MEETING OF CREDITORS.

Dominion, Volume 6, Issue 1598, 15 November 1912, Page 3

MEETING OF CREDITORS.

i A MILKMAN'S. -INSOLVENCY. ■ The Official Assignee (Mr. A. Simpson) presided over ft. meeting: of the creditors of Augusts Bussy de St. Romnin, a milkman, of Kilbirnie.The bankrupt stated that his position was brought about mainly on account of the high' price of milk during the winter months, and also sickness in his family. Tito price of milk for. about six months was is. per gallon, and -lie was retailing .it,-at Us, •kl.-rtlre traffic , price. Consequently the profits were not sufficient-to meet expenses. The financial statement showed that there were secured creditors for the sum of .£llß 18s.; vahts? of eecurities estimated at iCIOl; estimated deficiency, £17 18s. Bankrupt*s total assets were shown nt £-1 17s. The principal unsecured creditors were—P. Trotter, £ib 10s. IOd,; T. S. Burrell, ,£105; J. Lutz, £36 155.; Wellington. Co-operative Dairy Company, 17s. od.; and D. Monk, £IH. Tho total unsecured debts were JS2SO Cs. 7<l. The secured creditors were Sir Kenneth Douglas (.£114) an<l T'e Aro Loan, Discount and Investment Company (£i ISs.) —covered by a security estimated to produce 415. It was decided to ask the bankrupt to collect the book debts in tho estate (jJS 10s. 5d.), The meeting was adjourned sine die. ' . . , , , .