MEETINGS OF CREDITORS.

Pahiatua Star and Eketahuna Advertiser, Volume 1, Issue 34, 1 October 1886, Page 2

MEETINGS OF CREDITORS.

KSTATK OF BENKY WAOWTAFF. The adjourned mMline of creditors in this estate wm. held at Moan Briggs A Gibbs' auction room on Wednesday, at 11 am. Present—The Deputy-Assignee. Mr Stansfield (presiding!. Messrs J. J. Murphy, Stewart, J. Mouteith, Naylor. Skipper, A. W. Sodcolu, Gregory, and Spargo. Mr Oi.thard. of Woodville, attended on behalf of the debtor. The died statement of assets end liabilities was real by the Deputy- Assigns*, showing tne former at i.'3'iO. and the latter at TWO 5s 6d. The heaviest creditors were—Nicholson, Woodville, £9O; M :i----teith, do.. Ta Va id; N. Campbell, do.. Til lHs Hd ; A. Peebles, do., f-i; J. Macmillan, do., 17 Ha ; J. J. Murpliv, do., i'C ; R. Davis, Fielding, X"iO ; If.1 f . Bristoe. Wanganui, T 23 10s; Suisted, do.. Til: D. Murray, do., T'JO 3s ; Tiiam A Co., do.. Til ; A. A. llrown, T3O. The l'ahiattta creditors were—J. Gregory, Ti iHs; Isle* A Hicks, TT 8a 4d ; W. Rust, 1 1. 6.1 ; Stewart, T 3 10s; Harlow, T 1 it tkl . T'i; Humber (not mentioned in list) TI.V The assets wore male up as folkiws : Rook debts, TOO; furniture, T 10; property, £l5O, including milling plant an l Interest in lease of reserve, and two oottagee on reserve at Awapurua. The debtor was eiammsd by the Deputy- Assignee, and male the following statement; — Came from Woodvdie to Pahiatua about five months ago, and h»l commenced buain.-ss as a sawmillrr. Hal erects-! mill on the Corp- rati- m Reserve, the cost of which ho estimated at Tin W«a at Woodvtlio a year and a half in the Cheese Company prior to entmng to Pnhialtta. and had received a salarv of Tl5O ner annum for ftrst thirtessi months, and ino remaining five mouths at the rate of TIHO. Several of tiw larger amount* in schedule wer- debts cun. trActed before he cauie to Pahulua.

K-ilfc«£di to li TTSB 10a. which be : be.ii • ;• '• in d«ft*r*n« c»pev#eaj of p**nt. Had 0.4 timber hW Weil cut* I* Wa iu.'n in*' whole of thr« mom • to git thiiifi in order. Mr Fcowa, .4 Wiiw n - .. <n-d.Tw-d a thre# moot:*' bill for him for t'H. part af nr..caeffi of wiurh bad t>. u I ui |irohaea rf machinery. 1 * 1 " i- 1 Lit ’:ny»i 'iiu tp nw.’t [ inn. M.f Wot* KMr Drown aakin ; - hiiu Ito hold it er*T Mr Hr owl. uiinieiiately I took proceeding?* and pul the bailiff in. I Debtor then went to WoodviHe and eoni milted Untn Nifhlliwi and Uonldth. I who alvi»e.l him to file in order to #«ctiie the other creditor*. The null had U. . \ luaaed to M.-aer# Marah k 6»r twelve in.withe, at a rental of tlO per month. I {taxable in advance. The fir»t m*n i # I rent had been paid—not in cash, it hat.t. ; Ltaeai a eet-01l aga::i*t wagee u sent proprietor# beitiK in del I - a before leaaing. Theengine had coet ai-.ai A'TO to put on the ground. He in. I land from the Wellington Corporal < I r •il yearn, the rental for the tirel »• ■ i being 8* 4Jd per acre, increaaini; 60 j - r cent after each eeren yewre. bwwtii..; tile 4*'AJ fried a# bo-di deble. ifi,: - plained tnat he had been er.-e-T'-l »•* * WoodvilleCbeeaa Company. throe n. notice on either ride to terminate « v ra • ment. He had been diecliarjeed » U notice, and lin tel to considered tli# new I .any indebted to hitu in the emu cf #*i in lieai of notice. Hal a arnttoit a ment to that effa-ct. Tliera wa» tl tlf 6a due for rent of cottage by Jvnar ! rey who haul agreod to take it for t•. ,• month*, but haul only remained in it f a lew monlhe anil then left. Terry bad paid mum rent, but tlie iilf Win charged in accordance with eon'.-vt Debtor had given inatructioiie to h licitor to #ue Terry, hut tlie ca*e b < i yet come off. Wneo Mr Mchimn# :11 completed the Manawatu bodge, a I i..* building# liaJ been #old. and debtor J* rchaaedtwour three, wn.ot. tie hai .1 renorateal where they #V 01. They »ra on a Government ra-eerve, and w> ■

