BANKRUPT HINDU

Sun (Auckland), Volume 1, Issue 33, 2 May 1927, Page 2

BANKRUPT HINDU

NO BOOKS KEPT “The only offence that I can see ij that he has kept no books,” said UV official assignee, Mr. G. N. .Morris, a-’ a meeting of creditors in the bankruf estate of Kuvarji Bhaga, a hindu farmer, of Pukekohe. The total debt! were £557 10s 5d and the assets, fur niture valued at £ 10, the deficiency being £547 10s sd. Bhaga, who is 25 years of age, wa» a farm labourer in India before conning to the Dominion in 1921. He lease* two acres of land at Pukekohe and hai at that time £6O as capital. On expiration of the lease three years InW has was “about square.” He the* took up an area of 15i acres sub-lea* ing eight to three other Hindus. Bankrupt lost about £ 250 on his first year* crop because he “lacked experience * New Zealand conditions and becau# the land had not been worked before An interpreter was necessary in tr* examination of the bankrupt. A protracted discussion took place on Bhaga’s monetary dealings with otfi® Hindus. His transactions had a* been by word of mouth; he had sign• no deed of lease either with the l es ®~ or with his fellow countrymen to who# he had let the eight acres. The meetings was adjourned pendiw further enquiries by the official assignee and the furnishing of a state ment by bankrupt of his dealings ww other Hindus.