IN BANKRUPTCY.

Gisborne Times, Volume XXVI, Issue 2284, 1 September 1908, Page 2

IN BANKRUPTCY.

THOMAS PIZZEY, FRUITERER. , meeting of creditors in the estate oi 1 nonias Pizze.v, fruiterer and grocer bankrupt, was held in the r ■ John Coleman, Deputy Official Assignee. There were also P J 5: ® e 1 1 ’ i Messrs F. S. Malcolm G. Miller, Swift, Anderson (Murray, Roberts, and Co), F, W. Riacli, 11. Mai tin and Gaudin (representing lu ol3 feld and Co"., the largest credi.tors in the estate. Mr. Blair appeared for the bankrupt. Hie bankrupt’s filed statement, as previously published, was read, sliowing a total deficiency of £145 17s 9d. ■ , i bankrupt, having been sworn, stated- that ho commenced business as a fruiterer 2J.years ago. He also took over a grocery business in November last. When he started business lie had £25 and three horses, for which he received £29. He had no property, but had an interest in an absentee section in Hawke’s Bay beMrs. O’Donnell, who had willed it over to a Mrs. Hollis’s children. He executed certain repairs to the house on the section, and Mrs. Hollis told him he could collect tho rent until tho amount of his expenditure, £9O, had been paid. Ho did not know Ins. position in the transaction, but thought he had received more than £9O. No regular accounts i.i s ? 10 P kings had been kept, although he gave instructions for such to be done. For any moneys paid out lie had receipts, but no entry was made in any book. Ho lost nione,V over tho grocery business, and sold out the stock at cost prices. He paid managers to look after bis shop while lie went (round, buying and hawking vegetables. The causes of bis failure lie attributed to ill-health, burglaries oil his premises, bv which lie lost in all some £43 odd, the failure of vegetablo crops which he had bought in the ground. He, considered that tho shop had boon badly managed by his employees. He had no offer to make to his creditors as lie was penniless and in a weak state of health. Hie Deputy Official Assignee said that the Act provided that proper books must bo kept. This had not been done, and bo would probably have to take action in the matter. After a number of questions bad been asked by creditors present, it was decided on the motion of Mr. Gaudin, that the estate be wound up in the usual manner.