T. W. CARR and SON'S CREDITORS.

Poverty Bay Standard, Volume XI, Issue 1304, 3 April 1883, Page 3

T. W. CARR and SON'S CREDITORS.

The Auckland Star of March 29th has the following A meeting of creditors in the estate of T. W. Carr and Sons, Te Aroha, was held in the Supreme Court Buildings. ; There was a large attendance, Mr Larkins ; was elected Chairman. J i Mr Thorne, who appeared for tlie debtor, ! said that a statement giving an estimate of I property had been filed. The liabilities ! were £34,988. | The Chairman wished to know how the i amount had increased from £28,758 since the ; previous meeting, to which Mr Thome re- ; plied that certain actual liabilities to English i creditors and contingent liabilities had heen ■ inserted. In answer to further questions by the i Chairman, Mr Carr said he came here with ' no capital at all, when Mr Larkins responded • “ And you told your creditors you had : £-5,000. * Here Mr Chambers moved and Mr seconded that Mr R. Davis be appointed trustee, which motion was carried f unanimously. On the motion of Mr G. Owen, seconded by Mr Hardy, Messrs Chambers, Heather, Reid, Stafford and Harkins were electa I advisers to act in conjunction with Mr Davie. Mr Thorne then stated that some months ago there was a consignment of tryciclea for Carr and Sons on the Gulf of Finland, which had been wrecked, and the insurance policy j of £l3O now became the property of the trustees. Mr Russell asked whether the schedule . was not filed as T. W. Carr and Sons. Mr Thorne replied that the sons were under age. In reply to further questions, Mr Carr said that at Gisborne one of his sons was paid ten shillings a week. In Auckland they , got no payment, although they were to receive ten and fifteen shillings a week respectively. The payment of wages at , Gisborne was shown in his books. Mr Chambers said Mr Carr misled the i whole of his creditors by making them be- ■ lieve he had so much money when he had I none. Mr Larkins also regretted this fact. He would take his affidavit that Mr Carr had j told him no less than ten times that he came here with £S,(XX). Another creditor pointed out that Grant and Foster’s block set down as an asset was 1 really a liability, as Mr Carr had but paid a i deposit of £1 per acre on the land. With reference to the bill of sale held by the Bank of New’ Zealand, Chairman said he had seen Mr Murray, who said he would help to make the best of a very bad cxse, and agreed, after a few words, that they would take no action until after the meeting in bankruptcy. Then the Bank would decide what to do. Mr Murray showed a disposition to assist the creditors in every possible way. After a few other important matters had been discussed, the meeting concluded, Mr Davis having stated that he would be able to lay a correct statement of affairs before the creditors by Monday next.

J-or Continuation of XetC9 see J-’mirth Vftf/c