In Bankruptcy.

Gisborne Times, Volume V, Issue 46, 23 February 1901, Page 1

In Bankruptcy.

The following statement has been filed in the estate of George Pitcaithly Brueo Stewart, saddler, of Tokomaru Bay. There are no secured creditors, and the unsecured creditors total £455 Is. The stock in trade is valued at £865 11s Bd, and the book debts estimated at £l4O are estimated to produce £7O. The furniture is worth £4B 15s. The total assets are worth £4lB 15s, the deficiency being £36 6s. The unsecured creditors are : Brace, Windle, Blyth and Co., Ltd., saddler’s furnishers, Auckland, £lls ; Briscoe, McNeil and ■ Co., Auckland, ironmongers, £SO ; Arch. Clark and Co., £6O ; L. D. Nathan and Co., £ll ; Sharland and Co., £l3 ; Campbell, Erhenfroid and Co., Auckland, brewers, £2. 8s ; W. Oates, Tokomaru, butcher, £1 10s ; W. D. S. Macdonald, storekeeper, Tokomaru Bay, £3 16s ; Geo. Cottrell, publican, Tokomaru Bay, 16s 6d; R. Moate, sheepfarmer, Gisborne, £BS ; F. Hall, painter, Gisborne,' £ls ; Crawford and Son, stationers, Gisborne, £1 19s 6d ; R. Seymour, watehmaker, Gisborne, £2; W. Wiggins, wholesale saddlers, Wellington, £lO9 ; Williams and Kettle, merchants, Napier, £4 Is ; Rees Bros., solicitors, Gisborne, £l. The debtor states :—“ I commenced business at Tokomaru Bay as a saddler in August, 1898, and shortly afterwards: added photography to the business. I started with capital, my earnings at my trade enabling me to make a start. Mr R. Moate was at this time keeping a general store alongside my place of business. I arranged with him, when work was slack with me, to make up lines of saddlery for him for sale in the store. To this end I ordered material on credit, and shortly after 'this Mr Moate left Tokomaru Bay, and the store was closed, thus depriving me of the assurance of constant work. After the closing of Mr Moate’s store another store was opened at the opposite end of the Bay, and the proprietors engaged a saddler to make and repair saddlery in conjunction with the business. Owing to the rumor ourrent of a long sitting of the Native Land Court, which sat. in a building contiguous to my workshop, and in anticipation of obtaining the bulk of the native trade, I was induced to order further material on credit, The result did not justify my anticipation, and the business had been growing less ever since. In the hope that the business would revive I still held on, as my only assets consisted of material and book debts, mostly native. About two months ago Messrs A. Clark and Sons pressed me, and afterwards obtained judgment, and have since issued an execution for about £4O. This had the effect of my being sued by other creditors, and as I could not see my way to meet these claims, and acting on the advice of one of my largest creditors, I decided to file. At present I have no proposition to make.” The meeting of creditors will be held on March 4th. .

An Auckland racing crowd got a nastj gruelling at Hawera some little time back, during the racing season. Being of a sober and healthful-careful disposition, the majority of the Auckland section retired to rest early at one of the leading hotels, carefully locking their doors, and in some instances piling the spare furniture against them tc prevent intrusion on their innocent slumbers, after placing their boots outside. In the morning, the alleyways were made a promenade for a line of barefooted travellers searching for missing feet coverings. The whole ol the boots were missing at first, and for some time a well-known trainer, noted for hie sleight-of-hand, was suspected, and an enterprising and bootless individual raked th( tanks, but without profit. w At last a certair bookmaker, one of the losers, approached a well-known young ‘ crook sport,’ who follow: the races for all he knows, and offered fiv< shillings if his boots could be placed at hi: room door. The boots came, and the mone; was parted. On his appearing before the party, shod and happy, there was wonder oi all faces, but bp kept a strict silence ant smiled. At last a horse owne froimthe Shore, who was feeling a bit .sore ii | .socksi after speciaLpleacUng, got the ’Etraigb !gri £BnA. find - dfferedteh'shillings /fqfr.thetrd coyery-of liis boots.- The young'!crook’ wa again* approached, but this time he shook hi: ■ bead and said it couldn’t bo done. ‘Why? - -said the astonished bookie and owner*'/Be '- they alllef tin - the mid-day train io ■ -ond ate there now,’ . ► |ljjfSjl ’-v.'. * - v -