A FAILING BUSINESS
YOUNG GROCER’S TROUBLE BANKRUPTCY ACT CHARGES A young grocer, Frederick Henry Charles Jenks, whose business fell back at the rate of £2O a week during the first few months of operations, was charged at the Police Court yesterday under the Bankruptcy Act with failing to keep a proper book of accounts three years prior to bankruptcy, and with having contracted debts of £6O 4s 4d to L. D. Nathan and Co., without reasonable expectation of being able to meet them. John H. Robertson, chief clerk in the official assignee’s office, said that accused was adjudged bankrupt on February 9, 1927. His statement showed liabilities to unsecured creditors £472, and debts proved £426. The assets had produced £ 3 19s. Irving Clarke, director of Irving Clarke, Ltd., said that accused began dealing with his firm early last June. Late in June and July he got £l5O into debt, and none of this money could be recovered. While in business accused had fallen back £2O a week Jenks pleaded not guilty and was committed to the Supreme Court for trial.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19270715.2.177
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Sun (Auckland), Volume 1, Issue 97, 15 July 1927, Page 16
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180A FAILING BUSINESS Sun (Auckland), Volume 1, Issue 97, 15 July 1927, Page 16
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