Post by NZBC on Jul 31, 2011 20:05:01 GMT 12
IN BANKRUPTCY.
Estate of Joe Chong Lee, of Martinborough.
Statement by Bankrupt
The statement of Joe Chong Lee, of Martinborough, fruiterer, who filed a petition, in bankruptcy on Monday last, shows the amount owing to unsecured creditors to be £1018 16s (sd, and the assets to amount to £700, leaving an estimated deficiency of £318 Kis 6d. The list of unsecured creditors is as follows :--
Smallbone, Grace aud Co., Wellington, £83 lis; A. S. Patterson and Co., Wellington, £40; Scott and Co., Wellington, £6 13s 9d; Levin and Co., Masterton, £269; W. H. Green, Wellington, £13 4s 9d; Guthrie, Brown and Co., Wellington, £78; J. Fuller, Greytown, £7 7s lOd; Wellington Biscuit Company, £51; Mandel, Harris aud Co., Wellington, £51; Hayward Bros., Christchurch, £23; Joe Kwong Lee, Palmerston North, £35; Joe Chew r , Wellington,' labourer, £24; Joe Shing Lee, Otaki, £164 lis; Wong Wah, Wellington, £178 8s 2d. Bankrupt, in his written statement, says that in July, 1905, he commenced business in Greytown; as storekeeper and fruiterer, with £28 cash. He went to Martinborough four months later with £50. Edward Kingi, a Native, went into partnership with liim there, paying £190 into the business, the money being expended in stock and fittings. During the first year at Martinborough the high price of fruit and the heavy charge for freight operated against success, and £200 loss resulted. In March last the partnership was dissolved. Kingi in the meantime had frequently obtained goods and cash advances from the business, and on this being totalled up the nett amount equalled £300 in cash. Bankrupt attributed his filing to difficulty in getting in his cash, and the loss of the £100 through the partnership. Two creditors levied execution, aud compelled him to file. Bankrupt believed that had these creditors allowed him time ho could have tided over the pressure. Wairarapa Daily Times, Volume LVII, Issue 8818, 25 July 1907, Page 5
Estate of Joe Chong Lee, of Martinborough.
Statement by Bankrupt
The statement of Joe Chong Lee, of Martinborough, fruiterer, who filed a petition, in bankruptcy on Monday last, shows the amount owing to unsecured creditors to be £1018 16s (sd, and the assets to amount to £700, leaving an estimated deficiency of £318 Kis 6d. The list of unsecured creditors is as follows :--
Smallbone, Grace aud Co., Wellington, £83 lis; A. S. Patterson and Co., Wellington, £40; Scott and Co., Wellington, £6 13s 9d; Levin and Co., Masterton, £269; W. H. Green, Wellington, £13 4s 9d; Guthrie, Brown and Co., Wellington, £78; J. Fuller, Greytown, £7 7s lOd; Wellington Biscuit Company, £51; Mandel, Harris aud Co., Wellington, £51; Hayward Bros., Christchurch, £23; Joe Kwong Lee, Palmerston North, £35; Joe Chew r , Wellington,' labourer, £24; Joe Shing Lee, Otaki, £164 lis; Wong Wah, Wellington, £178 8s 2d. Bankrupt, in his written statement, says that in July, 1905, he commenced business in Greytown; as storekeeper and fruiterer, with £28 cash. He went to Martinborough four months later with £50. Edward Kingi, a Native, went into partnership with liim there, paying £190 into the business, the money being expended in stock and fittings. During the first year at Martinborough the high price of fruit and the heavy charge for freight operated against success, and £200 loss resulted. In March last the partnership was dissolved. Kingi in the meantime had frequently obtained goods and cash advances from the business, and on this being totalled up the nett amount equalled £300 in cash. Bankrupt attributed his filing to difficulty in getting in his cash, and the loss of the £100 through the partnership. Two creditors levied execution, aud compelled him to file. Bankrupt believed that had these creditors allowed him time ho could have tided over the pressure. Wairarapa Daily Times, Volume LVII, Issue 8818, 25 July 1907, Page 5