MEETING OF CREDITORS.

Patea Mail, Volume IX, Issue 1118, 28 November 1883, Page 3

MEETING OF CREDITORS.

A meeting of creditors in the estate of Mr F. R. Doneghue was held at the Court-house on Monday afternoon. There were present Messrs Tnplin (ip the chair), H. I. Davis, G. I. Potto, ' E. C. Horner, and H. Chadwick (trustee). V : The trustee in the estate reported as follows ;- Gentlemen, Since last meeting 1 have employed a man to pul tho stock in order so that it might be easily 'seen • I advertised for tenders loi the whole of the stock and tools, and there being only one, I accepted it. The amount, £9O, . does not seem, much, considering that the stock is valued by the debtor at £2OO, hut it is not a stock that can he easily disposed of, and I was of opinion that should I put it up to auction it would bring still less, and there would be , more delay as tyell us expense of advertising again, and auctioneers commission. I have looked over, the furniture, and I think that £2O is Us full value. The coach factory *■ pf cottrse would riot bring at the present time* the amount; of mortgage. £550, * .Wd 1 would suggest tbal I be instructed ;|o ? wrLtaAo ,Mf : Bridge,Jpforming him :.:ibatAho ;,cr.cdi ,or ß are-Aipt -disposed to lake it .-up, - a,n*l - would . therefore band over the place at once. I have _ gone ; fcftiefully over the books, and find-that 6nt of £4OO debts owing the" firm, th«To '*reonly atjorit (clear of all "which there is a possibility of getting in. The balanceJs.made up of contra accounts; bankruptcj,estates, and persons *ho have left the district. The Hawcra section I consider worth nothing and 1 think I might also be instructed to write ihfdftriiiig the owner that'-we -forfeit the Same to biro. Ther6 is a contingent liability of £ll9 15s wb : cb I find by referring to the Bankruptcy Act will have to bo recognised and this will probably delay the winding up of tbjs for some time. Against this amount. Acrp t i?/ » of £ll9 15s, hut X bear that it is very improbable .thatlb£*monnt will paidI *m of opinionltbat after the lawyer iitrnatcß’sf arid advertising occourils hyo; been pnid, there will be about £IOO a for ’ rfistribnlion'kiiiougat the creditofs;'which, -^ißhotllU'give a dividerid of «boaP4s in tl|e £ should some ,of the crctlit’ors-not . prove., Tb'o’debtor ha* done everything could tb assist apd/1 should recoix|- ? mend that be bo given bis, furniture aup immediate discharge... Har.rv 11. Chadwick, trustee.” : . ... ~ The report yeas adopted and. a .rcsAliiipassed .that lb® -debtor qe recommended for immediate discharge. Themeeting then adjourned.' ;

assets and; Liabilities.

The following is a list of the assets and liabilities filed in the estate of Mr W. Handley, sawmiller. Assets. —Stock-in-trade,; including tim- •••• ,beiv turning lathe, ; . moulding - irons, stationery, and sundries, £SOO i shares in inthe Patea Steam Sawmill and Woodware ■ Manufacturing Co., L2oo^fdofissory Note from ;G: Smith, discounted, L 66 13s _4d-;- do. r lodged at Bank as collateral seouii'y, L 75 10s 6d ; August Vol.braelit, (judgment debtor), about L 26 ; 3 shares West Coast Meat and Produce F.xport Co., LI 10s ; Goods sent to C. Smith for sale, comprising seed sacks, desk, and sundries, L 29 7s ; Horse, Saddle, and Bridle,LlA ; Hods (cost price, - L 345 10i 4d, less fall in price, L 172 15s 2d) L 172 15s 2d ; C Smitlh half share estimated loss on hops, LB6 7s 7d ; Furniture, L4O ; Book debts, L559a 4d ; Contingent, L 517 14s. Total, LV7B3 6s lid. * XT .;: , _ . -y Liabilities. National Bank iN M., Nelson, L 472 3s 2d L7O 16s ; Roots and Co., Fielding, L2Ol , Manufacturing Co. r L 25 ; - Mporhonse, EdwaYds, and Gotten, Wellington, about Ll7: .0 P Barker, Lls ;'McCarty, and Hunger, 1i2:2 12» 6d ; G D HKmerton, L 3 ■’l7s': H Hohnsell, Nelson, L 7 ; Kakaramen, L 5 17s ; Fated if.ail, L 7 bs;; B Nixon, L 3 7s ; Mahpny and Co, Ld Ids -lOdjrß C Tcnnent, L 6 15s ;,S Barra- ■ clotigh; about LI 16s lOd ; S Taphn, 16s 6d : T Hogan, about LI 13s ; Liindbcrg : bnd Co, LI 16s ;:.j‘>inroy, -Ll_i Dntbie Uhd Co, Wellingtbuy L4TOs 2d \Warignndi Herald, 6s ; W Howilt, 13s ; H F Mason, Waverlcy, L 8 10s ; G T Potto, 5s ; D Smith, 4s; C Potts, Ll4 ; J Bennett, L2 6«: W Dale, senr., 15s ; contingent, L 345 18s 6d. Total, L 1246 5s 6d.