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SUPREME COURT.

IN BANKRUPTCY. This Day. (Before Mr Justice Chapman.) AILH’DKATIO.NS. The following -persons were adjudged bankrupts, and first meetings of creditors fixed for the Gth instant : -- William If. Mansford, Ccrard Spooner, Richard Orr, Hyman Cohen, and James Ormond, FINAL EXAMINATIONS. The matters of John Trotter and James Barber were adjourned for a fortnight. Re Alex. M'Donald.— ln this matter an order had been granted for the examination of witnesses, but it was not proceeded with Mr Stewart, who appeared for the bankrupt, apnlicd for costs, but bis Honor said notice of intention to apply would have to be given to the other side. Re William Fvllkk.— Mr M'Keay appeared for the bankrupt ; Mr Barton for Mr Murphy, a creditor, and Mr Stewart for the detaining creditor, Mr Edward?. The bankrupt, in examination by Mr Barton, explained the items in bis list of liabilities. Although Mr T. Musson was put down as a creditor for LOO, ho believed he owed him more than that. The amount represented a dishonored acceptance, originally given for cash lent--every penny of it. None of it was for a gambling debt ; he never gambled. He gave Musson another acceptance on account of a piano purchased from him, hut as he did not keep it, but sold it for Musson, that acceptance was destroyed. Edwards’s debt was for I,ln, aud was for an accommodation bill of J. C. Brown. Bankrupt did not consider be owed the money. On the 9th July he gave Musson a hill of sale over his furniture, but Musson had expressed his willingness to give it up and rank with the other creditors He bad put down Beveridge’s debt at L3O, but believed it was more—about LSO, He valued his interest—a half share—in the Kerosene Bond at LIOOO ; it bad been mortgaged about twelve months ago for I 000. Became part owner in December, ISGS. There hail been certain transactions between him and Mr George Murray, he having put him up to “certain things” -which had turned out profitably, for which Mr Murray had promi ed to make it “worth his while.” (Subsequently lie made out that his (bankrupt’s) share was L 331 11s, and on receiving LIOO, admitted him as part owner of the store. That LIOO he received from Mr Irwin as a gift. Some time before the Bank of Otago had seized some property of his on the Anderson’s Bay Road, and Mr Invin

purchased it at auction,, and according to promise, w'hen he again sold it at an advance, be gave him tbemoney, deducting what he was out of pocket. Bankrupt’s deed of arrangement provided for the payment of 20s in the £in twelve months. Murray ow’ed him between L4OO and LSOO in respect of the store, and bad offered the amount of bis present debts (about L 270) to compromise the matter. .Several witnesses were examined, after w’bich Mr M.vKeay applied that the deed might be declared completely executed. The application w r as opposed by Mr Barton and Mr Stewart. After argument, it w'as refused, w’itb costs. Ifc was understood, however, that the schedule of debts w'ould be amended, so as to bring the number of assenting creditors up to two-thirds in value, as required by the Act. Ru Edward M'Glashan. —A deed of arrangement between the bankrupt and his creditors was declared to have been completely executed.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/ESD18700829.2.10

Bibliographic details
Ngā taipitopito pukapuka

Evening Star, Volume VIII, Issue 2281, 29 August 1870, Page 2

Word count
Tapeke kupu
562

SUPREME COURT. Evening Star, Volume VIII, Issue 2281, 29 August 1870, Page 2

SUPREME COURT. Evening Star, Volume VIII, Issue 2281, 29 August 1870, Page 2

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