Story: Business failures and corporate fraud

Sale of bankrupt stock

Sale of bankrupt stock

This advertisement for clothes and linen at bargain-basement prices followed the bankruptcy of the Dunedin business Mollison, Duthie & Co. The late 1870s and early 1880s were hard on many smaller businesses as the immigration boom tailed off and income from gold and wool fell.

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National Library of New Zealand, Papers Past
Reference: New Zealand Tablet, 17 August 1883, p. 4

Permission of the National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

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How to cite this page:

Graeme Hunt, 'Business failures and corporate fraud - 19th-century business failures', Te Ara - the Encyclopedia of New Zealand, (accessed 12 August 2022)

Story by Graeme Hunt, published 11 Mar 2010