BUSINESS IN WELLINGTON.

Rangitikei Advocate and Manawatu Argus, Volume XXXIV, Issue 9343, 12 January 1909, Page 5

BUSINESS IN WELLINGTON.

SECOND EDITION.

OFFICIAL ASSIGNEE’S REVIEW.. Per Press Association. Wellington, January 12. The Official Assignee, in Wellington, reviewing the work of his department for the past year, said that from hid yoisn of view business in Die city ami suburbs had been sounder than many people imagined. There were 88 bankruptcies during the 12 months, or four more than in 1907, but with the caption of a land agent and a hotel transferee none of these failed for large amounts. Only eight retailers failed last year as against 18 in 1907. Six builders sought the protection of the Court last year, which was double the number for the preceding 18 months. The assignee commented on the large valuations placed on most properties which he had been called upon to handle. In most cases rhe values were excessive and many properties when offered at auction by his direction had failed ;to realise more than the amounts for which they were mortgaged.