CARPENTER’S BANKRUPTCY

Sun (Auckland), Volume 1, Issue 34, 3 May 1927, Page 7

CARPENTER’S BANKRUPTCY

-‘HIS SHARE OF MISFORTUNE” “I think he has had his share of misfortune,” sympathetically remarked the official assignee, Mr. G. N. Morris, in hearing the case of William Norman Percy Davies, a bankrupt carpenter of Huapai. _ , , Liabilities owing to unsecured creditors amounted to £175 9s scl and the assets were furniture 'and tools valued at £ls. The deficieficy was therefore £l6O 9s sd. In his statement Davies said he bought a small farm in 1921 at Taupaki, and built a house on the property, the total value being £1,238. Owing to the failure of his crops he could not pay interest on the mortgage and he was forced to sell in 1923, losing over £2OO on the transaction. Since then bankrupt had been getting whatever work he could at his trade as a carpenter. 111-health had lost many months’ employment and it is two years since he had regular work. One of his children had been seriously ill in hospital and bad luck has dogged him since he purchased his farm four years ago. Replying to Mr. Morris, the bankrupt said he had “picked up” by more than £2OO since his land failure, and, given reasonable time, he was confident of his ability to pay his creditors in full, finally adding, “I’ll do my level best to pay my debts.”