T. Button's Bankruptcy.

Manawatu Herald, Volume III, Issue III, 16 December 1890, Page 2

T. Button's Bankruptcy.

v We ave sovry to learn that Mr T. Sntton has hail, aftei- all his efforts, to seek the protection oi' the bankruptcy Court. As a member of the firm of Stewart Button & Co., he came forward like an honourable man and did his best to nil the " breach " caused by his partners, and we understand that the heavy reclamations he had to stand on shipments to London, amounting to many hundreds of pounds, _ has caused this unfortunate position. We look upon Mv Button as a very straightforward man, and regret his misfortunes. The following is the statement of assets and liabilities in the bankrupt estate of T. Button 5—

Liabilities. — Unsecured creditors.—Pahnerston North : Nathan and Co., £290; A. 11. Wylds, £10 ss ; Richter and Co., £8 14s 9d ; H. S. Fitzherbert, £1 7s 8d ; W. L. Luxford and Co., £9 19s 6d ; Woodfield and Co., £29 18s Gil ; A. Stokes, £15 ; G. C. Miles, £12 10s ; D. Pringle, £8 15s ; Stevens and Gorton, £28 ; W. Park, £7 10s ; A. Jack and Co., £1 18s ;A. Stewart, £20 ; J. H. Hankins, £22 ; F. Bryant, £11; W. T. Woods, £22 10s; J. Bett, £12 ss ; Boon and Cole, £6 6s 4d. Foxton :A. S. Easton, £15 16s 4d ; C, Honore, £39 16s ; A. Spiers, £3 6s 6d ; McMillan, Rhodes and Co., £12 14s. Sandon : D. M. Brooks, £10 4s ; Cuthbertson, £9 Gs ; Rowe and Son, £5 15s ;J. Reid, £9 10s. Campbelltown : P. Reid, £4 4s 6d. Bulls : G. W. Smith, £7 15. Wanganui : D. Murray, £10 10s. Wellington: Murray, Roberts and Co., £60. Lower Rangitikei : J. McKelvie, £35. Foilding : P. and J. Bartholomew, £5 6s. Lower Hutt : W. McCree, £7 ; total, £766 3s Id, Secured creditors. — Union Bank of Australia, £300, guaranteed by Mr J. Beale, who is secured by bill of sale and mortgage on the following stock : — Three horses £50 : three sets harness, £20 ; three spring drays, £65 ; four wheeled brake, £20 ; one dray (broad tyre), £15 ; two eight-horse power engines, £200 ; two flax strippers, £30 ; 200 feet of belting, £40 ; two Avery scales and weights, £20 ; total estimated value £490 ; surplus to contra, £190. Assets. — Book debts, estimated to produce £5 ; furniture, £20 ; horses and harness, £10 ; dray £10 ; mill building at Taikorea. £60 ; good will of lease, £50 ; 16 togs of flax in the hands of Meesrs McMillan, Rhodes tf Co., on which £14 per ton advanced, £16; 5 tons of flaxen the hands of Messrs Murray, Roberts and Co., on which £11 per ton had been advanced, £20 ; surplus for contra, £190. Total, £381. Deficiency, £385 3s Id.