Post by NZBC on Jun 23, 2011 21:30:15 GMT 12
HOPELESS TANGLE
MEDICINE AND MUDDLEMENT A CHINESE BANKRUPTCY. The Celestial 16 generally looked upon as a very astute business man whose credit side of the ledger (to the Chinese way of thinking) shows a substantial balance,' but the bankrupt affairs of Chung Tack (tTaduig as Sing Keo and Co., fruiterers), which were partially investigated at a meeting of his creditors to-day, showed what was regarded as such a hopeless state of muddlement that it was impossible to properly solve his financial position. The following creditors were represented at the proceedings : — Messrs. A. S. Paterson and Co. (Mr. Shirtcliffe), P. Hayman and Co. (Mr. Kellow), Laery and Co. (Mr. Fildes), Thompson Bros. (Mr. Baudinet), and Wollewnan and Co. (Mr. Wollerman). The Official Assignee© (Mr. A. Simpson), presided. The statement of bankrupt's affairs showed that the unsecured creditors were :— Kwong Nam Hing (China), £989 12s sd ; How Tak Chong (Hong Kong), £139 4s
; Wing Sang and, Co. (Sydney), £310 7s; P. Hayman and Co., £140 8s ; Levin and Co., £54 15s 4d ; Townsend and Paul, £18 Ss 6d ; W. M Bannantyne and Co., £20; A. S. Paterson and Co., £80 '4s lid; C. A. Griffith and Co.' £25 16s; Leary and Co., £98 5s 7d; Thompson Bros., £30 lfi lid; W. and G. Turnbull, £32 18s 4d; Wollerman and Co. (nob proved). £18 5b ; W. H. Green and Co., £26 Ss; Hop Fook Chong, £22; landlord (per Young and Tripe), £59; Sam Yook (Greytown), £12 9e 9d; Ching Le© (Levin), £23 4s 7d; T. Lock (Featherston), £78 18s; Lum K.6G (Marton), ; Young On, £28 10s; Yem Get, £3; Leong Kee, £26. Total, £2261 17s. The total assets were estimated at £331 4s 5d (including stock-in-trade, £323 10b; cash in hand, £2 Us 7d ; furniture, £5; leavi ing a deficiency £1930 12& 7d. Evening Post, Volume LXXXVII, Issue 52, 3 March 1914, Page 8
MEDICINE AND MUDDLEMENT A CHINESE BANKRUPTCY. The Celestial 16 generally looked upon as a very astute business man whose credit side of the ledger (to the Chinese way of thinking) shows a substantial balance,' but the bankrupt affairs of Chung Tack (tTaduig as Sing Keo and Co., fruiterers), which were partially investigated at a meeting of his creditors to-day, showed what was regarded as such a hopeless state of muddlement that it was impossible to properly solve his financial position. The following creditors were represented at the proceedings : — Messrs. A. S. Paterson and Co. (Mr. Shirtcliffe), P. Hayman and Co. (Mr. Kellow), Laery and Co. (Mr. Fildes), Thompson Bros. (Mr. Baudinet), and Wollewnan and Co. (Mr. Wollerman). The Official Assignee© (Mr. A. Simpson), presided. The statement of bankrupt's affairs showed that the unsecured creditors were :— Kwong Nam Hing (China), £989 12s sd ; How Tak Chong (Hong Kong), £139 4s
; Wing Sang and, Co. (Sydney), £310 7s; P. Hayman and Co., £140 8s ; Levin and Co., £54 15s 4d ; Townsend and Paul, £18 Ss 6d ; W. M Bannantyne and Co., £20; A. S. Paterson and Co., £80 '4s lid; C. A. Griffith and Co.' £25 16s; Leary and Co., £98 5s 7d; Thompson Bros., £30 lfi lid; W. and G. Turnbull, £32 18s 4d; Wollerman and Co. (nob proved). £18 5b ; W. H. Green and Co., £26 Ss; Hop Fook Chong, £22; landlord (per Young and Tripe), £59; Sam Yook (Greytown), £12 9e 9d; Ching Le© (Levin), £23 4s 7d; T. Lock (Featherston), £78 18s; Lum K.6G (Marton), ; Young On, £28 10s; Yem Get, £3; Leong Kee, £26. Total, £2261 17s. The total assets were estimated at £331 4s 5d (including stock-in-trade, £323 10b; cash in hand, £2 Us 7d ; furniture, £5; leavi ing a deficiency £1930 12& 7d. Evening Post, Volume LXXXVII, Issue 52, 3 March 1914, Page 8