BANKRUPT’S WOES
OWES £4,000 BUT HAS NO ASSETS Press Association. CHRISTCHURCH, Thursday. Too dear land, losses on sheep, bad health, a bad season and heavy expenses were the reasons for failure given by Arthur Thomas Shields, formerly a farmer of Hawarden, when he met his creditors to-day. The official a.'*%Lgnee said that bankrupt had lost £ 4,000 of his own and there was £4,000 owing to creditors. His assets were nil, and there was no clear statement where the money had gone, but one could imagine a great deal of buying of land at high prices and selling at low prices and the same with stock. The meeting was adjourned.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/SUNAK19280518.2.54
Bibliographic details
Sun (Auckland), Volume II, Issue 357, 18 May 1928, Page 7
Word Count
109BANKRUPT’S WOES Sun (Auckland), Volume II, Issue 357, 18 May 1928, Page 7
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