BANKRUPT’S RISE AND FALL
Auckland, June 7,
Charles Percy Hahsen, sheepfarmer. at a meeting of his creditors, stated that in 1912 lie had only 30/- and a pair of blankets, when the owner signed over to him a sheep station of S 4 square miles, and trusted him to pay £25,000 for it. Tn one big coup within a week lie was able to clear the station and have in hand a number of sheep, as well as £5,000 in cash. In a. number of farm transactions later he lest everything - . He. had been adjudged a bankrupt in Wellington, with liabilities of £1,310 and no assets. He still had his pair of blankets on an island in the TTanraki Gulf. A creditor said he knew Hansen to be an honourable man. He had got into difficulties ten years ago and when lie got money later be |,.,i,l nil his creditors with interest, The meeting passed a resolution sympathising with the bankrupt, and requested the assignee to facilitate fiis discharge, there being two dissentients.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/MH19240610.2.28
Bibliographic details
Ngā taipitopito pukapuka
Manawatu Herald, Volume XLVI, Issue 2743, 10 June 1924, Page 3
Word count
Tapeke kupu
173BANKRUPT’S RISE AND FALL Manawatu Herald, Volume XLVI, Issue 2743, 10 June 1924, Page 3
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Manawatu Herald. 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 Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in