A TAILOR'S DIFFICULTIES.

Dominion, Volume 4, Issue 942, 8 October 1910, Page 3

A TAILOR'S DIFFICULTIES.

OF. CREDITORS

; .^.The-affairs of AbrahamvWhite,'tailor;', of .Welling&n J ' ; Vwera'f(»nsideTe'd,Vatv;a r m©Btihg'::bX'liis-- : 'cr€ditors;-:ield-; ; '-ai'-"the' .Official Assignee's office : yesterday. : Mr. Tansleypresided; '.'in.'the'ab'sen'ce : Official. . Set; ,out\'b'rieily};:the' : .banlCT'upi's''f state-; ;:ment;was to,:the 'effect'.that fiveiyears ago ihe- ; bpught«proi>erty iatilsland''Bay;tne tpurbbase l %bney 1 beihg;-£2250;-'pliis' £50' .f pr r ' r cash/ aiicTtesecut&l' ■ *mo#gag<ji for'; (£1200; and"a'','secdn'd"fb'r.' : £W5mT §'-pet : ;£B4.per' annum 'for,interest,. £20:;in'.rates,;''but the fpfbperty'ybrougii't '"no ; re'veniiel - Jield von;;:forcfour ; ! years;•, and -thelites-: changed .for:.'a''prbperty> rat.", E.elbunie; ■ «)nsisting,;.tf: ; from..wliichj;he, .esti.mated:,w,6uld?,pay; his ; interest'■, charges'-.^nd-ieave':: ; av i small : margin of..profi't.VV;.'The••Eelbiirne".--? : pro--.p'orty,wii§;vifliied at'£24so,■ ahd;that at Island,:Bay,'at-£2300j. and-.as.i'seourity, for the veguality;, : of .the exchange ■•■' he - executed:,..avthird; : .'mbr.tgage.". for : -£160.; Ho' also transferred the 'second ' niortgage, .on ■ the 'Island Bay property'; to 'his new property..\.He then,.had;,to.' ; spend pair,,,'and "'shortly,.;.aft;er:;two:r o f':them; became vacant, and, „\vere .• :thereafter= only, /.tenanted; .Vat".:; : irregular.'. v ih- : . tefvals.: TlieTincome was insufficient to meet/liabilities, and he "fell; into .arrears,. the mortgagees..took, ; : .possession, .V.-and) suedVfp'r-; interest'; ; : 'On -tbjii of (that'his. \vife's.-.'illness ! 'cost 'him".£lso. -' His. 1 creditors vpre's'sed,'.; and -on ; ; : a;:warraht ; being jssued:;for.his arrest, on .default of'satisfaction/of-a. judgment summons. ceived;,'£s weekly as-,an .employee;-at Messrs. -Nodine.: and .Co., .Ltd:. .-V/ : •'.,;.

■ 'According to the'detailed.'-' statement: the deficiency in the'estate was £331' lis. :'Xod.;i His-'total 'liabilities' "were' £2731. lis; lOd.'—secured,' £2506" 9s. 10d. ;' unsecured, -£225'25-'' The.-, esti- . mated value,.; of,, ..the 'J securities.'v )vas £2400. ■: The. secured: creditors were:--'. Harcourfc'.and Co,,'.- £585; Mrs.! M.E; Fitzgerald,' £393 w Wellington .Deposit,! Mortgage, - and Building . Association; Wylie,-'£296; - Maurice-.Fruhauf,-"£150; Lynch-; Estate, '. £475.": Interest .■ charges ; brought. . : the i amount owing to ..secured tip to £2506 95."-" 10d;. :-,The unsecured Creditors were:—Gallate Bros., £60; A. Levi, £30; 05: -Van : Staveren, £23 10s.'; Dr. MacKn, £11,145.-| Dr. Henry, £2 2s;; He-rdnianand Kirkcaldie,' £3 3s.;Toriloy, £1 :10s.; Scoullar and Co., Ltd.,: £38; Nodiue and Co., Ltd., £21 45.; same, '£2 195.;" A.; Dimdore,"i'£2S; TVv'. H. Turnbuli;ahd-Co., £3, : ;;; ; ;;'.;!: -,: ■ After a brief discussion,' themeeting adjourned sine die. ■,: . "..■'., -:'