BANKRUPTCY.

Dominion, Volume 3, Issue 743, 16 February 1910, Page 4

BANKRUPTCY.

|||| RESTfTJ On ATE U U Bi.ES. i''^: P^E^^%/°? ; :th e ; Editors; of -Albert; |iewgbfficej;ih; Trust I 'building" .'bankrupt was IcepresbnteaVby >Hihdmarsh;: Mr; : p% GvKDalzicll/ • Mrv ■■ G//pip--Hotel,: had >leased" ;,td/the: baMfupt/ '/ K^?^pankrupt's ; ..:/written ; statomeht, - 1 ; ;unsebured'/; creditors SSffl? b the yprincipal.-amounts :belffis;* .W^jollow.r-vi'v:;H,; >Kihdmarsh; .-^80; i?Js'ajsmith' ; and..--.Co.iVß,a7B^'llj-'''.ia' :; \V£ipnk|;ii&lß; 3s. ;2d:;vHi.'.Wolland, '^i(i. 10s" WvJi ; -l^^iH O A' , :jS»* e and, IW;jvJno ''- Norto i'"''*2l'"i(iß'.-rO; Zealand', fsW*s!P*: Oompany,., ( j;iß;;.DimockVand! f 4f -ii s ' '^ d U vWrsoijs I J.' fcl^ntonvahdG).,;:ais.2 S ;..lld.v,Kiddell-and fc^?'^i^ o ? r;^eolttlld: '' To wst; Guide, fa]sj;.Gallato-Bros.;; ::i2s. ; ;Bd.-; i Christ; IftS^fc? s^ 8 -J °? ,pan y' - £n 6s ' •■' Wen-: !&: v -^ 11 ,^ A . i :.: c ark and/Sons; ilo';l3s.. iMtS;E.g:;Davidson; v ;-w£9 :;llsV./8d;; ? : ,C j- H 8 0, J 13s/; -A.^ iw onal^ a Ee<ml ? d /'';.; <! red l torß;<; ;£hW l^ly^^^^jvakeV^se^ities^ - sf W-inSaie,; estimated;at-aio 18s'.\4d;«timated: Ki^ 1 ?™ -anduipla-nt,;. £ii :'o; 0- : j tota ;nßs*Ui:Al The rot g^^ssi g nee i stnict: J R^ p ' :CT °? nd ; thn^tn ß; stoclc. andifS liPWiW:,l9o7,,:.;and opened, 'a-'.; |b«^ng'shopvin,Cuba; Street 'anFS fc^t*P^ ad ;'^^ ;;litHa - : <'i'.ho^apit^. ; ? 0 ' : sh °P .at/Adelaidb .Eoa3' foi p|^? d M': *£?«*•:•« tQf#sbme?Monthsi Ife?* 0 info:;- 1 negotiatibns:'with'-..Mifl-' k^^S^ n oft' ; t?:?.takeio6ver\ithe::«fo- f f^ d^ ft Wtß>;atel,..Lanibtoh;;QuaV/ r^^ :^?d:;altogethef;: !a fcM ie ,.%<^d«o^was-,letitif.-lii m ,; a t... a . lnZ a -^#T e ™ b ? r^l9i)B^.WvMarch; ;2o/ i^4^ 6^l IB . : ? nade '.a/nowiarrahgement. ■;thb;furniturb fc*s4-;BOodwill'ofctho iTrocadero-fof'ieOOO;' l^? d^in,:ei ' est;i '^: :;3 ? he:/: er ( « l n'l''i'ront,: fc *«"! 18§^.Sd..;,a ;^eek v ;f was;;also - payable fc»y,-him^vas' sTrere;;alsovall-rates-andMn-|J!g ; yjPther.':than/the/snin,,of.:'ie2so;-Bad. B ? o ptimesfpllqwediandith'b takihßß;f ell bffiseri-; es^ , ?V^ ,Jun^lo '^. nV called;His'oredi; fe*prs» ; tcgether,'.; and /they: adviscavhim'/tb 5 fc^fi n Ws.f;Wsmess;;sb:,that he:could.-iwheh' pWe/VbusySscason'j/camo/'rouhd* ;be;? ih";a' OT o^»:to^pay^them v y:;'Unfdrtunately; : feM^^pn/of-.the'.Trocaderb-'on'''November kr?>' l9 v», ,'3 ust.as' tho.-busy-season -was' com-'. pMancing.'-sahd-. overfeiSrnce;ype^li6dt'had':,no;;oppoft\ihity.lfbf' — hWpPWt-te'; .creditors: anything/since, : ; 'as'fe.W;S6nrco;; of >' revo'riue>had ?been rout joff.