IN BANKRUPTCY.
INSOL V ENTS’ STATEM EN TS
Messrs. Wright and Kerr, coach proprietors of Wbatatutu, have filed a statement of the cause of their insolvency. They state they started business with £240, which was spent on one coach, five horses and harness. The whole of the plant was mortgaged for £4OO to buy T. Cassidy’s coach, which cost £3OO, and the balance of the money was spent in additional plant. The mortagees w 4 ore C. Neenaii, L. B. Tullock and J. 11. Quinn. They were unable to meet their bill on March Ist. and the mortagees closed down, and the business only realised £3OO. Had they been allowed to carry oil business they would have done tlieir best to carry out tlieir obligations, but they were pushed by creditors and forced to file. The remaining assets were £74 9s book debts, and £4 worth of furniture. The liabilities were. £239 10s 9d.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/GIST19090420.2.31
Bibliographic details
Ngā taipitopito pukapuka
Gisborne Times, Volume XXVII, Issue 2480, 20 April 1909, Page 6
Word count
Tapeke kupu
154IN BANKRUPTCY. Gisborne Times, Volume XXVII, Issue 2480, 20 April 1909, Page 6
Using this item
Te whakamahi i tēnei tūemi
The Gisborne Herald Company is the copyright owner for the Gisborne Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in