OFFICIAL ASSIGNEE'S REPORT.

Waikato Times, Volume XXXIX, Issue 3186, 24 November 1892, Page 2

OFFICIAL ASSIGNEE'S REPORT.

A. FEw'tlays ago we published figures obtained from the Official Assignee in bankruptcy in Dunedin showing the number of bankruptcies that had taken place in that city r?urin« the eic;hfc years from ISS-tto 18.01 inclusive. Th« following is a table showing how the Dnnedin district has stood during these years : — Dunedin District. Number of Paid to lear. Bankruptcies. Proofs. Creditors ISB4 ... 201 ... £156,104 ... £1(!,323 ISSS ... 217 ... 121.5J2 .. 30,08!) I 1886 ... 2fiS ... 173.539 .. 53 "29 ISS7 ... 292 ... HJ2.991 ... 30,782 ISS.S ... 203 ... H.i.OOi) .. 22577 !cnn - i 3O - 103 ' 307 - 21 ."1 890 ... 137 ... 100,323 .. IS.fiJH 1891 ... 145 ... 58.878 .. 15,987 Totals.. 1023 ... £1,0fi2.053 . £214 1.52 Balance in bank to 31st Dec,lß9l 3.529 T ot»l . £215,311 The division among tho creditors included payments for preferential claims, and amounted to 4s I.UI in the pound nearly on the proos." Mr Lawson Official Assignee for the Auckland distnet, has furnished us with the figures for the Auckland district, as follows : — Auckland Distbict. ■\r -ij ,at ■ eb6s Payments to Yr. Bankruptcies, proved Creditor--1884...14(i...£00,5f1015 11 ... £3.860 ll"? 188.-) ... IS? ... 43,10114 11 ... 10,443 14 ', ISSIi .. 204 ... 150,801 11 9 18 001 15 r ISB7 .. 1!W ... 134 185 0 0 "" ifi "77 7 1 188S ... 104 ... 207.394 12 8 1 Iβ'?W 2 7 1889 ... 154 ... 233,435 10 2 38 741 4 3 IS9O ... 127 ... 73.031 0 2 " IS 495 3 ~ 1891 ... J)? ... 87,945 4' 6 ."i 18,242 15 i! ~ , l ' 3! ? s , £087,000 107 £130492173 Balance in bank 31st Dec,lß9l 2,392 15 3

£152,885 0 S hqual to 3s Hd in the £. This would amount to a dividend on the proofs nf 3s lid in the £1, or about Is in the £1 less than was yielded during the same period by bankrupt estates in Dunedin ; but Mr Lnwsou considers it only fair to the business people of Auckland to point out that during the years 19S0-ISS9, a number of failures occtiirecl which were not ordinary comim roial failures, but which were directly triceable to land speculation. Taking a dozen typical cases, he finds that the liabilities reached the enormous total of £]$■-> w> while the assets available for divi.-iriii in" the twelve estates only amounted to £-2147, or less than 'A'A in the £1. Miminariug these figures from the total, the average dividuiieil is raised to over 3s 7d in the £1, and as these are only a portion of the legacy left by the land boom, it is evident that in rrspoct to fair ordinary tradintr, the Auckland record will eompiro very favourably with that of DuiK'din. — ITr-rihl.