Meeting of Creditors.

Feilding Star, Volume XVII, Issue 115, 13 November 1895, Page 2

Meeting of Creditors.

) A meeting of creditors in the bank- • rapt estate of R. Halley was held in the . Feilding Courthouse yesterday after- - noon. There were present— The D.O. A. 1 (Mr J. G. Scott), the debtor with his 1 solicitor (Mr A. Richmond), Messrs H. L. • Sberwill (representing Mrs Macarthar), 3 A. G. Carty (representing Rutherford 1 and Son), J. Prior, J. M. Miller, and J. . Coombe (representing Messrs Kirton and • Curtis). The debtor attributed bis b bankruptcy to the expense hs was put • to in altering and improving his pre--1 mises ; that the shops when fitted up • did not pay ; that the business proved i bad ; and that his wife had been ill for • over a year. Following is the sworn b statement of assets and liabilities: — i Liabilities— Mrs Macarthur, £26 ; John* ' Bton and Co., £16 ; Allan and Co., £5 ; - Pearson, £1 2s ; T. H. Bredin, £1 2s ; J. - Prior, £2 2s; Blunden, £11 Is; Ruther- • ford and Son, £8; Miller, £113s; Coles, £2 17s; Kirton and Curtis, £3 12s; 1 Wanganui Chronicle, £2 10s; Marton 1 Mercury, £2 10s; C. Matthews, £3; W. 1 Carthew, £2 11s; J. Greenwood, £1 Is; Dr Harris, £3; Colonists' Land and r Loan Corporation, £1 Is; Davy and ■ Mills, 11s ; D. Humphries, £4 10s ; A. t Eade, £1 13s ; J. M. Higgin, ±2 18s 9d ; f H. Penberthy, £2; total, £102 18s 9d. ■ Assets— Furniture, £60; book debts, estimated to produce £60 ; total, £120. i Debtor was examined at length as to his ; transactions since he had started busi--1 ness in Feilding in July, 1889, as a i boardinghouse-keeper ; he thought the I valuation placed on his furniture a fair I one ; he arrived at the valuation by 1 guess work ; he had paid £103 to Mr L Pope for carpenters' work and in ad- » dition to this he paid various other sums > away for improvements ; received about 25s a week for rent of shops ; was supposed to pay Mrs Macarthur 16s a week \ rent for the premises ; during the past twelve months did not increase his liaI bilities by more than £14 or £15 ; the total amount of his book debts was ; £132 ; worked in Hawke's Bay for about ; two years, the money he earned going i to pay his back debts ; while he was • away the boardinghouse was carried on ■ by Mrs Halley ; none of the furniture 1 belonged to his wife ; the money paid to Mr Pope was taken from the rent he , received for the shops; kept a bank i account, which was in his wife's name ; i all his furniture above the value of £25 t had been seized by the bailiff in satis- ■ faction of a claim for rent. It was re- ; solved, That the debtor be authorised to ' collect his book debts at a commission i of 10 per cent, the proceeds to be handed to the D.O.A.