DRAPER’S FAILURE.
COMPETITION TOO KEEN. ILLNESS OF WIFE. With unsecured debts amounting to £149 13s 3d and stock-in-trade estimated at £3O 6s 9d, his sole asset, Colin Senior Lawrence, draper, of Hamilton, was called before a meeting of creditors in his bankrupt estate to-day. The meeting lapsed for want of a quorum.
Bankrupt, who said he had been carrying on a ladies' outfitting business in Victoria Street, attributed his failure to very keen competition which had compelled him to sell at a very low margin of profit and at times at a loss. The illness of his wifa had cost him more than he could afford as well as leaving him to run the business on his own account. A frocking firm had obtained Judgment for £76 2s 6d against him and, bankrupt explained, he had been forced to file.
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Waikato Times, Volume 119, Issue 19889, 19 May 1936, Page 6
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140DRAPER’S FAILURE. Waikato Times, Volume 119, Issue 19889, 19 May 1936, Page 6
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