A BANKRUPT'S STATEMENT.

Wairarapa Age, Volume XXXII, Issue 3183, 7 May 1909, Page 3

A BANKRUPT'S STATEMENT.

Walter B. Giesen, settler, of Aorangi, who was on Monday last adjudged bankrupt, and whose creditors meet in Wellington on the 13th inst., Has made the following statement, says the "Manawatu Standard" : "In February, 1908, the Commissioner of Taxes got judgment against me for my income tax, which including costs, amounted to something over £3OO. I fought the case at considerable expense and inconvenience without avail, and now for a man in 'God's own country' to have to file his schedule to pay his income tax, is, to my mind, unique. "No sooner did the Commissioner obtain judgment than mv creditors almost to a man apparently thought they had better do the same, and it is those facts, coupled with recent heavy losses, of which you will hear more anon, that force me to seek the temporary protection I have done. "My private creditors have my sympathy, and all I can say is that my estate, at the Government's valuation, shows a surplus of £6,000, which, I trust there will be sufficient after the Official Assignee's pruning knife heen at them, to pay them all in full, -if not, I shall not rest until they are paid in full."