MEETINGS OF CREDITORS.

New Zealand Times, Volume XXXIV, Issue 5685, 19 June 1879, Page 3

MEETINGS OF CREDITORS.

A meeting of the creditors of Charles Pryke, hotelkeeper, Pahautanui, was held yesterday at the Supreme Court House, Dr. Newman being in the chair. The liabilities were put down ac £3IOO, and the assets at £3275. As it appeared that there were some suspicious circumstances connected with the case, the debtor was put <m oath. He stated that ever since he bad taken the hotel he had been losing £2 per week, and he had to make £l2 a week before be could earn a penny himself ; that he had collected no money owing to him during the last three months ; and that his wife had received some money from his brother-in-law, but the amount did not appear in bin books. He had paid away all the money ho had received duringthe last three months,but had sold certain goods to his brother-in-la -1 /. Mr. R. Smith was appointed trustee, stated that the debtor had received at least £SOO during the last three months, but he had never . paid anybody, and the question was what had become of the money ? The debtor replied that he had sold a horse and express and some land to his brother-in-law, and money had been received on account. He had not given away any goods to his relations, and he did not know that any goods belonging to him were in his brother-in-law’s house. Mr. Smith said he believed that plenty of things had been given by debtor to bis relations simply for the purpose of clearing the house so that he might file his schedule, and said ho knew it was one of the greatest swindles that had ever been perpetrated. It was decided that the trustee should investigate the estate, and call another meeting when he thought proper. A meeting of the creditors of Alfred Lindsay, boot importer, was held at the Supreme Court House yesterday, the chair being occupied by Mr. Lipman Levy. The assets were stated to be £11,112 6s. 6d., and the liabilities £15,220105.; the deficiency being £llOB 3s. 6d. Mr. Edwards, on behalf of the debtor, stated that his client desired to assign his estate to Mr. T. W. Young, for the benefit of his creditors. Mr. Lindsay stated that he valued his , stock at £6041, which was 15 per cent, under cost price. Mr. Brandon, jun., moved that the deed he assented to. Mr. James Smith seconded the motion, which was carried unanimously. It was unanimously agreed that Mr. fi. H. Hunt should bo co-truatee with Mr. Young. It was resolved, on the motion of Mr. Brandon, seconded by Mr. ■ Hirst, that Messrs. Hunt and Young, assisted by Mr. Lindsay, should work the estate for three months, and then call a meeting to report upon it. . The meeting of Thomas Moore's creditors lapsed, in consequence of the non-attendance of creditors. ■