Bankruptcy of Charles Henry

Feilding Star, Volume IX, Issue 140, 26 June 1888, Page 3

Bankruptcy of Charles Henry

The first meeting of creditors was held at the Court-housey Feiidingy yesterday afternoon, before G. J. Scott Esq., the Deputy Assignee. Present— The debtor and his solicitor, Mr Mellish, Mr H: 0. .Roberts (as proxy for R. Hannah and Co. and C. Grea'trex and Son), Messrs W. Reading, W. S. Staite, John Prior, and E. Goodbehere. Several other creditors were also in -Court, but had not proved, and consequently took no part \ in the meeting. The Assignee read the bankrupt's statement of liabilities and assets, I which have already been published. ; The bankrupt was then . sworn, and answered questions as follows :— His furniture was worth about £10, and he had no stock; the things found in his house after the fire were used up in' his trade; had not sent 3 cases away, but bad sent a small case to Sydney this month to a brother-in-law named Dwyer ; it contained clothing and bed clothes ; there were two packages, one case, and one box (sizes described) ; took with him to Wellington on 24th May two small cases containing cldtbing only; this, and what went to Dwyer was all he had sent away; had not entered any of these goods as assets; Mr Price had lent him £30 ; sold the mare •• Spray" to Price about 3 weeks ago ; it was a bona fide transaction ; the mare originally cost him £32, but at the present time she would not fetch moie than £10 or £12 ; Price took the mare for the money he (Henry) owed him ; was quite sure none of the goods found m his house by the detective had been sent away ; had never told Brace and 00, they were his only creditors; they could not be so, as they only supply him with leather ; had never given Twentymaa and Cousin, of Chnstchurch, a bill of sale; they had asked him to do so, and being pressed by them he had signed a mortgage over the insurance money; had received no moneys since the 12th of June oa account of the creditors ; could aot say whom be had paid with > the £15 borrowed from Price on 4th December ; could not recollect why he borrowed £5 from Price on 30th December ; let Price have the 'mare because lie was pressing him ; thought lie owed about £400 when at the last meeting of creditors at Wellington ; when he engaged Mr Jellicoe in the insurance case there was no bargain or agreement as to payment; Mr Jellicoe had received out ef the claim of £250 from the Northern Insurance Company £205 only ; Mr Jellicoe advised him to receive the amount and «ettleit; the Equitable had paid m . full with expenses added; had asked nobody else in Feilding ta buy his mare, but had asked someone to lend him £30 on her before it was sold to Price; had he got it he should have paid Price. ■ t^Vb: Roberts said the statement was /: Tory unsatisfactory, and he should propose, That the case be removed to Wellington. Proposed as prosy for Hannah and Co,, and seconded as proxy for Greatres and Son. A telegram Was received from E. W. Mills and Co. intimating their wish to the same effect. Mr Staite opposed the proposition as unnecessary and expensive. He proposed as an amendment, That the estate bo forthwith wound up in Feilding. This was seconded by Mr Beading. The amendment was lost, and -the proposition carried by the vote of Mr Roberts, who; represented the majority in amount. This closed the proceedings/