IN BANKRUPTCY.

Gisborne Times, Volume IX, Issue 841, 16 March 1903, Page 3

IN BANKRUPTCY.

T. STEELE’S ESTATE. The statement of Thomas Steele, formerly licensee of the Albion Hotel, shows the total owing unsecured creditors to be £673 3s 7d; the sole asset is book debts £22110s Bd, estimated tu produce £l5O, deficiency £523 3s 7d. The unsecured creditors are : Robjohns, Hindmarsh and Co., Napier, £1 16s; Hancock and Co., Auckland, £25 2s 6d ; New Zealand Loan and Mercantile Agency Co., Gisborne, £8 6s; C. Williams, £2 8s 6d; T. Adams, £3 Is 7d; D. J. Barry and G. Matthewson, £BB 5s 9d; Mrs Erskine, £5 11s 2d; Oatridge, £5;

H. J. Jones and Son, printers, Wanganui, £5 15s; Crawford and Son, £2 14s sd; Sheridan and Co., £35 3s 4d ; H. Bull and Son, £2 16s 5d ; Gas Company, £2B 7s 8d; P.B. Herald, £6 19s lOd; J. Jeune, £2 11s: Williams and Kettle, £6l Is lOd ; J. Schischka, wine merchant, Auckland, £45 ; S. McLernon, £3 19s 6d ; W. Pettie, £l9 2s 2d ; O'Reilly Bros., £9 9s ; J. Townley, £36 13s 6d ; H. J. Burns and Co., Auokland, £2 3s ; Barton and McGill, Auckland, £8 6s ; Jones, Slack, and Gaudin, £2l ; McConnell and Millington, £lO7 16s Id ; W. Peryer, £3 ; Gisborne Harbor Board, £l6 8s 9d ; Davya and Third, £6 10s ; J. H. Ormond, £lO 4s 6d ; A. Parnell and Co., £2 5s 9d ; Eaton, Grant and Co., wine merchants, Sydney, £lO 16s ; T. H. Green and Co., Christchurch, £ll 7b 5d ; Henderson and Bell, 19s 6d ; M. H. Semervell, 13s 6d ; Mrs East, 10s 9d ; J. Lewis, £1 3s 5d ; Kennedy and Evans, £1 6s ; Mackrell and Colley, £8 10s ; R. Xyer and Son, merchants, Auckland, £3 7s ; W. J. Cox, £43 13s lOd ; R. Cogar, £7 ; W. S. Davidson, £5 5s 6d. Debtor, in hiß sworn statement, states:

“ I took over the Albion Club Hotel in January, 1900, from Mrs Downes, paying £IOOO goodwill and 111645 stock and furniture. The rental of the hotel wasi£lo per week. I started with a capital of £I2OO, and the balance 1 borrowed from Messrs Barry and Matthewson. I spent about £2OO in improvements to buildings. In the hope of improving a not too brisk business, I leased sample rooms and spent some considerable sum in fitting them up, but could not find tenants. Business has gradually fallen away and my mortgagees entered into possession and Bold the properties. The prices realised were below the values I placed on the same. After the sale I considered it wise to call a meeting of my creditors, and in accordance with a resolution then passed I filed my petition in bankruptcy. I have no offer to make.”

The first meeting of creditors is fixed ior the 24th inst.