A BANKRUPT FARMER.

Taranaki Daily News, Volume XLVII, Issue 81837, 1 September 1906, Page 2

A BANKRUPT FARMER.

The DcpuiyOfficial Assignee's office 01 Frid-iy morning Harry Bendall Ali ! s bankrupt, w.is examined by the D.O.A ' he creditors' meeting lapsing foi tvant of quorum. The bankrupt state.' that He had commenced farming ai tfawera on Hales' f inn, having boughi a goodwill of a lease. He then had 10' money of his own, but owned a uirse and trap, against which wer lebls amounting to about £35 or £4O \. friend guaranteed £IOO at the ban 1 , md in three years farming he go ■lohind, owing .to long illness. 'Vn ecured debts of £IOO, in addition t the £IOO at the bank. He had 2u ,'ows and a bull, under bill of sale for 680, and th ; s bill wis taken over bj Mr Fislicr when the bankrupt took r'ishcr's farm, at Koru, of 113 i acres he purchase money being £9OO, on which bankrupt was to pay seven er cent.. He paid no interest, however, in his thirteen months occupation of the farm. He had a dairy plant of his own, and was practically working for the Oakura fa:tory, sjpar ting and conveying cream to the factory at the rate of 3s per 100 gal lons, He attributes his position to Tlnoss, poorness of the land, and loss oi eattio. He had no assets, no money uid no expectations of any. Air Fnzhirbert, uppeariug for the K-.iu SawI milling Com, any, elicited statemen i that liankrup was m .in insolvent position when he went on to Fisher's farm nud Eislier knew tlut. In eonliact-ini the debt with the sawnnllers, lie hai told them he had no cash. Fisher ha. removed the cattle, but bankrupt die uot think ho h d sold them, Tin luniiiure was under hill of sale. Thirteen of bus catiie died. He km earned nothing from May 11)05 U Octolcr 1935,ii0r front Jure lilOG U th; date of bankruptcy. "While it Koru he had his hand broken, bloo poisoning set in, and he was laid up in New J lymoutli,