BANK MANAGER’S BANKRUPTCY
BORROWED FROM FARMERS Press Association. WELLINGTON, Tuesday An extraordinary bankruptcy case was the subject of a meeting of creditors to-day, the estate being that of James Douglas Adams, who recently retired from the Bank of Australasia at Levin, where he was manager. His only assets were £35. There was £BSO owing to unsecured creditors, none of whom was secured. Only a small proportion of the total amount was owing to tradespeople, the t u.lk of it being to various farmers and ether people from whom the bankrupt tad borrowed sums. One amount was ward. According tc the bankrupt’s statement he had borrowed to repay a friend's debt of £l5O, but was let down, and took to drink. He was questioned at length and a most unsatisfactory position was diseased leading to the meeting resolving that bankrupt should be publicly examined before a magistrate.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/SUNAK19270907.2.161
Bibliographic details
Sun (Auckland), Volume I, Issue 143, 7 September 1927, Page 16
Word Count
146BANK MANAGER’S BANKRUPTCY Sun (Auckland), Volume I, Issue 143, 7 September 1927, Page 16
Using This Item
Stuff Ltd is the copyright owner for the Sun (Auckland). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in