MEETING OF CREDITORS.

Wairarapa Daily Times, Volume XIII, Issue 4223, 20 September 1892, Page 3

MEETING OF CREDITORS.

I/I/. I/I/. Holler's Estate.

The following statement was presented by the debtor in the bankrupt estate of Wiggo Wilholm Miillvr, at the meeting of creditors held in Pahiatua on Friday last, Mr W. B. Cher,noils, D.0.A., presiding. The meeting dispersed without coming to any resolution

"I started in July, 1891, the business of carrying between liketahuna oud Woodvilhi with a capital of £ls, tho value of lincl thm belonging to

my wife, with which 1 partly purchased n (tarrying pl«nt consisting of two hrakos and six horses, giving a bill of Bale for the balance of the purchase money, which was £l5O, I was put to considerable expense right off m purchasing new harness and exchanging horsos, and shortly after starting business I became mm bio, through an illness, to work for about four months, anil so hud to employ another in my place. I also had to so to Napier for ihe sake of my health, Added to theeo difficulties, business, for about two months, becurne very slick. I suffered also a loss of about £IG by an accident in which a brake and a dog-cart were smashed to pieces. I have endeavoured to pull through my difficulties by from time to time borrowing Bums of money, for which I had to pay heavy interest. In conjunction with Mr Jensen and Messrs Fuiclisr and Hall, I took a sub-con-tract from Mr Stovens at road-making in the Main street, Puhiatua, which resulted in a loss to me of £ls. I attribute my bankruptcy to the difficulties above-mentioned, to starting the business with, an insufficient capital, and to making bad debts in my businjso,"