Page 3 Advertisements Column 4

King Country Chronicle, Volume III, Issue 165, 17 June 1909, Page 3

MORDAUNT AND BAILEYS BANKRUPTCY.

At the meeting of creditors in the estate of Mordaunt and Bailey on Thursday afternoon debtors were examined at length as to transactions about which the account books did not disclose all particulars. The principal of these transactions related to the disposal of two sections, and a sum of £7O said to be owing to the Bank of New Zealand. Mordaunt and Bailey's account at the bank was over-drawn up to the limit, and Bailey, in order to help the firm, parted with two sections for £BO, receiving £lO in cash, and an undertaking that the balance w r ould be paid when the titles were completed. Bailey then gave an order to the bank to receive £7O from the purchaser, and paid in his own cheque for £7O into the firm's account. The assignee was not sure that the security held by the bank of New Zealand was good as against the other creditors, and intimated that he would obtain the opinion of the Crown Solicitor as to whether the equity of redemption lay with the bank or with the creditors. The assignee directed Bailey to prepare a statement showing what money he had paid into the partnership. He also intimated that he proposed to collect all the evidence together and submit it to the Crown Solicitor. The meeting was adjourned sine die.

Samuel Yaile and SONS, House, Land 8 Estate Agents, Land Auctioneers 8 Valuers Auckland, Hamilton, Pukekohe and Te Kuiti, Mortgages Negotiated. Our Te Kuiti Branch is under the management of Mr F. H. SOLOMON whose practical experience of farming will prove of great advantage to buyers and sellers alike. He will be pleased to inspect the properties of those favouring us with instructions to sell and to personally conduct intending purchasers to suitable properties. The following are particulars of a few desirable properties we have for sale: £550 Boarding House, Containing 5 Rooms and all conveniences. Situated in a good position. Price £550. Good Terms £I2OO RICH Section, of 300 Acres; heavy bush land ; limestone formation. Situated 3 miles from railway station and township. Price £4 per acre. £BOO Good Section comprising 428 acres, O.R.P. title, purchasing price 25s per acre ; nearly all open limestone land ; about 70 acres in grass and crop; new two-roomed house. Price of Goodwill £BOO. TO BUYERS! The Farm You Want S described in Our Catalogue, containing particulars of 1500 Farms, Houses, Businesses, Allotments, etc., of the total value of £2,000,000. This may be had free on application or will be forwarded to any address on receipt of 2*id postage. Write for One Samuel Vaile & Sons, LAND AGENTS, Auckland, Hamilton, Pukekohe and Te Kuiti. KING and CO., AUCTIONEERS, LAND, STOCK, & ESTATE AGENTS, HAMILTON. Land sales by auction a specialty. Clearance sales conducted in any part of the Waikato or King Country. On Sale : Chaff, Potatoes, and all Farm Produce. Prompt Account Sales. King S Co. J. McKEE, Auctioneer.

Two Good I AA ACRIS. Freehold ; all in grass; IUU s miles Hamilton; 2 miles creamery, P. 0.. and School; 4 miles railway; 6 paddocks; 7-roomed house ; also 3-roomed cottage; 4 bail cowshed, concrete floor; outbuildings. Price, £l4 an acre. Only £3OO cash, balance can remain at 5 per cent. '/"| ACRES, Freehold; all improved; «-*" 5 miles Hamilton; 1 mile creamery, P. 0., School and railway; 6-roomed house: 4-bail cowshed with concrete floor; stream on property; can be leased for five years at £1 a week, right of purchase'at £lB 10s an acre. £IOO wanted for improvements, includWm. E. West LAND & LABOUR AGENT HAMILTON