“A GOING CONCERN”
A GROCER’S FAILURE TOO MUCH COMPETITION When he purchased a grocery business in Ponsonby Road as a going concern, Phillip F. Harris obviously could not have been aware in which direction it was really going. When he attended a meeting of his creditors, held before the official assignee, Mr. G. W. Morris, this morning, his position showed liabilities amounting to £3OB 0s 9d and assets £62 15s lid, a deficit of £245 4s lOd. Bankrupt attributed his failure to a number of causes, chief among which was the increase in competition since he purchased the busines in August, 1923. “Trade fell off,” said bankrupt, “and I had no option but to file.” The official assignee remarked that it was obviously of misfortune and that lie would not oppose an application for discharge*
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19270413.2.25
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Sun (Auckland), Volume 1, Issue 19, 13 April 1927, Page 2
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135“A GOING CONCERN” Sun (Auckland), Volume 1, Issue 19, 13 April 1927, Page 2
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