BANKRUPTCY.

Gisborne Times, Volume XXIII, Issue 1813, 20 July 1906, Page 3

BANKRUPTCY.

John Drummond has handed tbe follow- a ing sworn statement to the Official i Assignee fl “ In compliance with your request I have to state that about Marob, 1904, I j arrived in tho disiricS with my brothors (partners) for the purpose of carrying out a most payable contract of sawmiliing at Tapuibikisea, near Karaka. We carried on the business of sawmillors at Eketahuna for about eight years, and wo brought with us the whole of tbe machinery and plant with bollocks, etc. Having erected the mill at Tapuihikitea, and having prepared for market about 300,000 feet of sawn timber, for which wo could nos get payment, wo bad to coaso work, end Biter beiDg idle for aoout five or 1 six months, I was engaged by Mr Hall to work at tbe samD mill at lls a day. Since then I have not incurred any debts. My eldest brother bad the manag'ment of the partnership business, and he now bolds in trust for me 500 fully paid-up saaroß to £1 each in » timber company. Tho reason while I file is pressure by creditors.” Debtor’s statement shows the following unsecured creditors: —Robert Carrcr, Konini, butcher, £25 ; Robert Simson, Ekotahuna, farmer, ,£l2; Jas. Jones, Ekctaliuna, storekeeper, (about) £100; N, Bodmin, Ekctahuna, storekeeper, £8; Richards and Hawkins, Whatatutu, storekeepers, £4l 4s Id; E. F. Devcr.y, Gisborne, butcher, £l9 os 2d; W. Pottie and ; Co., Gisborne, drapers, £33 0s 7d; Hannah and Co , Pahiatua, bootmakers, £S ; Clark and Co., Pahiatua, drapers, £1 ; J Earncs, Pahiatua, dentist, £7 ; A. Lewis, f Karaka, storekeeper, £4 l'Js ; F. Clayton, . Karaka, storekeeper, £10; Jones and „ Ganelin, 43 16s ; total; £282 2s lOd u The assets comprise a pony £3, phono- “ .rraph £lO, 500 shares fully paid up to Ml 0 fn a Milling Co., held b.y his brother James Drummond, in trust for him, rcpresenting value to the amount of iSOO, 5 but debtor is unable to state the value of such shares.