt 04 Inie of George Sidney dailies, hotelkeeper of Lyttelton, a| a meeting of his creditors. The meeting b Mlg m fa..ay g r, ’U":':i! agreement that the economic depression was the main cause of bankrupt s iailure, passed a motion recommending 1 1: ■ Assignee to facilitate the discharge <•( bankrupt, who attributed his lailure to p*'ving an excessive rent and t<> declining business, which decreased I rom ,£lls per week in 1930 to £95 in 1951 and £43 in 1932.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19320324.2.20
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 24 March 1932, Page 5
Word count
Tapeke kupu
122DEFICIT OF £5000 Hokitika Guardian, 24 March 1932, Page 5
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in