THE CREDIT PUZZLE.
AN ASSYRIAN HAWKBR'S FAILURE. Pr Press Association. Wellington, September 25 At a m-H-ting of credi.ors in the estate of Philip Stephen, an As yrian, who carried on business as a draper in the city, it was shown rh-vt his indebtedness amounted to £3666 and assets to £648. Five years ago he was ( burned out in Wellington and received - £750 from the Insurance Company's. After piying this to his creditors he was £3OO or £4OO in de-it. Threi years ago he stirtud business in she city again without capittl atjd only with goods he brought back from hawk ing trips in the country. 'Che Official Assignee said i* was puzzling to know how b-inkrupt obtained so much credit. The crpditoie decided on a public examination of bankrupt. ,
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Taranaki Daily News, Volume XXXXV, Issue 206, 26 September 1903, Page 2
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129THE CREDIT PUZZLE. Taranaki Daily News, Volume XXXXV, Issue 206, 26 September 1903, Page 2
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