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IN BANKRUPTCY.

MEETING OF CREDITORS. A meeting of creditors in the estate of Thomas Hornby Brown, butcher, Eawera, was held on Friday before Mr C. A. Budget Deputy-Official Assignee. The creditors present were—Messrs ; Lillicrapp, L. O. Hooker, C. Suisted (Purser and Son), J. E. Campbell, It. Hardley, H. S. Elliott (Hawera Borough Council), M. J. Campbell, H. Haycock, H. Burn (Wilson and Canham, Ltd.), C. R. Wells, H. Burke, (Auckland Bacon Co.), A. Cadman (Hamilton and Cadman), W. Kemsley, C. Bloor, and C. 0. Ekdahl. Bankrupt, in his filed statement, showed his liabilities to be £1519 18s (3d, and bis total assets to be £731 19s leaving a deficiency of £787 19s 6d. The assets are made up as follows : Stock-in-trade £l4O, book debts £2OO, furniture £4O, and property £350. ! Following is a list of local and district ' unsecured creditors:—Hawera: C. H. Lillicrapp, farmer, £71.8 4s; G. Sage, tent-maker, £1 ss; H. A. Hay-) cock, wine merchant, £0 12s; C. 0. I Ekdahl, printer, £4 16s 6d; J. E. Campbell, estate agent, £125; M. J. I Campbell, storekeeper, £5; Treeby and Co, storekeepers, £5 13s 4d; Hurrell Bros., coachbuilders, £4 10s; L. 0. Hooker, painter, £10; C. Bloor, farmer, £8 18s; C. Kneebone, plumber, £1 6s ; R. Hardley, coal merchant, £ls; Blair and Sellar, ironmongers, £1 10:; 6d ; C. Tonkin, baker, £4 2s sd; Purser and Son, cabinetmakers, £42; Hawera abattoirs, £3O; Wilson and Canham, produce merchants, £66 4s; Walker and Nicholson, bacon curers, £5 6s 2d; C. R. Wells, carrier, £lO 15s Id; H. 1). Taylor, blacksmith, £1 10s; Morrissey Bros., blacksmiths, lis 6d ; Holloway Bros., builders, £7 lis 6d; Daly and George, contractors, £5; E. W. Good, builder, £2 10s; J. W. Lash, blacksmith, £2 4s; W. A. Parkinson and Co., Ltd., printers, £5 19s 6d; A. W. Buckland, fishmonger, £1 15s ; A. F. Cole, cycle ngent, £1 12s 6d; G. H. Westwood, chemist, 14s 3d; J. Henderson, saddler, 13s. Other creditors shown are—Auckland Bacon Co., £22 4s 2d; Waikato Bacon Co., £3O 19s; R. H. Hopkins (Auckland), £9O 15s 4d; Sole Bros. (New Plymouth), £24 17s sdj Webster Bros. (New Plymouth), £10; Boon Bros. (New Plymouth), £8; Nelson and Green (Stratford), £lB Is lid; Masters and Son (Stratford), £ll 10s 2d; Smart Bros. (Stratford), £4; South Taranaki Bacon Co. (Eltham), £6l; Feilding Bacon Co., £99; Wanganui Supply Co., £5 6s 2d; Kemsley (Mokoia), £22; Hamilton and Cadman (Manutahi), £l6.

The bankrupt supplied the following written statement to the D.O.A.:—

"About the month of August, 1914, I bought from Mr J. E. Campbell a pork butcher's shop, at Stratford, and at that time I had about £2O. My son, my wife and myself worked up a very good trade there. Then an opposition I from New Plymouth started a motor delivery car and took a good deal of •my trade. 1 then opened a shop in New Plymouth, putting my son in charge. Later I thought I saw a good opening in Hawera for a pork shop, so I started there. Soon after starting I began to have trouble in getting the amount of meat I required in the pork shop. Mr Rossiter was about leaving the butcher's shop which he had leased from Mr P. Donnelly, and I was offered the shop on good terms. 1 saw Mr Lillicrapp, who was a wholesale; supplier of meat, and asked him to supply me. He said he knew another business, which, if I took, he [would supply me with meat.l took over Mr Mowbray's shop and started a general butchery, in Princess street as well as continuing the pork butchery in High Street. About two months after starting beef went up about 12s per 1001 b, and sheep 9s to 10s per (head. Tins left a loss on each head of beef of about Bs, plus working expenses, and a profit 6 of about 6s per sheep less working expenses. When I first started in Hawera I was paying 3d per II). for meat for manufacturing purposes and a little later it went up to Id and od. Pork was then from 4sd to sd, and for months past it lias been 7d. ' I was working at another disadvantage as I had no way of dealling with offal. This is a 'big asset to |a butcher, as it means being able to provide food for pigs and I had consequently to sell all the offal to another butcher to deal with.. For the past eight months 1 have been in very indifferent health, and while at Stratford I was on crutches for weeks. I perhaps should have ascertained my [position earlier, but 1 was hoping j against hope that prices of stock would lease and I would make up arrears. 1 assure my creditors that I have done my very best, and 1 regret exceedingly the position I am placed in. I ' The bankrupt, in a supplementary statement to the D.0.A., said:— "Stock-in-trade, estimated at £140: In assessing stock I took the Dayton scales at full-price, and did not allow for amount due under bailment. £l2 ilos. I« assessing the other stock in 'trade I value it at cost price—that is at trade value to toe-but I cannot I state what it will realise at forced Lale but I consider that at a forced I sale'£9o gross should bo realised. Cash in band, £1 19s—1 have not handed this amount to the Assignee, Us it was required for household purposes. Furniture.-This is my own ' operty, and f consider at a forced sale it would not realise more than £4O, including bicycle. Peal estate, one-eighth-acre in Victoria street-I wish to supplement my formal statement of assets by the following particulars: The title is land transfer, and the property was bought through 'Grant and Campbell for £639, on account of which I paid a deposit of £3O I have since paid one instalment of £5 on account of principle. I have also paid a considerable amount for interest, but cannot at the moment give the date up to which payment is

covered. The mortgages on the pro-

perly are George Syme first £450, 4i years to run, Grant and Campbell £159, 2-J- years to run. I have spent some £25 on the property. From inquiries made and upon further consideration, I am inclined to think that 1 .have over-stated my equity in this property. However, I can only hope that £l5O may be realised. Boole debts —Through a clerical error the book debts were shown at £2Ol 8s lOd; the amount .should have read £l5B 5s 9d ; and upon consideration I must reduce the relisable amount to £IOO. The pony .Mick is aged 22 years, and was given to me by the Gear Co. 11 years ago, and I then presented him to my wife. He is absolutely the property of my wife. After the creditors had made their declarations of proof of debt, it was resolved that the meeting be not open to the press.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/STEP19160307.2.3

Bibliographic details
Ngā taipitopito pukapuka

Stratford Evening Post, Volume XXVIV, Issue 77, 7 March 1916, Page 2

Word count
Tapeke kupu
1,165

IN BANKRUPTCY. Stratford Evening Post, Volume XXVIV, Issue 77, 7 March 1916, Page 2

IN BANKRUPTCY. Stratford Evening Post, Volume XXVIV, Issue 77, 7 March 1916, Page 2

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