BANKRUPTCY.

Poverty Bay Standard, Volume I, Issue 166, 25 June 1884, Page 2

BANKRUPTCY.

T. E. R. BLOOMFIELD. A large meeting of creditors in the estate of T. E. R. Bloomfield was held yesterday afternoon. The assignee read a statement of the position of the estate, and said that the list of unsecured creditors seemed to him to be a great deal too small. For instance Mr. Ward was down for £9O and he proved for £4lO. As far as he could see the bankrupt had tied up every possible thing he could against his creditors. Wherever he had a chance of giving a creditor a preferential claim he had done so. The debtor deposed—All the accounts in are about all I know of. With regard to Mr. Ward’s claim, I know nothing of the £llO. My dishonored bill to Mr. Ward might have been an accommodation bill. I have another accommodation bill out to Mr. Brassey, that is all. The purchase of the sale of Mungatu was completed about last month. I think I signed the agreement about the beginning of June. I signed the mortgage of the property to the bank, I think the day before I filed. 1 might have signed it on the morning I failed. I agreed to mortgage it some four or five months ago. It was to go against my overdraft. 1 don’t think Mathews gave me any money. The day before 1 filed, 1 did not get any money from the bank. I might have got a pound or two as a further advance for doing it- C>iim >n <fc Co., bought about 1,500 sheep for me. Mr. Common acted as agent. This was done about December or January. 1 paid for them b” a P/N to Common & Co.

I did not meet it. The P N was for three or four months. I paid it by them advancing me money on the stock, and I paid some of it back to them. The amount was some thousand odd pounds. £750 was the amount for the PN. I paid one or two other debts off, I paid Mr. Skeot £ICO, and a fire policy of £4O or £5O. I paid one or two other small accounts which I cannot recollect. I paid Common <fc Co. some money during the last month. I cannot say how much. I received money from them by cheques which were cashed at the Union Bank. I cannot say how much I paid Common & Co. It may be £llO, more or less, though I don’t think it was so much. I received a thousand odd pounds from Common & Co., in cheques. I changed the £lOO cheque and the £42 cheque. I handed the other cheques back to Common & Co., without having them cashed. The 1,500 sheep are on the Reay station. The Bank seized them. I think they seized them under a stock mortgage from Bloomfield and Wyllie. I was married on the 25th April, 1863. I executed the marriage settlement before I was married. I signed it before I went away from here. I think Mr. Ward was present when I signed it. I don’t think Mrs. Bloomfield was here when I signed it. There might be one or two things in the hou- now which have been put there since the settlement was made. There is a piano there, valued at £52, and an iron safe, bought from Parnell and Boylan. I don’t think there is anything else. I have got very little jewellery myself. There is none made over to Mrs. Bloomfield. I did not pay Mr. Coleman, in Auckland, £4OO, solely for jewellery. A lot of things I have bought I have made presents to my mother and brothers. I have one or two diamonds. I have a set of diamond shirt studs. I have a couple of diamond rings. I have a gold watch, which belongs to the family, I could not say what Mrs. Bloomfield has got. I presented my wife with a diamond set before I was married, worth about £lOO. There were one or two other small rings and diamonds, worth about £lO, £l5, or £2O. I will not swear how much I gave for them. I have not kept any books. I said I would put down my studs and other things in the assets in time. I have got five or six horses at my own house. I bought the horse Scottish Chief before I was married. The roan mares mentioned are not mine. I did not buy them. I have not paid for them. They were taken off my property before my failure. lagreed to buy them, from U’Rren, and got delivery of them. The price was to be at £4O a pair. I was going to take that monev off what he owed me. I could not say whether the P N for £llO is an accommodation bill or not. I have given Ward several. I put Mr. Ward down for £95 because that was the amount of one of my bills to him. I have had an account from him, the amount of which was about £135. I am aware that I owe Mr. Parnell money, but that is to be settled by Mr. Brassey, I owe Mr. G. Wyllie something. I owe rent on Tutoko and other stations, I don’t know how much. There is a little interest due to McKay on the second mortgage of the Reay station. • I value the Reay station at £6,500, freehold and leasehold. I think there is some interest due to Mr. G. Wyllie. I have no shares in the Waengaramea. The shares in that were merely in my name. They are not now. I can find out the value of that woolshed and the other buildings on the Reay station. The rent of the leasehold on the Reay station is about £75 a year. It has 15 years to run. The next rent on the Reay station' will be due about October. I cannot say when the shares in the Waengaramea were conveyed to Read’s trustees. In reply to a creditor, the debtor said that he did not give Winks and Hall security for the furniture, because they would not accept what he offered. The sheep were bought after the dissolution of partnership. I have Do interest in Read’s estate now. I got the balance from that estate of £1,569 about two months ago. I paid that away to Mr. Dufaur, on an old debt. After my mother’s death I have an interest in the Matawhero property.

Replying to a question put by a creditor, the debtor stated he thought he could pay everyone and clear himself if he was allowed time, say two years. After much desultory discussion, Mr. Finn moved that the estate be realized in the manner provided by the Act. Mr. Ward seconded.—Carried. This brought the meeting to a close.