MEETING OF CREDITORS.

Dominion, Volume 3, Issue 673, 25 November 1909, Page 11

MEETING OF CREDITORS.

'i. PHQTOI3EAPHEII" IN : - DIFFICULTIES.':. '■ . ■'. The'.'first, meeting of tho creditors in the' estato of, Jacob, Nathan Isaacs, of Wellington, photographer,' ,was :. held; at' : the ■•'-' Official . Assignee's office yesterday morning, Mr. A/ Sinipson,.Official Assiguee,. presiding. The following ci editor's or representatives/ of creditors, we'ro: present: Mr. '.Fell., (for-, the" Fitzherbcrt-.Es-!tato;:Trustees)i',ilr. J: Zachariah, Mr. J. 'J. ; Devino (for : l!esßrs. K. peaTCo 'and Co., 5 Ltd.), Mr. .L.. : Echluri.Cfor,Austj;nlian' Kodak Co.), .and ■Mγ, \V. Jack(Kempthorhe,"'l , r'osser aiid" C 0.).: - The bankrupt.'Hvas 'represented by Mr.; ~■ ■: -Bankrupt's- statement, amounting, to j6870 :Is." 3d.'i 'aridT'onf ttiir atlifo sido : book .debts estimated ■to .produce iEM. A. surplus ,of,. ~519..C5. :fi_d. was shown ontne : stbcKi'L-iitlirigi/;'.'«tb.',: frhich: iad; been valued 'at<.wC(!29.Gs«-lid.';:aha-,pvcr':*hich,a. < bill of sale had been'given for -.£llO. : Thero was. .thus .a doficioncy,- of ~i£320 Ms. Dd. ■',:. ~ ■ '■ • : .Thp principal'unsecured creditors were:—Mrs. Fanny.Fitzherbert's estate,. «£134. lOsl; Pearce .nnd..Co.','.'"boot: importevs, S.-VI; : Kempthorn'e, Prokser and Co., . merchants, ',£7O; filundelj Bros;; publishers, ■ i£lo 10s. .Gd.; City : Council, i£G f los. .Gd.;-Beadnall"and Son,. picturo framers, £7 7s. 'll.j'/Geddis and Blomfield, publishers, .£lB ss.;' Sfirgood," Son "nn'd -Ewdn,. merchants, 15s. Gd/) J: J.Devine, solicitor,:Xo 13s. ; 'Campbell ;an(l Bjirko, builders, JC6 155.; D.1.C., £S ss. Gd.; J.Zachariah, photographer, ■:£!. 10s.; Kitto and Graham, tailors; £1; Cnrraud Bell, tailors; : .£5 ss:; Dr.- Hislop,-."JEIS ) Collins/and Hislop/'.A'Mrs. ICato-Isaacs, £m; iMiss.E. Isaacs,.. M 0; .Bank 'of "Now Zealand/ £9~ 2s.

;7d.V:; : ■■;■:'.;,■>■'• /-;- : r'- ;■:■:■ '■■; v- " ■:■'. i.'" ; 'v ■; ;The.. bankrupt further 'stated ■ that; he . compiohcod, business, in /Street about ;eight years- tißo, 'and for : a nniuber.*-of years tho. business 1 showed a< profit. In 1907 ho.'-ob--tained',a -b'evm lease of premises in. Newtown, and, laid out a considerable' sum , , in , fitting»up, a.branch, studio there. This business turned ; out ;.ii .'completCi failure.:•; To .this and tho depression of trade* and ; tonseqiient loss, of /business: jat the Manners Street' studio,: ■Ho'' Attriliuted . his -present position.. . :... ::: ' The ',Official Assignee stated : that oii August /t-banlcrript gavci n: bill' of. salo : fpr. £119 to' Mr.- 11.-Hall; over stock, fittintrs, ptc..-nt Now-■to.wn;fti«l.'-:Manners Street. Tho landlord: (represehte'd by'.Mr.- Devirie) put ..in-"the bailiff for rent, and as , the bankrupt had' not thpu filed, vth'n rent tookprecedeiico over the,bill of sale; Tho Roods at'tho >Nowtown-.r»h6p were Bold-under ;the" bill- of :salp.' and ;.tho. gross, proceeds' were ' £4R fls. Gd. Thero : wore goods at tho.Mhnncrs:Street shop not mentioned in : tho bill .of sole,'and;these iVpiild .have ;to bo, put against' thc'-balancc-vot ■■the- Tent. .The other Rooils at.Manners Ktrept.Jiad.bcen takeii possession -of by•■ Mr:, Hall,': who ;-\yas nrepared; to co-oprrato, witlv; the'icre'ditors,in .colling, for tenders; or putting the stock iip to 'auction. ; .'."•. It was resolved-, that. Mr; Hall 'bo' consulted 'Vnth'-'ii: view .to.ia'n arranßoroont. to call- for tenders ■ for tlw> stock;and business as a. going concern. .':. :':'.:■•■ .-.'.'■'■ '■//':■ .-'■.".-•. 'v- ■:■' *'■■ .