chased to bo ma»vr<l. but he . done eo. Spent about A' VJ at tint talr, but denied having purchased any r ,<t • or chains. The r«enn he earn* to I'» .. itoa vm that he teased a secuoa w eu 14 had to cvcupv. and eeeui£ only one Km I mill 111 the place not capable ol t.r ; ont sufficient titular for Die result toe .« of the district, ho 11. "ight it would -o an advantage to luinsclf and settlers . .1 started. Had be known another U •« mill wai to be rn-cted on a site very e o to hie he would not have undurtak. 11 ..g tank. Mr Stan afield here ml a letter f 1 Mourn Fit/.berbert and M.vrslial!. t >rs. Wanganui, with reference to jli A. A. Drowns claim, m winch it »*> 1 that Mr Wagetaff had represent! . Urowu that he *u expecting 1111.. 1 Home left by hie mother, and ther e . t be no difficulty in tumting the b.U , .1. j that the onifine had coat A'llk), an i . ... amount of bill wtia to pay balance of j .•• rhau money. Tlio letter also set 1 1 that it was the belief of the firm l .

debtor owned prop, rty at liouiv and at where. It was on the**' repr. • .; iti < tiiat Mr Brown and. r*. I the !• 11. Tim debtor denied harm" male any encli statements. lie had re. jTo,»*r. ■- a; Home, nor iia.l lie received any in -.iey, and did not ex|>ect anv. lie i..vi a brother at Home well od, hut he in. no interest in his brother's affair*. I*, was Mr Browns own proposal to ci. r,. : a bill. Mr Murphy asked the debtor if i> ". . i not rejirisM-nted to him on b.Tt. u • money that lie expuclud assistance 1 1 home. a The debtor—lf I did. it has n t r The Dimply Auu^ie—lt is very ; that tile debtor has been c. '.Ur ■ t by representing that he had money c ini: from Home. The debtor—l showed Mr M 1 r a letter received from Messrs K. • McDonald, regarding a loan I was try. .4 to mine. After various other ipiestions ha I '• • 1 pnt, the debtor admitted that tiiat • was a prospect of his getting v ia s ance from Home, but h«w much it w 1 be or when it would arrive he coul 1 say. ltegarding the debtor's etaim a * the Woodvillc Cheese Factory, so creditors stated that there was no | of the amount being recovered. 1 • Were also expressed regarding the eL.-_ against I'errv. In answer to a .piestinu. tli ■ 1 ht r u 1 he was willing to make an otT - . the £, pai able in two tuonllis, an i : 1 seeuritv for the payment Mr Naylor—lf he can pay 5 - . t -

in two luoiitlis. lie ought to Ik a . > another 5s in six months, pad by Ml M Mr Munteilh, ami carried. “ ! . debtor find security f» tlie ptir. in the £ in two months, an i a 5s in six months ; failing tli .. the first instalment, the proj-erty t ■ realised on forthwith.** Mr Gotlisrd made applirati <11!’. rus ton Hire, and it was resolv.-d ti.. • debtor be allowed AT per w». »ou '■ « estate. Tlie meeting then adjourned ud T day, '.fith October. in nta isnn. or jobm wairs Tlie meeting >4 srv'dilora in If was held on Weliwslav, at - I'resrnt—Tlie Ileptity.Ass.ju. ■ . Isttls. H. Ss-lc.de. T. Duran. J. 1 T Miller, C. Siau. \V. Stewart '■> Gregory, Stuallrv, Biriue. and \\ keazie. Tits list of liahiliti.s and a«w<read, which have alrea.lv been j«. i witii ins exception of Mr Sin. y . of ATI t>e. The debtor eras examined as f Had been carrying on the bus! baker for the last three months, on Ist July, hut had been m I'a tyro c three years previous’.;.. H engag.-d in larewer'e work prsf t- *’* the bakery, and Itad avers s per weak. Had a few d*< m ' 111. -1 oc 1 • - ' 1 >« v ■ only ill to start with Mrs •voUno on willed 1 r«»iU|r nr. i •t.*v i in i*c:<b«r. |M; t • I 'AH io bmltl, and the > ' A • llro9iv«d al»»'il I.VJ frv’U UinT) wnv whifii K*>i paring arco*mta. Ffa<i r*: :»%u i •ir « -MilJ utjy nrid A'uti, %sl -• . - { on b*v»k« l>*fiutv AaßtiM*' iiiw tui* « ' “ h« lufel * aii«>l oti Mr nfrrvncw to llx tlour vM tuoUvl b> luiu fruut lilt Uufh ' «• W Mr Iknanii h*>l rrt .n. t \ llotir hail Mnor roaiiM-i IV. .n ' P «fo to \h** r«taU*. Mr Hnl a! iuurritvai vatfarUmi; Um b>r*< htniMi i ho hmk\ tnuntl a Uma td l ' v * tha tau!t Uial Mr Mull rtf *al W» '* unlfla i M> * *

