✨ Bankruptcy Statistics Report
412
THE NEW ZEALAND GAZETTE.
The increase in the number of bankruptcies among the four classes enumerated in last year's
Report—namely, hotelkeepers and publicans, storekeepers, farmers and settlers, and miners—is 51.55
per cent. (nearly). Thus the aggregate number of the four classes for the year ending 30th
November, 1870, was .. .. .. .. .. .. .. .. 294
And for the previous year .. .. .. .. .. .. .. .. 194
Increase .. .. .. .. .. .. .. .. 100
The Accountant regrets that the increase in this number is mainly confined to two of the pro-
ducing classes, viz., farmers and settlers, and miners :—
| 1868-69. | 1869-70. | Increase per cent. | |
|---|---|---|---|
| Hotelkeepers and publicans | 64 | 80 | 25. |
| Storekeepers and grocers | 46 | 61 | 32.6 |
| Farmers and settlers | 49 | 87 | 77.7 |
| Miners .. | 35 | 66 | 88.6 (nearly). |
The remaining bankruptcies do not present a marked increase in any particular class.
The results are reported in the following order :—
I.—The number of orders of adjudication made during the year ending 30th November,
1870, is .. .. .. .. .. .. .. .. 699
Whereof have been made by the Supreme Court .. .. .. .. 534
And by the District Court .. .. .. .. .. .. 165
Which, with 16 concerted bankruptcies, makes the total number of
bankrupts .. .. .. .. .. .. .. .. 715
The following is a note of the adjudications made during the year, classified according to the
Provinces and Districts to which they are applicable :—
Province or District.
| Province or District. | Adjudged by Supreme Court. | Adjudged by District Court. | Total. |
|---|---|---|---|
| Auckland | 184 | 184 | |
| Canterbury | 118 | 118 | |
| Nelson | 20 | 20 | |
| Otago and Southland | 126 | 18 | 144 |
| Wellington and Wanganui | 86 | 86 | |
| Taranaki and Hawke's Bay (returns incomplete) | |||
| Westland North, including Greymouth and Westport | 147 | 147 | |
| Westland South |
II.—General Account of Bankruptcies in Dependence at 30th November, 1870.
The Accountant in Bankruptcy reports that a very large number of the estates previously
reported as "Depending," have been now returned "Closed—no assets."
In consequence of the absence of Reports from the trustees in a large proportion of estates
reported in previous years, the Accountant does not think it desirable to make any numerical state-
ment under this head.
III.—Results of Adjudications wound up by Composition during the year ending 30th November, 1870.
During the year there have been settlements by composition or arrangement in respect of sixteen
adjudications.
The rates of composition or terms of arrangement are not generally reported. The highest
composition which is reported is ten shillings in the pound.
IV.—Discharges in favour of Bankrupts.
The number of discharges granted applicable to this year is 535. Of these discharges, nine
followed on composition settlements, and the remainder were granted without composition.
In 78 cases the final discharge was suspended for periods varying from one month to three
years, viz. :—
| Suspended. | Extent of Suspension. | |
|---|---|---|
| Auckland | 9 | 3 months to 3 years. |
| Canterbury | 23 | 1 .. 3 months. |
| Otago and Southland | 22 | 1 .. 3 years. |
| Westland, North and South | 21 | 1 .. 18 months. |
| Wellington | 3 | 1 .. 3 ,, |
V.—Discharges in favour of Trustees granted during the year ending 30th November, 1870.
There have been no discharges of trustees in bankruptcy reported.
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NZ Gazette 1871, No 47
✨ LLM interpretation of page content
⚖️
Third Annual Report of the Accountant in Bankruptcy for 1870
(continued from previous page)
⚖️ Justice & Law Enforcement21 August 1871
Bankruptcy statistics, Adjudications, Provincial breakdown, Discharges, 1870 figures