AN ISLAND BANKRUPTCY.

Auckland Star, Volume XXXVI, Issue 44, 21 February 1905, Page 2

AN ISLAND BANKRUPTCY.

A taeeUng of crpditors in the-estate of FmilPilts. trader, of Ra.ro!onga, whose liankruntcv petition vras received by thp last mail was held yesterdiU- afternoon at the Office of the Offir-ial Assignee. Mr J. E. Gerard, who presided. The chairman stated that action had been takeu prior to adjudication. whicS, c.hlr under special circumstances, would have been douc. The rcsiiousibillty of this had fallen on the Air Tewsley (Sargood. Son and Eweul. in expir.uiins what, hnd been done. c said thai up liil 1- month? apo bankrupt had dealt Batisfacitorily svith his creditors. He tad then laHea behind, bnd. alter a manager to assist him had failed to put aira* js on ?. satisfactory basis, it was decided to apply, to tho Miuistpr for Justice to send Mr Gerard down to administer thY ostato ou 'oeha'.f of the creditors". This the Minister refused to permit.

'rue OGicial 'Assignee stated that in official c:ipacitj he ('npid appear Ivefore thf Court, while if a solicitor had to be sent it would be a, very costly undertaking. There were several native leases involved, aud the vsTce. of thc-sp Avould havo to be determined before the High Court of Rarotousa.

I Mr Tewsley statecltSat if bankrupt had not voluntarily 5 filed it would have I)fM?;i_iiiipossibie to have forced him to do so insideseveral months. The position was unsatisfactory, and the 0->vMuaiein should be nrzed either to estalilisU a Buakraptcj" Court at Ilarotonjra or bring it triiiiin the Au<:klaid district. He moved: "'That, as baufcrppt has now eypntuated, the creditors consider it the • duty of ike Ofik-ia) Assignee to proceed to Rarotoaga to appear before the Hijrh Court witii a view, to having the Judge of the Court rscba'siaer Ms decision anent the leasps whk-ii are a portion of tbe estate, and fetiupsts the Official Asto obtain from the Minister.of Justice the necessary permission to temporarily leaTe the Auckland district and proceed to thft Islands." This urianiiaousiy agreer to, and it was decided to* instruct tfec A |Aj;nec'& aient st Rarbtcnsa to dispose i "! the liq-aid assets..