IN BANKRUPTCY.

Temuka Leader, Issue 2385, 21 July 1892, Page 2

IN BANKRUPTCY.

ROSS, SIMS, AND CO, A meeting of the creditors of D. M. Ross and W. M. Sims Avas held in Timaru yesterday. Mr Greenwood, Official Assignee, Christchurch, presided, and, the meeting being too large, adjourned it from the usual room to the Sophia-street Hall. - The Assignee said that although Messrs Ross & Sims had filed collectively it would be necessary to hold two meetings. The two meetings would be held simultaneously. After half-an-hour spent in examining proofs of debt, the Assignee proceeded to read the statements of the debtors, as follows : David Mitchell Ross. Statement A.—Dr—unsecured creditors as per list E:—£2272 2s 4d; secured creditors as per list C, £12,175, estimated value of securities £l7 550; other liabilities £530 18s lid, total £2803 Is 3d. Cr.—-Cash in hand £4 ; book debts and rents, £378; property as per list E, £2BBB ; surplus from scurities as per list C, £5380 ; total, £BOSO. Surplus, £5840 18s od. B List of unsecured creditors :C. Bowker, £2 8s 9d ; D. Owers & Co., £9 9s; J. Hill & Co., £2 lls lOd; Dr Hogg, £1 Is ; W. P. Cowlishaw, solicitor, Christchurch, £5 ; J. Ballantyne & Co., £0 12s; Glasson & Co., £2 ss; J. Jacksou, £4 ; J. Boys, £4 ss; W. Waddell, 10s 6d } W. J. Hughes, £1 19s; Miles, Archer & Co., £1 Ha'; Ci ; E- Warbprton, lls Od ; J. E. Beckingham, 17s ; Borough Council, £8; Hulbert & Sons, Christchurph.'£2 IQs*; J, Phl]p, £l J2s Gd; W. S. Maslin, £2*l)3} S- W£soo ; Sinclair Gunn, shepherd, Timaru, £470; T. Chamberlain, farmer, Pareora, £100: R. Stansell, Melbourne, £150; H. McKeown, Ballimeua, Ireland, £000; A. J. H. Bower, Leslie; Scotland, £400; C. Begg '& 'Go., £2'*2s fid; total, £2272 2s 4d. C, List of secured creditors: A. E. G. Rhodes and another (Godby’s trustees), debt £BOO, secured by mortgages over dwelling and H acres of land ocpupied by D. M. Ross, Valued at £1400; H r J. LeCreu, debt £9OO, secured by mortgage over Criterion Hotel, valued at £1200; H. J. LeCren, debt £I7OO, secured by mortgage over section of 20 perches, in Stafford street and shop occupied by J. Philp, and suction on Cain’s Terrace, 20 perches, and board’ng-house thereon, together Valued at £4OOO ; Timaru Building Society, £BOO, secured by mortgage oyer 20 perches, Sophia street, with building thereon (Sophia street hall) £800; E. LeCren, £2OOO, secured by first mortgage over X rood (Arcade property) value £5000; Mary Elizabeth Ross, spinster, £3OOO, secured by seyomf mortgage oyer Arcade property, and first mortgage over part lot on Sophia street with chemist’s shop thereon, value £500; Mr Braddeli, Town Clerk, Ashburton, debt £75, secured by lien for balance of purchase money of sections 377 and 05, Timaru, valued at £155; Bank of New Zealand, Tinup-p, £ISOO, secured by agreement to mortgage reversionary interest in 80 acres of land and buildings thereon at Dunedin, valued at £4500; Josephine Bower, £IOOO, secured by agrefiffignf fo mortgage freehold lands of D. M. Ross (not specified). Total debts, £12,175; total securities, £17,555 ; balance (surplus), £5380. Kote.—The above amounts are exclusive of interest. D, Other liabilities; Contingent liability to pay the costs in the action Bailey v. Ross, —; liability to Timaru Borough Council under lease mentioned in schedule E. ; amount owing to Ross, Sims & Co., £530 18s 1 Id. E, -Property not otherwise scheduled : Ir. 29p., Waimataital, £SO; 20 perches, Attenborough, £IOO ; 33ft, frontage, Stafford street (adjoining M'Clellend’s), £IOO ; 20 acres, Kakahu, £3OO ; 20 acres, Ashburton, £100; 30 acres, Pleasant Point, £l5O ; section and shop occupied by Kenny, butcher, £SOO ; section Cain’s Terrace, next Maslin’s auction room, £700; 20 shares Timaru Building Society, £IOO ; balance to credit at Bank N.S.W., £288; furniture and chattels and effects at dwelling house and office, £SOO j total, £2BBB.

