In Bankruptcy.

Manawatu Herald, Volume III, 14 February 1890, Page 3

In Bankruptcy.

: A weetwa of creditor* in the estate o Murphy, flaxmiller, bankrupt,^* „ .fold at the .Court house yesterday .-alter . no<mv Present-Tile D.0.1, (in the chair), Messrs J. H. Wallace. C .Muuphy, and Or, F Hawkins. Mr Han^us, appeared, fw the D.O A., and Mr Hawkins for the.d.ebtor. atatoMenl.pf the debtor with regard to, his transactions vyas read It fimeS'as a flaxmiLler :at. Blenheim. 'Alfred Ro'gejvot Blenheim, who bad , acted 'aiKl&ifpr a;>ng. time, : infomed w£ one fiaW&eld a»d J!ra.ta>XsL*#, amf proposed- that debtor .«« bo *nd work thVlfiaW i^^neideraton thai -to (floge^'shoutd • receivcTiohe tMrd of the profit, \in the 'flat. .TMs , was ' 1 (o ' and debtor had commenced -wo*, at -confliderable outlay. Hansel* had .stopped the work and insisted Misoa ft .raee.whwh had been cut being filled 'id. -A*> won a 8 the diffiomly «aa .«rrah*ad. ;»^« Refused to>a«ow any flax to-be wtrU thus nirned out that the agreement profepaod, to have been secured by KogeiK wa* vftlna,. Ippsa^,* -fltfth.- Tlie iniH^as stopped for six jnojitljs, »nd pen.UsiK' arrangements, tl utSiS/niii were removed to Otaki I'SiwaUy ofl«..pev ton, which. the, (lSttor refused unle^ fresh arrapgepjents were entered into, which Drake refused Jo assent to. Rogers, although msistin K npon participating in, )ioiit. had g^yen no C 9ri9icferatf6il for ntt 'shAt'e, 1 Regers'^ r^fnsai '. to 'defertd ah wtion Wr £30©*broURht by Di'akoV he (the debtor) waß'-cJoevtSed into rabmittin^ td Di^ke s demand..- Iri Jol/last, Jfcssrs Holmes -*nd' B«.H4epresented to debtor that Rbg6rs had .Hissed of hi» interest in the nulHo Hdlrnesari»«4^a»d.that toaPrtistlmn the debtor wonld be required to sign certain documents* sei-wfng to them the j>. o t >evty m thc^m.ll: whkh witness did. Hoi n^ and Bell repented that the -mill would, henceforth be carried on in the debtor* interest, and as • =oon a« the produce from the mill rendered the rail! tr£ ol debt, it would revert to debtor No mon.:y pass.^l]bet\veeii the artSi \botrt a week Aft-.wards Holxues Stan account tothe.lbtor .hjwj* allefel -oavments amonntin K to A«2o as 51, S of which had already >en charged to him and included in promissory note g.ven o Holmes f>r £354 11.. be-ije- which cost „( removal of eng'ne from Otaki to Wa kaaae wa? estimated at tUo. At : tne timt the- documents, were prepared there r 8 a arge quantity of flax in the hands of Holm^B and Belli asdebtov'- agents, which they bad sincg refused to account for He would never have bi ned the document unless tbe nnderstan mg had been Sat the mill was henceforth to be earned on for his benefit free of Rocers, Holmes taking Rogers' place. It would be seen by Ss filed Vatementthat Ho m b and Bell had possessed themselves of nearly every available asset in the eatate. and had alsp as debtor's agehts, availed themßelves 6f. the knowledge they posessod m his agents o buy in the several property, referred to n the flleft- statement alteT wilful a lures on- thrituart asartch aserits tv pay interest «nd oSwise tttotect hi» in'^tn, tfhieh Ser powlr of attorney «icy ««hi: to have' SL. Wh«nhenv B t'con,menc^b« Bme8 me« fi at WaiUanae ■$<* had , ; t3oo_. cash. The statement vyenl on tQ show .that interest upon Merest, and mtw»t upon Broonratlbn'fees and discount were piled ! St'hSiri. This had b-,n .the, Way h!?hM been served throi-.«li«»t in erery tpanaactibn, and hence . to • ruin. He trußted that the creditors w,.«l 1 see their way clear ta possess tbemsnlvw of the engine, gear and cooking iHensilß at The debtor wM'pnl on- rta«n«nd a few questions Arted by Mr Hankina for the On the motioa of Mr Hawkins ifc wM-re-iolvcd, That the bankrupt be a 1 towed- to to retain ftll furniiareio his pojiewioni iheluding the.ease.of orookeiy i-eferred to in bia examination. ■• 6n the motion of Mr C.Muvnhy it was resolved, That these. ia no necea-ity foe * nubile examination of the bankrupt. It w«f suggested by Mr H«nkins that the Deputy : Official Assignee should wnto to Mr Cookreii; Otaki, pß.vbnpp appHoatioq the debtor was adjadced bankupt, and aak him if he was willing to uunrantee the cost! of an wtWo to upset the two bills of ■ale.-M. Timdt