HAD TOO MUCH MONEY

Sun (Auckland), Volume II, Issue 541, 19 December 1928, Page 12

HAD TOO MUCH MONEY

CAME TO AUCKLAND WITH £2,000

GUM-DIGGER’S LOSSES

From the Waipu gumfie’ds, Tony Katavich, a Dalmatian. came to Auckland with £2,000 in his pockets.

He had been forced to abandon gumdigging owing to ill health, so he started a confectionery business and a boardinfi-house in Victoria Street. He lost £3OO through a purchaser defaulting in payment. Katavich next started gum-buying, but prices fell, and he lost again. This morning he attended a meeting of his creditors, and said further that he had an unfortunate dea? over a house property in Wellington Street. He owed £149 2s 6d, and his assets were £SO. He was now employed as a labourer.

After examination by the Official Assignee, Mr. G. X. Morris, Katavich stated his willingness to pay off his debts if he were kept in regular employment. Mr. Morris questioned bankrupt concerning probable property in Dalmatia. "Haven't all you Dalmatians property in your own land?” the assignee asked. Katavich said that he had no claim on any property. “Katavich really had too much money, and did not know what to do with it,” bankrupt’s solicitor said, in agreeing that discharge could be opposed until an offer was made to the creditors, who were mostly countrymen of the bankrupt.