BANKRUPTCY MEETINGS.

Te Aroha News, Volume IV, Issue 173, 9 October 1886, Page 2

BANKRUPTCY MEETINGS.

On Monday last Mr J. S. Edgecumbe, Deputy Official Assignee, Hamilton, attended at the Court-house, Te Aroha, in order to hold the first meeting- oE creditors in the estates of James Orr and Bernard Montague. In the estate of James Orr, carter, Waiorongomai, the following resolutions were passed : — ] . That the bankrupt be albwed to retain the whole of his furniture. 2. That Mr Geo. Graves bo appointed supervisor, being allowed a remuneration of two and a half per cent, and take charge of the two horses and dray, having power to allow the bankmpfc fco use samp, till time of sale, for the benefit of the estate. 3. That the horses, dray, etc., be sold by public auction at Te Aroha by Mr J. P. Cocks. This was all the business. The chief creditor in the estate is John Richmond, Auckland, solicitor, amount of debt £72 10s secured by mortgage over two allotment at Cambridge West, set down as worth XBO. The amount of unsecured debts was set down at £05 10s lid, made up of various small amounts, Messrs Laybourn and Co.'s account being the largest. The assets are a pair of draught horses, dray and harness estimated as worth £S5. lii the estate of I3ernnr<l Montague, contractor, Waiorongomai, the meeting lapsed through lack of a quoium. The principal ci editor in the estate '13 Mr John Richmond, Auckland, solicitor, amount £72 10s, secured by mortgage over two allotments also at Cambridge and set down as worth £80. The unsecured debts were set down at £31 103 I Ld, of which amount £27 Os lid were due Layhourn and Co. The fnruituie w,t-> set down ns worth £10, estimate 1 deficiency £0 O3 lid. A lirst luott.ng of 01 editors in the estate ol I']. Cookfcon (late tramway manner for Piuku o<>uuty Council), Wuioiungomai, was held on Monday last, and adjourned nil Thursday, on neither orcabion \uv-j there aquoium. In 1 is statement, tLc bankrupt stated he had till about six weeks since been in loeeipt of £3 lOrf per week, as manager of the co-tut) tiainw.iy. He ha 1 kept li r t e pist Iwo years a man on prospectiuy, thinking ho had something good. Had sold his interest in the mine for £5 to Mr A. Wallace, Waiorongomai, to r.iise amount of costs to enable him to hie. The only property was a three - ioo;u house at Waioroiigumai, which he estimated as value tor £50. The amount of indebtedness was set down ap £-18 3s 7d ; the principal creditors leing Wells and i outter £16 Is 4d, and the Auckland Timber Co. £12 6s. Also on Thursday a meeting of creditors in the estate of Patrick Hogan, miner, Waiorongomai, was held in the Court house.