-. m^Q^o^r.vlast^Mf;. :assnred fm^W-,! f ha .PMd:;him;alUhe'fcbuld.'in r i-s.-twf.'-SPW .nnd •follbwing.v'he' Rftankrupt) rcould/takei all-theipfofits. of ■ p/jr.emtbrsSaccbfding'; to/.the; arraiigem.e'nt.gi R^^? d i ?^^- with '' ffiem '": N farSthV«eh'dS#,?/WO,tJßnber;,he;paid.; Mr;,;PinnocK-i'i810'0; the WtW?> g^ 1 - day/ hesg'ave. : :him■:■ three'hours'? a* 0 L |P<Wichwlie; ; ,would?take:, : possession ''uhder : te*het r agrMmentVfpr,salb,",'which l ; .''about:a" KWeek/^ffe,-«hb3'did.y r pables|PrPay. : thb>;;cfeditofs ihe.'arabnhts, &?; h ?l,iad?;promised;:ih; June/ last 'i'should ; 'b'e' |SvpWd'/tb'^them'.:in-'December;; JHe-filed.'Vas gS"»i/?inyi v ./breditbf, order'j'agaihs't'/; fi P ■pl'&fJil pfcankrnpt Jiff. .;Pinnock' took/pbsiiess-; '■ |f*ipn;;o*f ithe/Tr'bcaderb'undef.;the : j : poWei;-.'bf: ! ; ; g-hind'Mtlv- his/rentVivHis/indebtbdiiess'oh : !gthat;;;dat«;was!;^Bl6vllsj.2d^;"as/shown:.: i p./Heinad snot":since;,;incurred ■ ahy-i liabili-:p|ties,Vc)^h-having ,been-paid;fbr;all/:gobds :j,iVp^hksed : : :^t/;^;a!-;weok::^;Includedi;ih' > tW; r lea's9 iri.October,: '. B-.J9QB,ftstrid'i."ka'd jihb'.* interest ; .in)-,it-,'aftefT J.;swafds;//but/his.Wife/ ' .'';Pjnnbck;;at/a- rental .ofoia/'aUweeK,: : , pJ-nbusly/fpr^ R^f:;h'er/pwn;:^Thet : stillanVhof/ |.j!possessipn;ib'ut, : ■ psput-jxonb. /oii'tMonday,: . : Pebr'u'ary;/7,';'' for P^out^?l:^.Pprty; ( : ;/and-jpth>r.;/things. ; ;:femained;. :;the. ! baiikfupt fall statement/of, fi-jwas/^eally : .:bahkfupt^wheh' ; ie''/weht;inte. |-fethe.^TfbcaderP'(■businbssi'./.lt'vwas'-a ;"pur9 i^£^ec."y/-.;/C://i;/;i-/;;::;^vv:'.;;»';;.; 'Aw< /;/- said/that-'if ? sisSsbii; had; *?;not;been ex'ceptibhally bad,'.he/w,buld'have" ppaid|pff to' te;the' i : bankrupt. |»/in' : vtKb;ibad/seasoh;/y';vJ'? ;*/f \';'= ",:i%y'y-i' |-.53iThe;;\Offidial.'Assigneo.;./said.'',/bankru'pt |j/.shbuld,.-hiivo';;tricd,to fealise;.:'sponer.;;: ; -,- Kpr/Bankrnpt.'/fepliedsthatVhe ;>.pould;/. ; hot; K;,ha've;.'d6np;:so)'.;'as;: nobody ; ; would-Zvhave;.' -the /business/in/ tho^^'-bad/season.'; to ;'':;/:^/.:/ ; MM&jTi -' Position,; >;'?////'■■? l^:'..?;lhb'f'OfficialiAssignee.said,:Mf.!Pinnbck'', B;;:had;t^sked;;him;:.to- I put.;a;:;bailiff in,;:as :;was;';nbt, .'conducting i;things ; to bj-Ixiß'UEatisf action, ';but:-hb/ 'onlyj. got /advice. ; Pihriock's;' ffiVflolicitoV. that.he would; pay'.expenses,/and . pSho/then, thought.'-.. it' : would; ;;h'afdly/ : be ;to /do "so'before'.thb';raeeting j cautionedtie bahkfupt: ?;^Mr.~?l|akieU ; -:sßid'vth'at"S','Mr:";''Pinn6cK.: . |jjrealising''.that things:wefe hot gbing'.figntjZ . f/Sahd;,that bankrupt,owed-hini.oyer ;i£looo,f ESthreatened..toVtateipossessibn/.'