BANKRUPT BUTCHER

Sun (Auckland), Volume IV, Issue 1078, 16 September 1930, Page 10

BANKRUPT BUTCHER

DISCHARGE TO BE DELAYED From Our Own Correspondent HAMILTON, Today. Efforts to unravel the tangled affairs of Percival Frarcis Bayley. a young butcher, formerly of Huntly. were made by creditors at a meeting before the official assignee, Mr. V. R. Crowhurst, today. Bankrupt’s schedule showed debts £32S and assets £75, a deficiency of £253. According to his statement, bankrupt first got into debt to stock agents, when his business at Huntly was difficult to run owing to pricecutting. Later, he* exchanged a business at Pukemiro, entering into an agreement to manage the shop and get a half-share of the profits. Bankrupt claimed That the present occupier of the shop was using his plain. but refused to acknowledge bankrupt’s claim to a half-share. A solicitor for one of the creditors described the bankruptcy as a good example of what happens when a man’s books are improperly kept. The assignee said that bankrupt made a mistake in failing to have the agreements in writing. He expressed the opinion that the discharge should be delayed until bankrupt had paid some dividend.

A resolution supporting the assignee’s recommendation was carried.