A BANKRUPT'S STATEMENT.

Manawatu Herald, Volume XXXI, Issue 457, 6 May 1909, Page 3

A BANKRUPT'S STATEMENT.

Walter B. Giesen, settler, of Aorangi, who was on Monday adjudged bankrupt, and whose creditors meet in Wellington on the 13th inst., has made the following statement “In February, 1908. the Commissioner of Taxes got judgment against me for my income-tax, which, including costs, amounted to something over ,£3OO. I fought this case.at considerable expense and inconvenience without avail, and now for a man in ‘ God’s own country,’ to have to file his schedule to pay his income-tax, is, to my mind, unique. '“ No sooner did the Commissioner obtain judgment than my creditors almost to a man apparently thought they had better do the same, and it is those tacts, coupled with recent heavy looses, of which you will hear more anon, that force me to seek the temporary protection I have done. “ My private creditors have my sympathy, and all I can say is that my estate, at the Government’s valuation, shows a surplus of which, I trust there will be sufficient, after the Official Assignee’s pruning knife has been at them, to pay them all in full. If not, I shall not rest until they are paid in full.”