Luey Woo, Chinese fruiterer

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A HOPELESS CASE"

Heavy business ami personal espouses, .'i-ud ill-luck, wore the main causes vrhicli Luey Woo, Chinese fruiterer, claimed had brought about his bankruptcy when a meeting of his creditors was held before Mr. S. Tansley, Official Assignee, yesterday afternoon. The bankrupt had no assets, and his debts amounted to £2219, including £2044 owed for goods and for advances to him by his countrymen. The principal European creditors were Burns, Philp and Co., £48; Ellis and Manton, £23; and Johnston and Co., £103. In his statement the bankrupt said he had been in business at Westport, Groyniouth, Eeefton, Wellington, and Masterton. His bankruptcy, he said, had been brought about by lack of business, resulting in the loss of large quantities of perishable goods; heavy operating expenses, and high rents; heavy personal expenses; inability to givo sufficient personal attention to his business; and ill-luck. The creditors viewed the case as "hopeless," and the inccting was adjourned; Evening Post, Volume CVI, Issue 32, 14 August 1928,

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An unexpected position was disclosed this afternoon at the meeting of creditors in the estate of a bankrupt Chinese storekeeper. The Official Assignee for Masterton (Mr. T. R. Allen) announced that through an oversight baukrupt had not included £100 worth of book debts in his assets. Mr. Allen added that some of the debts had been contracted by Maoris and would probably be useless. The information given by Mr. Allen showed that the es'.*te was solvent, although, owing to a promissory note being dated two years ahead it would be some time before the creditors received the whole of the manexrt owing to them.
Evening Post, Volume XCIII, Issue 115, 15 May 1917, Page 8

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Permission was granted to Ling Sing to carry vegetables . and fruit for Chinese venders between Wellington and Masterton (both ways). Evening Post , Issue 59, 6 September 1935, Page 5

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CHINESE BANKRUPT

MEETING OF CREDITORS,

A meeting of creditors in the bankrupt estate of Low . Hoong, Chinese storekeepers, Greytown, was- held this afternoon. Eight creditors were present or represented, and Mr. T. R. Allen, Official Assignee, Masterton, presided.

The statement of bankrupt showed: Liabilities £689 4s 3d, assets £1085 11s 2d (including motor-car £250 and promissory note £260); credit balance £396 6s lid. The principal unsecured creditors were the Hawkes Bay Fruit Co £12 15s. Griffiths. and Son (Nelson) £34 7s Id, M. O'Brien and Co. (Christchurch) £10310s 2d, Doughty and Co. (Wellington) £28 11s 4d, P. Hayman and Co. (Wellington) £11, De Latour and Co. (Christchurch) £85 6s 2d, Duckworth and Co. (Christchurch) £41 0s Id, A. Clark and Co. (Auckland) £49 9s Id, Wright, Stephenson and Co. £43 19s, Pople and Creamer (Onehunga) £10 Is, Mark Maxton (Greytown) £64 14s, Tate and Thompson £10 odd.

Bankrupt's statement added that ho bought out the business of Ah Chong some five years ago, and he did good business for a: time. He had ■ partly arranged, to assign his estate for the benefit of his creditors, a-nd would have been able to pay all liabilities in, say, two years. Finally O'Brien and Co:, Christchurch, filed a petition and made him a bankrupt. . . After a discussion as to the best method of disposing of the assets the meeting appointed a small committee to co-operate with the Official Assignee in the administration of the estate. Evening Post, Volume XCIII, Issue 115, 15 May 1917