Meeting of Creditors.

Patea Mail, 30 June 1882, Page 3

Meeting of Creditors.

ME M’KITTRICK’S BANKRUPTCY.

This afternoon, a first meeting of creditors in the estate of Owen M’Kittricb, lessee of the Central Hotel, Patea, was held in the Court House. Mr S. Taplin was voted to the chair, and the attendance of creditors was numerous. • ■ '

: The following debts were proved :

, Some; other debts not formally proved at the meeting will increase the liabilities to £1914 3s 3d.

; The total assets were stated to .be £2,065, showing an apparent excess of about £l4l. The assets were stated to be valued at £2,055 ; including the follow- ; ing among other items ! Stock and furniture, sub-) ject to bill of sale | ... .£ISOO Book debts ... , ... ... 200 Cows ... 12 Pigs ... ... 15 Lease of hotel, syears) and 4 months to run y ... 200Six horses . ; ... . 70 Mr • Deane, as official trustee, reported the steps taken since the bankruptcy. A v ; o of thanks was accorded to, him for the judicious steps he had taken. Chairman : Have you any offer to make, Mr McKittrick, for the creditors to consider?

Mr McKittrick : The question is, who would be my sureties.

Chairman • That Is a matter for yon rather than for us.

Mr M’Kittrick: Then I have no offer to make. Let every , man get what is his. fair due, as nearly as you can give it. 7

: Mr Barton moved that Mr E. C. Homer be appointed creditors’ trustee.

; Mr R. A. Adams seconded. . : Mr E. O’S. M’Carthy asked what would be done to prevent a family being tamed ' but of the house. ■

■ Chairman : That can be considered after motion.

Mr E. C. Horner was, after division, appointed trnstee.

The meeting resolved, on the motion b£ Mr Taplih, “ That Mr Christie be requested' not to exercise his bill of sale oh Tuesday next, and in consideration of same, the creditors do hereby acknowledge his claim; in full on the estate, and that an ’ order be made to the trustee authorising - him to pay Mr Christie’s claim in full out. of the first moneys received into the estate by him ; the period for which the bill of , sale held over not to be less than one month,”

Mr' Christie could’ not answer at once for his brother, but would recommend the acceptance of this if any creditors would be personal security for £2OO. Some creditors thought the trustee could raise the money at the bank to pay off the bill of sale. .

Agreed that the trustee’s commission be 5 per cent, on amount receivedj except the amount of bill of sale. ;

Agreed to let the debtor and family remain in the hotel for the present. Mr.. Adams, Solicitor, and Mr M’Carthy had . both urged some liberal allowance'on account of the debtor’s family, but the meeting postponed any definite .vote.

J. Dransfield, Wellington ..; £230 1« 5 Krull and Co ... 21 10 0 F. O’S. McCarthy ..: 1 2 0 S. Taplin 91 5 1 H. E. Deane... 42 6 9

Mahony 114 0 Lynch . f . 2 3 0 A. Black ... .. 2 6 6 C. F. Barker... ... • •• 1 17 B B. Houghton ... 4 6 6 J. Harley ... ... • •• 11X7 11 J. Klink ... ... ««• 5 2 0 Anne Dalton... ... 2 17 0 J, Gibson ... ... • •• 16 17 8 E. C. Horner ... • ** 7 10 0 J.-Whelan’s estate ... 2 6 11 P. C. Gowland ... 31 9 7 Public Trustee • •• 2 6 11 Gibbons ... 60 15 8 Land berg ... • •• 14 8 3 Barraclough ... 47 4 7 Speight & Go., Dunedin 18 10 0 R. A. Adams ... ... '■ 0 17 6 £986 8 0 Bill of sale, • •• 714 8 6 Rent ... ... 75 0 0 Total £1,776 16 6