IN BANKRUPTCY.

Stratford Evening Post, Volume XXV, Issue 62, 16 March 1915, Page 7

IN BANKRUPTCY.

ESTATE OF R. H. CAMERON.

The adjourned meeting of creditors in the estate of .Robert Hugh Cameron was held yesterday afternoon, when the discussion of debtor's statement was continued. In connection with an amount of £2OO said to be owing to Cameron by a resident of Te Kuiti, the Deputy Official Assignee (Mr A. Coleman) said that he ha 1 made inquiries concerning the agreement at the office of Mr W. G. Malone, with whom it was lodged, but it could not be found, nor did it appear in an inventory of documents in Mr Malone's possession. In reply to an inquiry from Mr 11. Spence, debtor said that he considered the debt could be realis-

ed upon. The Assignee then referred o debtor's dwelling house and section of five acres in Regan Street. The property was mortgaged for £1661, and debtor valued it at £IGOO. There were four mortgages on debtor's property. Mr Rutherfurd: There is a fifth mortgage on property in Swansea i Road.

Mr Spence: This cannot be included in this business. You cannot mix partnership assets with the private estate. The proper thing in the present case would he for the partnership to be in bankruptcy. Many of the creditors in the statement were partnership debts. The amount owing by Innis was owing to the partnership. The Assignee, in connection with the claim made by debtor on Mr P. C. Brooking, said that debtor would have to prove it as a personal debt. Mr Rutherfurd: Mr Brooking will have to make up a statement.

The Assignee said that a great deal of the furniture was claimed by debtor's wife.

Mr White moved, and Mr R. H. Robinson seconded, that the furniture claimed by Mrs Cameron, and that owned by debtor, be handed over to Mrs Cameron. The motion was .carried.

The Assignee pointed out that was all the assets, except buggy and horse and cash in hand.

On the motion of Mr W-. Macdonald, it was decided to leave the horse in Mr Cameron's possession.

The Assignee: I think it will be some time before the figures are arrived

Some discussion then followed regarding the debtor's properties. The Assignee pointed out there was an equity on the property of £340. He asked debtor if he would be prepared to make an offer. Creditors could even 'force debtor to sell a portion of the property. Mr Cameron: I will take time to consider the matter.

Mr S. Mac Allister moved and Mr J McAllister seconed, that the matter of realising on securities be postponed pending an offer being received from Mr Camoron.

The motion was carried, and the meeting adjourned till the 29th March.