BANKRUPT ESTATE.

Hauraki Plains Gazette, Volume XXXVIII, Issue 5210, 30 November 1927, Page 1

BANKRUPT ESTATE.

MEETING OF CREDITORS,

TROUBLES OF A PARTNERSHIP.

A meeting of creditors in the bankrupt estate of Suckling and Hunter Bros, was held in the Courthouse, Moninsville, on Thursday last. The Press was excluded.

The proceedings appear to ha\e been of a. somewhat, complicated nature. The partnership was dissolved, after which each member of thQ firm of Suckling and Hunter Bros, hied separate petitions of bankruptcy, as follows :—

William James Suckling, butcher Kaihere: Total debts, £1029 13s 4d assets, £llO ; deficiency, £919 13s 4d.

Leo Luke Surtus Hunter, flaxmiller Patetonga ; Total debts, £BB4 is id no assets.

Douglas Horatio Hunter, Patetonga : Unsecured debts, approximately £2OOO ; assets, nil. The hearing in the casei of William James Suckling and Leo Luka Surtus Hunter lapsed for want ofi a quorum, and the hearing was adjourned sine die.

In a lengthy statement Douglas Horatio Dale Hunter gave a full account of his business transactions with Suckling and his brother in flaxmilling and farming operations, in which’they had been most unfortunate in having their flax destroyed by Are, and the fall in price of land making their property purchases unprofitable. In conclusion, he stated that since the commencement of the slump he had been consolidating his position and reducing his liabilities steadily, and if it. had not beien for the results of the partnership and connection with Suckling, which led to the action by J. Endean’s executors under the mortgage, he was confident that if given time he would havei paid off his liabilities.

The following resolution was passed : “This meeting expresses sympathy with bankrupt, and being of. the opinion that his present position has been brought about through his unprofitable partnership, and seeing that throughout he has personally done his utmost to meet his obligations, we ask the Official Assignee to facilitate his discharge,”