COMMERCIAL.

Nelson Evening Mail, Volume X, Issue 167, 8 July 1875, Page 2

COMMERCIAL.

£20.4Pi;mk 9d ; doubtful debts, £2245 Ss sd, vaiu&i at; £^61 6s 31; stock in hmd, £20,449' i5b 6d, and landed property, £130; total, £41:622 19s 61, equtl U 9s 6J pee pound on trie amount due, and leaving a deficiency of £45,356 2s 3d, or 10s s|d in the pound. Mr H. S. Smith also read a lone report on the condition of the estite, • wh'ch was trenerally favorable to the firm, and ascribed she failure to all the earnings hiving been absorbed by the bank chargts for discount, which he estimated at £7000 per annum la concluding, he mentioned that there were no traces of improper or illegitinnta trading, and that the Citiblishment bad been wooomicaUy conducted. A number of questions were then put to Mr MEwan, the surviving pirtner, and replied to by him, in the course of which he stated tbat he had no books that had not been submitted to the arciuntanc, and also th-it he did not know the stiitn of his affairs until the bank dishonored his cheques on Monday Jatf.

Messrs M'Ewah & Co's Insolvency.— . The Melbourne Age report* that a meeting of the creditors of Messrs MEwan nnii Co, of Swauston-atreet, was heid on Friday, au the Dukfl of Kothsay Hotel, E!izabeth-3ireet. There was a crowded attendance, from eighty 4o ninety persons being present. Mr George Martin was voted to the chair, and he at once called oa Mr H. Selwyn Smith, the accountant, who read a balance-sheet he had prepared, shewing the approximate state of the affairs of the firm. The balance-sheet showed that there was due to general and unsecured creditors £29,040 7s lOd ; to special and partially 6tcured creditors (the Colonial Bank of Australasia) £69.9316s 1 Id, from which was to be deducted the value of cerfcirJcttes of goods in bond. £2702 13s, and .landed property, £9200. t. gether £11,992 13s, 'xs'jgnei to the bank at security, aad leiviog jthe wt unsecured liability to the bank £,57;9?8 XQa 11 d. The aggregate ot liabilities unsecured wae, iheiefore. £S6 979 is 9d, The ;Mset9 coniited f)t J>°ok debts, good,