MEETINGS OF CREDITORS.

New Zealand Times, Volume XXXIV, Issue 5837, 13 December 1879, Page 2

MEETINGS OF CREDITORS.

, MR, LIARDET'S ESTATE. A meeting of creditors of H. E. Liardet, farrier, Wellington, was held yesterday afternoon at the Supreme Court, Mr. Ladd in the chair. Mr. Sandilanda represented the debtor. Tile main cause of failure was stated to he that the debtor had hacked a bill for Mr. B iscoweu (since insolvent) for £457 17s. 10d. The liabilities were set down at £963 2s. lid,, and assets £1536 13s, Id. Mr. Ladd was appointed trustee. In reply to Mr. J. S. M. Thompson, who put questions concerning the assets, the debtor said be thought over £IOO would be realised out of some goods valued at £227 which had been sent home to England through Johnston and Co. iu 1875. In all about £450 worth had heeu sent, but £25) worth had been returned and were now iu Messrs. Johnston’s possess on. The goods sent to the Sydney Exhibition he valued at £l4l 17s. They were invoiced rather in excess of the Wellington retail prices. The mare and foal, put down at 1"0 guineas, were in Messrs. Johnstons’ possession. A creditor remarked that £ls would be nearer the value of those animals. The debtor said the Sydney goods were sent through Dr. Hector. In reply te questions put by Mr. Alcorn, the debtor said that when giving his endorsements to Mr. Boscnweu he believed that remittances were coming out from England to the latter, to meet the bdls. Both Mr. and Mrs. Boscowen bad told him so. He saw documents in their possession with reference to these remittances. He had told Mr. Alcorn that the amount expected by the Boscowens was about £1250, but he had since been told by Mrs. Boscowen that it was only £SOO she expected. He had told Mr. Alcorn that Mrs. Boscowen wanted ball-dresses, &c , because her cousin (a lady of title) was coming to reside here, and that the account would be all right. Mr. Hannah, who had just arrived, hero put in a proof of debt for boots supplied. The debtor objected to part of the claim, as some of the goods were for Mrs. Boscowen. Mr. Hannah said the debtor had got them for Mrs. Boscowen, and had told him not to let Mrs. Liardet know. (Laughter.) Mr. Liardet positively denied this, and Mr. Hannah retorted that the denial was an untruth. Mr. Denton then asked the debtor who he got a sewing machine for from his (Mr. Denton’s) establishment. The debtor replied that he got it for Mrs. Boscowen, but he did not let Mr. Denton know this. The debtor was then further examined concerning his estate. In reply to Mr. Thompson he said that he thought he had paid money to his creditors during the last six months. He had, he thought, received £IOO or more during the same period. He had not been able to keep a banking account for some time past. He owed £ll2 for rent. A bailiff had been put in after he had tiled his schedule. The stock, £450, was put down at retail price. He had no security from Mr. Boscowen. Iu answer to Mr. Robinson, Mr. Liardet said he had derived no consideration from either Mr. or Mrs. Boscowen for endorsing the bills. Mr. Liardet was then sent for his books, and on his return it transpired from examination of them that his landlord had received his rent ic s ui«iiy during the last six months. The trustee and Mr. Sandilands said that under these circumstances the landlord could not distrain for rent due prior to the last six mouths. It also appeared from the books that the sum of £736 had been taken in cash since the commencement of the year. After some further conversation, during which the opinion was freely expressed by the creditors that they had been swindled, it was resolved on the motion of Mr. Alcorn that the estate be wound djj as speedily as possible. A meeting of creditors of B. Strachan, hairdresser, called for yesterday, lapsed for want of a quorum.