INSUFFICIENT CAPITAL
COAL DEALER FAILS “I think' you should finally bo able to pay all your creditors,” commented the official assignee, Mr. A. AY. AVatters, when Garnet Lewis Bryant Neeson, bankrupt wood and coal dealer, of New Lynn, met bis creditors yesterday afternoon. There was a deficiency of £6S, bankrupt owing £l2l to unsecured creditors, £l2 to secured creditors, and estimating bis securities to be worth il-’ Stock in trade was valued at and there was £ls in book debts. His bankruptcy, he said in his statement, had been due to insufficient capital, competition, and an - accident to an employee who was not insured and had obtained a judgment against him. He had been out of employment for some months before he began, without capital, as a wood and coal dealer in June last year. The meeting arrived at the opinion that Neeson, who is a single man. should secure his discharge on the payment of his creditors in full.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19300815.2.113
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Sun (Auckland), Volume IV, Issue 1051, 15 August 1930, Page 10
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160INSUFFICIENT CAPITAL Sun (Auckland), Volume IV, Issue 1051, 15 August 1930, Page 10
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