JEWELLER’S LOSSES
£B,OOO DWINDLED AWAY (Special to THE SUN) HAMILTON, To-day. A committee of creditors of John Edward Fitt, watchmaker and jeweller, of Auckland, was set up at a meeting yesterday to consult with the official assignee as to the best means of realising Fitt’s assets. Bankrupt said he began business in 1910 with £25, and by 1918, when he had four establishments, he was worth £B,OOO. Later he lost half this sum in a farm land deal, and then a slump at Palmerston North put him so far behind that he had only £ 600 when he came to Auckland. He had no luck in business in the North. The amount owing to unsecured creditors was given as £460, and the assets on the schedule were £673. There was a nominal surplus.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/SUNAK19290223.2.144
Bibliographic details
Sun (Auckland), Volume II, Issue 596, 23 February 1929, Page 16
Word Count
132JEWELLER’S LOSSES Sun (Auckland), Volume II, Issue 596, 23 February 1929, 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