BIG BANKRUPTCY IN POVERTY BAY.
DEFICIENCY OVER £55,000,
Gisborne, Nov. 29. Losses due to slump in values of land and. stock are the attributed causes of one of the largest failures in Poverty Bay for some time. The bankrupts are David Caldwell, William Aitken Caldwell and Thomas Hunter Caldwell, sheepfarmers, of Tolaga Bay. Bankrupts’ financial statement to the deputy official assignee show liabilities amounting to £102,674, while the total assets are £47,208, all being in the hands of secured creditors to whom is owing £89,220. Debts totalling £13,454 are owing to unsecured creditors, leaving a total deficiency amounting to £55,446.
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https://paperspast.natlib.govt.nz/newspapers/MH19281201.2.17
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Manawatu Herald, Volume XLIX, Issue 3878, 1 December 1928, Page 2
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100BIG BANKRUPTCY IN POVERTY BAY. Manawatu Herald, Volume XLIX, Issue 3878, 1 December 1928, Page 2
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