CREDITORS MEETING.

Patea Mail, Volume I, Issue 10, 24 November 1887, Page 2

CREDITORS MEETING.

The first meeting of creditors in the estate of J J, Robinson was held ou Monday last, pursuant to notice. Only three creditors who had duly proved their claims being present. _ The Deputy Official Assignee, Mr WHE Wanklyn, presided. The schedules of assets and liabilities were read, and the bankrupt’s statement, on oath to the Deputy Official Assignee, as follows ; I have been in Patea since the Ist of July last, before that I was in busi ness in Wanganui as a draper. I sold out of the drapery business toNicliolis and Boundy for about £ISOO, that amount went to pay my liabilities, with the exception of some book debts £2O of which I have received When I took the hotel from Hurley I had no money. I had an interest in a house at Napier, which I valued at £250. I did not get anything out of it. The property is in my name, and mort gaged to Mrs Moore in England, and a second mortgage to Harcourt and Co of Wellington I took over the stock and furniture at the Albion Hotel under a Bill of sale to Mo Oarthy and Young. I have put in about" £ls worth of furniture, and, spent £5 in reparing the other furniture. I have a gold watch chain and ring, which are worth about £ls, I did not put these things down in my schedule because I did not think it necessary. Neither my wife nor myself have any money, neither have avb any expectations. I attribute my bankruptcy to insufficient capital coupled Avilh bad business. The assets and liabilities were as follows

The Assignee asked if any creditor wished to put any questions to the debtor. The debtor being sworn gave the following answers to Mr Me Kenna; When I came here I had one horse. It was sold to pay the expenses of its k«f p it realised at auction about £B. It was not a race horse, and was never in trai ing -Mrs Eobiuson has a sewing machine it is her own property. 1 offered it for sale a- the time that I wanted money. It has not become my wifes property since my bankruptcy. I had no other horse than the one mentioned when I came here, having sold my other one about three weeks before I came here, it realised £22, horse, saddle, and bridle. I had no capital, -but I had assistance when I came to the Albion. Since I have been in Patea, I have purchased goods in Patea, and paid for them as far as I was able. I have no money nor promissory notes in my possession. I j have nor had a promissory note from 1 Haughtea since X came into the hotel (

I brought no other f uniture than the pier glass and sewing machine from Wanganui, and I have taken none out of it. I remember the time the b ilifE ,v s in for rent. I have not p.y'd anyone since then. At the close of the examination, a resolution was passed, on the motion of Mr McKenna seconded by *Mr Gower, requiring a public examination of the debtor-. ,

LIABILITIES. Unsecured creditors. £ a d T Young, Wellington ... 50 0 (i McCarthy, Wellington ... 30 0 0 A Todd, Wanganui 35 0 0 Kennedy, Wanganui ... 9 0 0 Hannah & Co, Wanganui 214 0 Nicholls & Boundy, Wanganui 413 8 York, Wanganui i 9 0 Chronicle, Wanganui ... 1 0 0 Herald, Wanganui 6 6 Me Arthur & Co, Auckland 13 0 0 McKenna, Patea ... 25 0 0 Hurley’s Esta e, Patea ... 50 0 0 Mahony & Co, Patea 10 0 0 Barraclough, Patea 14 0 0 Kells & Kearney, Pa x ea .., 7 0 0 Potto, Patea 4 0 0 Gower, I ’ntea 2 15 0 Brown, Patea 1 18 0 Collins, Patea 2 i0 0 Deane, Patea 2 0 0 Borough Council, Patea,., 816 0 Adams, Patea 1 i2 6 Total 276 14 8 Scoured creditors. £ s d McCarthy & Young 225 14 0 Colonial Insurance 43 U 0 Total .298 14 0 ASSETS. Book debts £ 8 d 102 14 2 Cash in hand of McKenna., 11 5 0 Personal effects 23 0 0 License ... 34 0 0 Mirror ... 10 0 0 Surplus over security ... ,54 0 0 Total 234 19 8