BANKRUPT CHEMIST
“UNSATISFACTORY POSITION” CASE FOR CROWN PROSECUTOR rrcss Associaton WELLINGTON, Today. The adjourned meeting of creditors in the bankrupt eacate of Percival Cecil Fraser, a chemist, of Kilbirnie, was held yesterday. A previous meeting had been adjourned to enable a report to be obtained from the. Public Accountant on bankrupt’s books and business. After the accountant's report had been read the official assignee asked Fraser why he had not kept a record of his transactions since August. Bankrupt replied that he had not been receiving much money during that time<a.nd was paying cash for all goods received. The official assignee commented that a lot of bankrupt’s money had “gone west.” It had not gone to the creditors, who wanted to know where it had gone. The position was most unsatisfactory. In his opinion the case should be submitted to the Crown X-Tosecutor to see whether further steps should be taken under the Bankruptcy Act and he proposed to take that course. The meeting then adjourned.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19300410.2.89
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Sun (Auckland), Volume IV, Issue 944, 10 April 1930, Page 9
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166BANKRUPT CHEMIST Sun (Auckland), Volume IV, Issue 944, 10 April 1930, Page 9
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