MORE BANKRUPTCIES.
BIG INCREASE LAST YEAR. NORTH TARANAKI RETURNS. Last year produced a comparatively large number of bankruptcies , in the North Taranaki district (New Plymouth to Eltham), the njimber of petitions filed being 14, compared with three in 1920. No doubt the financial depression had something to do with the increase, and some of the bankrupts attributed their failure to slackness of trade, while there were instances in which business failed through lack of knowledge of the particular trade which had been entered into. The liabilities of bankrupts last year aggregated £15,438 13s. Of assets there were none in some cases an-d in others the D.O.A. is still administering estates, so that the actual amount of deficit cannot be determined. One bankrupt estate returned a dividend of 2s lOd in the £ and others are likely to return such amounts as four and eight shillings. ■Businesses which were involved in the failures showed the following occupations: —Three farmers, two storekeepers, a plumber, motor mechanic, electrical engineer, hairdresser, butcher, baker, sawmiller, and a farm hand. A comparison with the previous year is:— Petitions. Liabilities. l4 £15,438 13 1920 * 3 £409 4
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Taranaki Daily News, 7 January 1922, Page 4
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189MORE BANKRUPTCIES. Taranaki Daily News, 7 January 1922, Page 4
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