MEETING OF CREDITORS.

Dominion, Volume 7, Issue 2179, 18 June 1914, Page 9

MEETING OF CREDITORS.

'. TOBACCONIST'S AFFAIRS. A raeetJHg of creditors in the ©stato of William Iguathis Sfetuto, liaiKtrossey ■ aii4 tobacconist, of Lowoj- J-ltttt, mi& later of Tipper Hutt, Was calkd yes-. tei'day morning, but, 'as tLcre was not' a siiflie'tent number of creditors j%reseni, formal proceedings, lapsed. Ait. informal meeting tool? place, however. Mr. C: JJaoliaj'iah, district manager of; the Public Trust Office, presided.' Messrs. T. P. Alien and A. D-aftn were also pros&nt. In bis statement;,, bankrupt said that iii? had begun business on Mai'dj 26, ! IMS. at Lower Hiitt, ns a hamrres'ser and tahaeeoitist, with a ■capital of £3(1.' The business liatl bem continued tor is. year, but, under distraittt for tent from Messrs. Casey and Hayes (lasidf lords of., ttie premises), it- bad had to be disMuthmed. It lia<l never been, very sacccssfu), as there fend been too ,aiwh tempeiUion. An action had been : brought against Messrs. Casey mid Hayes Jot damages for wrongful distress", and judgment had baett given in bankrupt's favour for t ;C39 95,, after tie--ducting £29 10s. owing for rent. Bant rupt bad es-eeuted an jisstgnnic-ttt of this sain in trust, in ©filer to pay (feat of the pjtocseds of the judgment) tlifi iftgfti easts incurred, and to distribute tl}» balauco between King, Harris, and Co., Ltd., Myers and Co., and Mr, ■Hawthorne, con-iitionatly on their, nerbptiftK such balance ia full settl.onj.eut of their claim. Titey liatl aeoejWed. that condition. Messrs, "Ellis and Maftton, however, took proceedings to attach the. judgment, and, after litigation, t.}.is ». ultra ut recovered from Case}' and Hayes had been paid out to them, but it had been paid 'after a two-ting ef weditws bad Ueeii eflilct] a»d bankrupt peqiirated t*j file. Oh March 3 bankrupt had storied aVtoSher business, in partnership with. Mr. C. M. Palmer, at Ppper i-Ititi. He had previously (iu Augitst or. Sofslembftr, 1912'j borrowed ifc*3B from Palmer, and this sum had ton applied to paying debts owing in connection ivltls the Lower Htitt business. It was really 11)0 pnrftliasemoncy «f the business. Bankrupt had continued as working ymrtiiei' in the Tipfttr i£«ft business until this and of January, 1914, when uo left, as be considered that he ivas not receiving sufficient wages. The purchase of haakrtrpt's hajf-intprest, in'tho Tipper Hfitt business, payable to Mr. Palmer, was £152 lis, Oil., and this sttte Imd been paid to hiati fine or the eiwsos of his difficaltfes had been _ that bis wife had hrtn ill for a considerable time, and be had bad to pay for medical aitenclam*. An order had be«u made, against biro in the fjppor Hutt Con ft on a jiule&iphS. summons, and be had been Mimpelltf] to file. lianlifupt furtter stated that the greater part of tlw avnonnt now oxving Itart been contracted after lits trnftsftivtlftn with Mr. falmof! and he (Mr. shoti!<l .meet i debts, I To Mr. Kciohariali: ITe ittm at pres setit oavning fiS a Aysek in tho eity, lint be had a. wife and a Hiild to sup- : poTt. The m/'eting wa« then adjourned sine ! diK. . ' ! I I [ [