-hoping to > K:?;that;';as/.hb:;had/ had-: to /go; through'.'the ' pg. bad/ season, 'he/should/.have ,a'" chance of sjirightihg! himself when'' trade'-was getting; te.uetfe4!Mr.;-Plnnbck,;-h'owever;,'came'';'in,.; tebutr:merely" .received ;all ; thp r mbheys;:and f-Saccbnntedfor'them, paid -expenses' out. of ■ p.re'ceipts;/arid;allbwed bankrupt<tp,get:.thq t; of. any/pf oflt' that; wos' made.: v'jhe: !Si" arrangement ;:,was;;-:for, ; thb/ ■■•'pu'rp'bfe'bf' |;;:;i : enabling/baiikfaptvto. do so,'- There; had lo!,been. : 'a;rcbnsiderable'.impfovombht/ ih:;tho : !?;s;Teceip.ts : i;bwing;.to/the/hPliday:;spaso'n/; ! It' pij/wbuld-'bei;.impossible;;for ,;,the 'present' ' IXr.arrangement to continue, and. he .suggested jjYf.th'at;lfr'.;-Pinneck r would-have to'taketha' fßfbusihe'ss'.-over; and/run /.it /for- ; .:liimsblf,;fe/.losing 'owing/to ■: him;,-,-He the "other/hand,: be, willing "tb : f^/hand'-it'bver;to':/tho,.creditor3/if-':tKey so ■ip\ jesir'ed^-:■■;.;■:•■---■ .■; -.-m■-■':■?.v;-;;^- ■■,- :;;" ?;;,?;.«*:;- ■ ||3y;:^;:*R e «'P' s !;^Do/a/; : |®'/;The;:Officiai;Assignee/remarked."that; lib ; |p!s to vfunSthe' business' creditorsZ'" ! v:r/^-'«•;' ';:>";:':.?-■:. \:-rt '- said;that"when/vMr/ jfSnock % was /running 'thb./busines's./itf'paid''. f./vyeiy./wbll, and it did';not;renuire"ahyo'iie; |/;/comingvintbvit;to- have.capital. ;■:',■>■■:■.■<.-<". |//;-;. :: Mr.; ; Pinnock'said'he'ninde':a good deal fe;'.of, ; mbD.ey,,;.-when; running,'-the,;.Trocadcro,. p.;the gross./receiptsVaveraging.';i£BoO'-p»r ' jß:;;inbhtn;'";.;:-' : : ;V-.-.-. : '■'<-'h-' ! .''-'.'-."--\':' : ;: : '?'.' : ','::..v,: / tefi-fThe;Official :Assignbe ; :{to-:Mr/:Piiinbck)V ■ t.v-'I can't-sympathise with.you.. The tr'adesk j/; people'had.a fight toithink that'yoiSasia ; psfbasiness;man;.would.not:pUt;a : man'.into : ■ |j-;j the; Trocndoro unless :you • - believed". ■■.he' ; l^/ebuld/carry:on;;:-j; ~■;/':;;:.,;; A;;.';; V:; EfeSyMr^Pinnock';; I took: no .responsibility/ fevv.Wlien; any -of ;them .'came..to 'me 1 ..t01d, £•;::• them 50... I 'said,-'tYoti see /the Tplace, "arid |t;.".;iyou "know-how I-'-was-doingrthcre." '•' !v.- ' £?ft:. I The.;;official;Assigiice,-;-said:, ■■ bankrupt/-' s;U;'Dught.;;tb. have"filod'-his:-/sdhbdulo;: six-' pimonths;i.ago/;;;iIe;; thoiight^Mr;; Pinnock §;.;s;na'd. taken/th.o/prop/er;.'cpursc;in, going, in f4:/;flS.:.reeeiv < bt.v;arc^:ssked...l[i-. ! ;,l > iiiiiock'to' W^ime, 'him\(f ! J(il] , 'rfate i iii(i!it f i( tanccowits'■'> fntfiof the;period ;sincc:he, had breii acting te- ; as/receiver.:\:'i'liis; ivould .bc'-open ;loiviu''f,:tspectiori';by/the 'creditors.:/ .':, : - .'•„ adjourned sine die/