BANKRUPTCY CASES

Gisborne Times, Volume IX, Issue 871, 22 April 1903, Page 4

BANKRUPTCY CASES

APPLICATiuNS l-'ou DISCHARGE' MR JUSTICE CGXULLY SPEAKS HIS .MIND. A (!]!: Hv*n'-:-iuoCouvt on lilomlay sevc,rli j t lli>r*:i were lunuo by bankrupts 1./.’ ..C-l* ‘o '- . , j'.,;,. t - • i.ik.-n wis fch.iv of James KrsJnu*. t.-ik-vis N. .iot.es appeariii '■! "j .El ui mooiieali'iii. 'lj,. iI vc-ading iVi’i.'i the Oii>i- l i '-‘s v r, ..> :imt in-: n pou \va« f‘ v .)C ■_ ;•' h.r lii'j fact t biu tins ■lc-Ai ov h - 1 - no; E‘- Pp l ]• ■*• books. Coni:miing, liis Honor sain that i’ appeared li,at the bankrupt had been carding on business ia Gisborne ior upwards oi twenty- live yeais. and apparently never knew how he stood. Mr Junes : I do not know whether you can put- it like that, your Honor. He knew how he stood right enough until lie encumbered his property. As a matter of r,,ct the properties have since remised as mujl!, and would have done so the f.mo hud the} inon pus up in a proper way. The properties were mortgaged and remoi igaged. anti it was impossible to realise, .it really pnzssieu the lawyer to know iiow to get the dehtur out of the

diiiicuitv. Bis ii..jiv:.e w'jiit on to lnoiiLion the books tin-.; lied b. cii kepi, and tc-iuitiked, » I consider that lor the ciiioi.C ui tlie business that the bankrupt carried Oil that the present state of nli'a'rs is a most unsatisfactory one. The book debts, alter bring written down to the lowest, were (Stine;’, i .o produce A'i.juO, ami they only realised jpl'JO. J.t is most unsatisfactory. The Official Assignee, in reply to D.s Honor, said that no one- wits opposing the application for discharge. irlis Honor : 1; is quite clear to my mind that tbo bank upt should have found out years ago how hopeless was his position. „ . . Mr .Tones : Too strange part of it is, your lienor, thet the hankiopt always kept clerks to keep his books. Apparently these book-kei per* have not lu pt them. Ills II .nor : Hook-keepers, yes, but not proper book-keepers. Mr Jones: A clerk had boen employed for a long time to keep the books.

His Honor: The creditors do not appear to have taken any trouble m fills mallet'. As no one opposes ihe order is granted. G. B. JARMAN'S BANKRUPTCY. In this case Sir A 1 lees appeared in support of the application. llis Honor: This again is not a very sail factory ease. A man goes into a business of which he has no knowledge ; moreover, he has no capital, die commence.l in March 1902, and by November, I‘JO'd, finds out what ho might have found out before, that lie was always insolvent. If people will do these things, and creditors let them do these tilings, it is no use of the Court to interfere. As no one opposes the application is granted. NO ART id A RANGE.

In the case of George 'Whether, under" taker and carpenter, the debtor had applied in person for his discharge, but did not appear in support of his application. His Honor said that he would make no entry oi the application. At llio same time he thought he would have refused the application hud appearance been made, because the bankrupt had gone bankrupt in IS9D, and again in 1902, and no dividend was paid in either ease.

J. R. SIGLEY. In the case of J. R. Sigley, Mr E. N. Jones appeared in support of the application. it :.T 1-,.

Ills Honor said this bankruptcy was also duo to the fact that the debtor had embarked in a business without capital. T. STEELE’S BANKRUPTCY.

In the above case Mr A. Rees appeared in support of tbo application for discharge. His Honor : This man scorns to have made very bad bargains. He paid an extravagant sum to go into an hotel where there was only a short lease, and when he sold out he got a great deal less than he gave. Mr Rees : I would point out to your Honor tout the result of the last election hold in Gisborne has had a very depreciatory effect- on the licenses held in the district. It more than represents the difference. His Honor: There being no opposition the order will be made.