IN BANKRUPTCY.

Temuka Leader, Issue 2376, 30 June 1892, Page 4

IN BANKRUPTCY.

The first meeting of creditors in the estate of William Collins, woolscourer, was held at Timaru on Tuesday, before Mr Ross, Deputy Assignee. The following were the debtor’s filed statements : A, unsecured, creditors as per list B, £7B 16s 6d; secured creditors as per list C, £10,538 5s (less estimated value of securities £8828) £l7lO 5s ; total £1789 Is 6d. Contra : Stock-in-trade £BO, book debts owing by executrix of late E. Smith £135, furniture £4O; other property as per list E, £2O ; total £275 ; deficiency ‘ £1514 1s 6d. B—Unsecured creditors —R. Morgan, £5; J. Jackson, £l2 ; D. Caro (Christchurch), £ll 9s ; J. Howey £lB ; W. Watson, £ls 7s (3d ; N. Quinn, £l7 ; total £7B 16s 6d. List C Secured creditors—National Mortgage & Agency Co., £BOOO ; security 368 bales scoured wool, £5916. Bank of Eew South Wales, £2034 18s 4d ; securities 86 bales of scoured wool £1462; mortgage of house and section of Mrs Collins, £400; guarantee of late E. Smith to amount of £300; total securities to Bank, £2162. Timaru Permament Mutual Building and Benefit Soniety, £503 6s 8d; security leasehold section Cain’s Terrace, £750. Total secured debts £10,538 5s ; total securities, £BB2B. List D—Liabilities not otherwise specified to Mary Smith, a liability of£3oo contingent on her being called on to pay that amount to the Bank of New South Wales. A liability to Mrs Collins as guarantor of overdraft at the Bank. A liability to N. Quinn under the lease of section on Cain’s Terrace at a rental of £74 per annum, about 14 years unexpired. A liability to John Shaw in respect of a tenancy of 6) acres of land at Sallwater Creek. List E— Px - operty not otherwise specified : Safe, valued at £2O In his statement the debtor said at one time he was in partnership with the late Mr E. Smith in the woolsconring business, but in 1889 he bought Smith out, giving him £6Bl for his share. Smith oftoj® accommodated him with cheques fora day or two, but they were all paid. All the debts to the secured creditors had been incurred since the dissolution. The 358 bales secured to the N.M. & A. Company were still on the market, and should the price of wool keep up lie expected the advance of £BOOO woidd he wiped out and a surplus left. The 86 bales secured to the Bank were at present alloat. The bank had advanced £1462 against them, and £572 18s 4d in general advances on current account (on other securities named in the list). With a favorable market the wool and Mrs Collins’ guarantee should ipay olf the bank, The guarantee of Mr Smith for £3OO was given for his accommodation when they dissolved. Reduced this amount by three payments, in 1890 and 1891, in all £135. In January last offered Mrs Smith £165 to square the guarantee, but she would not recognise the payments to Mr Smith. She sued him for the £3OO, and he filed. The drop in the wool market in the latter part of 1890 and all 1891 was disastrous to him and to all dealers in wool here. The oidy property possessed by Mrs Collins was that mortgaged to the Bank. It was purchased in his wife’s name 16 years ago. The section cost £350, and lie house and section now to be worth £450. I There were no hook debts due. The ( meeting adjourned due die. |

AUSTRALIAN NEWS. The body of Emily Williams, noe, Mather, was exhumed on the Bth instant, and buried in the Church of England portion of the Melbourne cemetery. Her skull was buried with the body, together with a hermetically-sealed bottle containing complete records of the case. Miss Dendy, of the Traralgon State School, Victoria, performed a heroic act while proceeding to her duties, accompanied by a boy four years of age. When crossing a bridge over Traralgon creek the little fellow slipped into the water, which was running rapidly to a depth of sft or 6ft. Without a moment’s hesitancy she jumped in up to her neck and caught the lad just as he was being swept under a log, and rescued him, Mr Sampson, of Sydney, who is on a visit to Melbourne, Avas making bis way to the Grand Hotel about midnight, after visiting a friend in East Melbourne, when in passing through Treasury Gardens he was stopped by a man and civilly asked for a match. While feeling in his pockets he was felled by a blow on the back of the head and rendered insensible. On recovery he found he had been robbed of 175 notes and a gold watch and chain valued at £l6.

On the 3rd May the dead body of a man, name unknown, was found in a billabong off* the Burke river, Queensland. The deceased had evidently perished from thirst. The locality where the body was found is about 22 miles south of Bonlia. Nothing was found to give any clue to the identity of the deceased. At the monthly meeting of the Victorian branch of the British Medical Association the question was raised whether the title of “Dr” should not be restricted to those holding the M.D. degree, but it was contended that the public in the colony had been accustomed to apply the title to all legally qualified men irrespective of distinctions in degrees or diplomas, A motion was proposed to the ■, effeafc that as the title of “ custom of the people had become the recognised title of legally qualified practitioners in the colony of Victoria, the members of this branch consider it should be officially allowed to such practitioners. The debate was adjourned.

The furniture of Mrs Stringer, of Carlton, was seized for rent on the 16th inst’, at the instance of the landlord, and Robert Wilson, an auctioneer, acting as the agent, put a man in possession. Mrs Stringer, who had asked for a respite, left the house and proceeded to the Trades Hall and informed the unemployed there of the occurrence. About 200 men proceeded to the house and took the goods away, but Wilson, under the protection of the police, seized and removed them to his rooms. At dusk.

4 a mob assailed the auction smashing the windows and forcing the shutters iron bars. They were only dispersed after considerable by a strong body of police, whoprmade one arrest, a man named The crowd remained in the vigmity, holding a meeting in the about 10 o’clock, when '-fen jArat the furn i tube^a by an .prganised body of the unemployed, known as the “ Salvage Corps,” which had already succeeded on three different occasions at other places in rescuing goods, but they failed in their efforts.