field wos certain Mr 11.11 had no claim t<> the lew*' ami ham«s«, and he called upon the deb: r to make a statement of the whole transaction. Tho debtor continued—Mr Hull lent him £3 in cosh on July 'inth. and a few days after wanted security. Had been using Mr Hull's lraj> while ho waa making a new one scalable for the business. The receipt gituii to Mr Hull in payment of thu Am and hamosa) was drawn out an 1 signed thrvr .lays before debtor filed, all hough dated in J uly. Mr btaiitfhld informed the meeting llißltdie debtor had inado this statement to Ims in MaaleiVux. The cottage and J acre section was in r tgaged to Mr Robert Hart, solicitor, of Wellington, for £*o, conditionally that a bakehouse he built, to he included in the deed The money was pud in instal mints, ami had been used in paying accounts. Tho mortgage liad sines been transferred to Messrs Ellison A Duncan, of Napier, and increased by £4o—£lo of which had been giver, in cash and tho balance in Hour. Could not say the deed had been transferred; did not think so. Did not think he could have k»|it the business together and paid creditors in full. Mr Dawson bad pressed him for the pat uicnt of Ids account, as it bad been owing a considerable time. Owed Mr hTreweik £IS for horse, and had given a Boron Winery note for that amount. " Mr btansfield, referring to debtor's "book*—You have an account for bread against Mr Treweck for A.'ls hs "id, for which ho is credited in full. How was that paid ? Pouter—That was in settlement of the horse. Mr Stansfield—Then you have paid for the horse by eon Ira account and given a promissory note fer it as well ? the debtor eventually admitted that only a portion of Mr Trcweek's ace#unt bail been paid, and h* had marked it off in error, Mr Smnsfield—Therein another account that rr (Hires some explanation, and that is one from Mr Smalley for 474 fis. How is it this did not appear in yenr list ? Debtor —Tiscause I thought ui_v account and Mr Smalley's would about balance. I had repeatedly askod Mr Suiailey for his account, and he would not give it tc lue until I had rendered mine. Mr Stanafteld thought it strango that Mr Smalley's account, which was not put in the list of unsecured creditors, should almost balance with the debtor's account against him. In tsiver to a question, the debtor stated that he bad no intention of filing when he trail ifcrrcJ tlio mortgage to Ellison and Duncan. No one hail pushed him at that time.

Mr Briggs stated that he had received a communication from Mr Campbell, of Wood vine, to the effect that there was no second mortgage, there having beon no transfer from Mr Hart to Messrs Ellison -A Duncau. In answer to Mr Miller, tho debtor stated that a Mr Smith, of Wellington, ha<l promised to give him a helping hand with flour when ho started business, but had not carried out liis promise. Mr Dawsou liad also offered, hut did not carry out his promise. Debtor said he kept no cash book, and hail no record further than recoipta of moneys paid away. Tunc was given the debtor to produce reoeipts, and oil exmninatiou it was found that he had paid various aocounls amounting to £53 11s (id, besides wages and a few ether ac counts totaling up to about £3O more. The Deputy-Assignee stated that from what he bail seen of the estate since he name njv he hebeved tho debtor could have pulled through with a little energy. Proposed by Mr Miller, seconded by Mr Siau, and carried, " That Messrs Briggs sad (iibbs be authorised todisjioso of the propert y in the estate of the debtor for 4'3'JU privately ; and if net sold within four weeks, to suVunl same to public coinpetition by auction.” Proposed by Mr Birnio, seconded by Mr Little, and carried, " That the Deputy Assignee be authorised to take the necessary act ires to compel Mr Hull to return horse and harness." The meeting then adjourned.