WELLINGTON BANKRUPTCIES
OFFICIAL ASSRiXKH OPTIMISTIC. liy Telegraph.—Press Association. Wellington, Tuesday. Mr. A. Simpson, OlliclaJ Assignee ii Wellington, reviewing the work of hi; department for the past year, said thai Iron, his point of view business in tlu city ami suburb.; had been sounder tli:ii! many people imagined. I here Here iIK bankruptcies during the 12 months—four more than i>i 1 !)07. I lull with tlie exception of a hind agent and an hotel licensee, none of these tailed for large amounts. Only eight retailers failed last, year, as against IS j;i IWI,. Six builders sought the protection of I lie Court last year, which was double Ihe number for the preceding 12 months.
I The Assignee commented on the large | valuations placed on niosl of the properties which be had bce:t called upon to handle. He said that in most cases llic values were excessive, and tint I, many properties when offered at auction by his direction had failed lo realise more than the amounts for which thev were mortgaged.
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Taranaki Daily News, Volume LI, Issue 322, 13 January 1909, Page 2
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170WELLINGTON BANKRUPTCIES Taranaki Daily News, Volume LI, Issue 322, 13 January 1909, Page 2
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