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CREDITORS' MEETINGS

ESTATE OF J. L. WALLING,

■'EVIDENCE OF EXTRAY/IGANT

EXPENDITURE

Creditors in the baukj-uii.fc estate of John Laidlaw Walling, salesman. , met •yesterday, racing. • The- OfiMal Assignee (Mr. S. R.. Tausley) presided, and Mr. Kirkcaldie represented the bankrupt. ' ':': Tho amount owing, to unsecured creditor's was Rot down as £563.175. 7d. and. the assets as nil. The principal creditors were: Calf und Thompson, tailors, London, £70; Palmer and Co., bootmakers, 1 Lontton, £56 125.; Joo Meo, 'Kona Bay, £55; Herb. Price, Wellington, mercer, £54 12s. Bd.; Lindsay's, Ltd., Wellington, bootmakers, £12 16s. 3d.; L. Macduff, importer, Cuba Street, £13 7s. 6d.j; J. and K.- Johnston, confectioners, Napier, £15.195. Cd.j H. B. Bennett, Wellington, "roper, £25 2s. Bd.; T. ■'.''"Barraclougli, tailor, Wellington, £13,; B, S. Wilson, grooer, iCelburn, £27.155.; C. Smith, 'Ltd., Cuba. Street, drapers, £12 7s. 5d.; C. Begg and Co, music importers, Manners Street, £11 16s Id ■ Spiers and Robb, £25 Us. 6d.,- A F Hook, £W 2s. ■'..."'"

In a written statement bankrupt re-.ferred-to-domestic; troubles and to the fact that some of his creditors, had been pressing him, sending suni/jionses ■Mid" .threatening.lins with sum-mouses. Hβ had spent a lot of money'on doctors for his wjfe,and she had..Wt yet recovered. . He was paying off' his debts at.the rate of £8 a month when the Public Trustee stepped in i QU his wife's account and took the rent, of his house and his son's soldier's allotment. Al-though,-the son had mnf l6 it out in his mother's: name it -was- meant for both of them. It made a difference of nearly .£l2 a month to Vsm. His son,- who was at the front, h'ni promised to help hm,,.mb to the y x tent of £500 if ho got into difficuW. He was in ■ communicationwitty hi m now on t] j e Bub . ject,:and what he expected ho ■jvouldv be.: to'meet' his creditors satistacton'A" in six months. •■; Bankni-ife ; was .' then' questioned on oath- by Assignee. . "What , vlo j OU call"yourself?—" Well. I a salesman." «r> '^ on & fltr(r & .wn been one?— ii.Ap.Auti two ■••years." ■ Wow lorjg have you been out of work? -.- -Since.-the beginning of February." ; Presents for Ladies. ..-.i You have,-no wife here or a daughter, and yet you have a draper's bill for £13 17s. sd.—"They were for some ■ladies. .They were friends-of niinei. but are not m> now." '.. ~, , ; .'■ ■.'. '.''. You were simply giving-presents ??— ;-'¥es. ! '- ;.., ■ At the expense of somebody ielse? At this stage Mr. Kirkcaldie remarked that probably many of the debts extended; over., a number of years. Asked about his English debts, bankrupt said they were incurred in Eng-land-six years ago for his wifeand son. ' It looks to me as if you have been incurring debts without any expectation of paying.- them.—"I'have been expect-:-.-ing money from- my son." ' You liave a milk bill for £4. , Who was'all the milk for?— Bankrupt explained/that the debt included eggs and money, lent. If looks to me as if you have not paid anything for a long time.—"JPeople ■were! imposing on me. They even stole my 'iiold-glasses and my clothes." ■' ' " A Lavish Spender. Mr. Kirkcaldio made a statement "that at times Walling gave way io drink 'alid did not know the value of money. ~Most of the bills were run up while he was under the influence of j liquor, and while in this state he j lavished presents .on his friends with-; out' realising what he was .doing. He |. had not spent the money on himself. j One reason why he filed was that he j considered it would'prevent his'getting ,- credit in- future.' Annfuls of flowers i and-chocolates had been thrust by him | on other people. In. 1915 his three sons ' (whom he had originally helped to start up for themselves) entered into a deed agreeing to sell their jointly-owned proporty, if it was necessary, to como to , their father's assistance. Since then ; 4>ne of the sons went overseas with the ; troops, and-until some legal authority j was obtained from him the property ; could not be sold. He had written away ' ;to.his son for the necessary power of j attorney. In 1915 he put some cash f of his own alongside a contribution he j lyad received from one. of his sons, and paid all the creditors that could be ! found Bs. in the £. He then undertook, j if- the property, was sold, to pay an-1 otter ss. in the £, and his son would find the balance. The Assignee: How have you been keeping going since you Lave been out of wort?—"l have been feeling pretty 'crook,' and I have been receiving money from my sons —os. here and ss. there." The Assignee (to the creditors): It is your estate, to do what you like. 1 want a motion from you as to what you are prepared to do. Mr. Herb. Price: Well, I am willing to wait. Mr. Hall: I move that we wait for two mqhthsiind give Mr. Walling , a chance to see whether that document arrives or not, aud to see what debts are proved. ' " : ' • The Assignee (to bankrupt): If you get this document you may be able to pay 20s. in the £?—"Yes, that is so." Without further discussion tho creditors agreed to' Mr. Hall's, motion, and tho meeting was adjourned for two months, pending the arrival of the power of attorney necessary for the disposal of thn son's property. .

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/DOM19180314.2.74

Bibliographic details
Ngā taipitopito pukapuka

Dominion, Volume 11, Issue 150, 14 March 1918, Page 11

Word count
Tapeke kupu
889

CREDITORS' MEETINGS Dominion, Volume 11, Issue 150, 14 March 1918, Page 11

CREDITORS' MEETINGS Dominion, Volume 11, Issue 150, 14 March 1918, Page 11

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