"O'MALLEY AND PEPPERELL'S FAILURE.

Manawatu Standard, Volume IV, Issue 66, 16 February 1884, Page 2

"O'MALLEY AND PEPPERELL'S FAILURE.

,; " r ,r ' Meeting of Creditor!*. . ' i' v ,\ A meeting of creditor 1 * m the Bstatd of ■■p'My ley and Pepperelli dofltractovs; Vas hdld at Wellington on : Tlitirsday. ■fffe fOlJVwiug list of liabilities 1 aridv a^seis Vijts filed :— UnsebUred cHhfediVbi(s •" Secured creditors,' £3420 i; lejss estitniitfed value of secu'rit!ie's, : ' ; L2B4j5 > eq\ial : tb' L 575; surplus r ts ■ contrapt accdiirit ! ' and other liabilities, 'iii6S9 :' tjital, oiePl2l ; property as list, L 406 0; L 2121. ittnon^ the 7 tin^e"cured creditors are wages: (Mastered), LB6S ss'2d; do (Fs^ofa)> sL3BB Ids. t '''Mx T.raYei's explained - that' ; kte ' debtors ';|iad not brought : intb : HtHeir l acc6uht 'the FoxtonSafldbn^ cofitracr, taito from them by the Manawatu s t/ouiity .Council, which;' he^ underafeood, wotilH l^ completed considerably^tirider actual amount remaining unpaid. per'Sbn.f Jfefte^clrfiraelf Wa^eg: m "respect 6$ tfltt contract could obtain the money •under- the. Coajtractor^!. DiibtajLctJrom the County. Council. He old not think ..the credlto^^ouil^ get-^uch out. of the estate, unless the contract for thg reclamation could bo carried out, so as to preserve the assets and; free Mr Pepderell's securities^ .•;' 'j. The t#o -gentlemen suggested by Mr Travo^ ata supervisors-~^l essrs Duthie and Barnett — declining to act, a long "d^citfsipjtijpoji p.^offon the i^d^sableness of referring the claim agains£ the Corporation i.tjp ; ,aVbiferatipp:; ) la the course of tbg^l^ussiojn* Mr Pepperell said he had been, .unable to make a detailed statement, oecause ne could not get possession of the books, which were • i bfeSn* hawked «boilt > M a ! stertoh. J- Hw ufixm. ..had/done; M9OO; or Ji^OQQ worth Mit^W'k; L&tiiMa»lie.rtpn». a^d h|dj ohly receiyed/MiOOy. //;^ r itdi i ves^ct to" the claim of LeCKLfor wages, only L2JOO > was owing, Iqg&llyv. - ;; •i. r ; : ; . ; .-. h ; j Mx ißirneii, to jbesj>: the. tHB meeting, moved.,;" That the Official Assignee be empowered to apply to the City Council, .requesting them to con-i' Usqnit tjo, the 'disputed .claim j qf , Q'l^laUey •oikfk jPepgerell -Tbeiug , adjusted^; and settled by the ordinary form of arbitra- ; tionirr rrTJife, motion ,^was ; .11? gativod' 1 Qfr th^r/mptjijjjl^qCl^.jQavaett, the meecing was adlourije^Jfoß^h^e^eek'i^ .anil, the proceedings ended. _^ ;-"