The Manawatu Standard (PUBLISHED DAILY.) Suivant la verite. THURSDAY, NOVEMBER 22, 1883. OFFICIAL ASSIGNEES.

Manawatu Standard, Volume 4, Issue 301, 22 November 1883, Page 2

Manawatu Standard (PUBLISHED DAILY.) Suivant la verite. THURSDAY, NOVEMBER 22, 1883. OFFICIAL ASSIGNEES.

•* . The names of the persons whom" ihe~' [©iVbinet iraainbcbntrntinded for the posjr. tion of Official Assigueas hav^ been made public and are as follows : — For Auck ■land r Mxffi-oimltAWOV, ibrm^rly cpni nected with Brooden & Sons, and who was for some time Commissioner for the North Islan^yaiLwAy^jlW Wellington', Mr CO. Graham, at pnaient.-Tb.wn" Clerk. For Chiistchurch, Mr Xi. Latter, a well-known resident;'! X S 3BV>^ Dunedin, Mr J. AsHc&oiFT^v until recently editors o£;.. the Otagq ; Daily,; Times. We do not know very much as to fctia fitness or otherwise, of these persona 1 / for the posib'ona the duties of which they have been selected to discharge, though we notice that various sections of the Press are not exaotiy favourably impressed with the appd3ii£ ments. Our readers may perhups,dcsire to know something of the duties of the Official Assignees, which pdaifcfoh the recent Bankruptcy Acts have orea-

.ted. it^ilK be^tfecollectod that .the. conßdlida- ' tion ci^he-tßanpiiptc^ Laws of the: colgfoyU*! Tlj^Qfiwial A^ign^ wiHsnoir EQfti^rili^^ec^fefie windin^pp avat present, so*far as "'inere^mattm oT accounts are concerued. Creditoiw of estaten may still elect trustees; the Official may appoiutmis'deputy m certain cases. But the record of t bankruptcy cases m all matters relating ;to the winding up of estates shall be placed m the office of the^ Official Assignee, who shall ha\e all the powers of a "receiver" appointed by the Supi- reme Court. *He : may apply to the -Supreme Court for advice and directionThe Official Assignee shall.have power to examine bankrnpts as ,to s motje of carrying on their tra«.le, keepjing accounts, &c. Bankrupt esiateK will vest m him, and ho will report to the Supreme Court all matters pertaining to the position of the debtor, to his conduct m business, to the form, and method of keeping his accounts. The asHignee»appbihted-by crediiors will J report to tbe Official ; Assignee all j •matters necessary to give information for the disposal fititl ;; sale of assets of j each estate that comes under adjudication. iHoJjt tntfjoew-measure will work, and to what extent iilh'witf be found an improvement on existing ; with' regard to the speedy and satisfactory winding up' of insolvent estates, remains to be seen m its ftf^urQ operation, which will no doubt be carefully watched and compared witn fhe systom hitherto m vQgueV . ,