Wm. Montague Sims. j Statement A—Dr—Unsecured creditors j as per list 8—£144 12s 2d; debit balance as per list C £353 ; total, £497 12s 2d. Ci\—Household furniture and effects (except furniture in Mrs Hossack's bedroom and piano and fittings, which are Mrs Hossack's property) £IOO ; 50 shares Zealand mining company, £7 10s; 1 share Oakley Prospecting Company, £5; 1 share Farmers' Co-operative Association, £3lss. Deficiency, £382 7s 2d. List B—unsecured creditors : —Miles, Archer & Co., £6; R. R. Taylor, £2l; Ballantyne & Co., £37 19s Id; J. Radclifle, £9 2s 6d; D. Owers, £2 8s 3d ; D. O'Shea, £2 3s 6d ; G. Young, £4 Is ; R. Bowie, £5 12s Id ; T. Wagstaff, £1 lis lid; Priest & Holdgate, £24 8s 8d; F. Cullman, £5 10s 6d; J. Jackson, £2 7s 3d; J. E. Beckingham, £5 18s 9d ; Gas Company, £4 10s 6d; Farmers' Co-operative Association, £6 13s sd: W. Penrose, £5 4s 9d ; total, £14412s 2d. List C secured creditors:—Timaru Building, etc., Society, debt £728; Mrs Agnes Hossack, debt £325 ; estimated value of securities (both mortgages over half-acre eection and house, North Street, occupied by bankrupt), £1200; debit balance, £353. Ross, Sims & Co. Statement A. —Dr. Unsecured creditors as per list 8., £5930 17s 9d. Cr.—Office furniture and stationery, ) £215, fixtures in Mr Waddell's shop £lO, 20 National Insurance Company's shares £IG, book debts £4668 18s 2d, estimated to produce £3640 12s 3d, cash in hand, £42 16s lOd, property as per list B £454 10s, surplus from securities in , hands of certain creditors £IOO. Deficiency £1451 18s Bd. Statement B—List of unsecured creditors John Arthur, Palmerston North, farmer, £SO 0s 6d; A. J. H. Bower, Leslie, Scotland, £sl 4s; Miss E. Boyd, Silk's house, Dunedin, £167 lis 8d; Miss J. Bower, Markinch, Scotland, £245 10s Id; W. T. Chamberlain, farmer, Pareora, £234; Careless estate (per R. R. Taylor), £125 16s; Manchester Unity, 1.0.0. F., per J. Hilton, Timaru, £149 13s sd; Mrs E. Cockayne, Christchurch, £7 6s 2d; D. Caird, Pareora, £390 2s 8d; A. Campbell, Pareora, £4 4s; H. Black, watchmaker, Wanganui, £2 16s 3d ; A. H. Brisco, runholder, Wellington, £1 13s 7d; W. Bush, £79; H. Durand, £166 7s 8d; R. Dearsley, £4 3s Od ; S. Doak, laborer, £llO ; H. Fieldman, do., £SO; G. Filmer, contractor, Melbourne, £4l 3s Id ; T. Green, Manaia, draper, £5 5s lOd; C. Gene, carpenter, £3 8s 4d ; S. Gunn, farmer, £57 4s 6d; D. Guthrie, farmer, Geraldine, £OO S 3; F. S. Guy, Palmerston North, storekeeper, £46 4s 3d; Hornbrook, £3 lis; Harper & Co., Christchurch, solicitors, £2O 7s 8d; W. Galwenny, Blenheim, Bank N.S.W., £5 14s; W. J. Infield, Geelong, laborer, £2 13s 7d; G. Jones, senr., Oamaru, £l3 3s sd; Jones & Peters, Woodville, £4l 2s ; H. Kerr, Fairlie, farmer, £22 15s; Mrs Agnes Hossack, £2413s lOd ;D. Latimer, Dunedin, police station, £2OO ; F. Leggot, Tinwald, £6 Is; J. S. Gibson, £lls 12s 2d ; Mrs E. Dearsley, Papanui, £4 15s; J. Meikle, £67 14s Id; H. Manaton, Fairlie, laborer, £ll Is 6d; Murphy & Stock, Fairlie, £4 3s 5d ; Mrs S. W. Morrison, £126 0s lOd; S. W. Morrison, £1235 17s; W. McKeown, saddler, £279 13s 4d; K. McLennan, shepherd, Pareora, £lB 3s; T. McKie, farmer, Fairlie, £SO ; Mrs E. McKenzie, do., £3 15s; Mrs McCoomb, £l7 12s ; P. McGregor, clerk, £1 14s 8d; H. Hoare, Kerrytown, farmer, £6O; Mrs Oram, Christchurch, 19s 6d ; C. Palliser, contractor, Napier, £l4 9s 6d; Mrs Peters, Melbourne, £l4 lis Id; W. • Priest, ironmonger, £53 8s 7d; P. Pender, Christchurch, £3 8s 6d; C. Palairot, land-broker, Christchurch, £33 0s lOd ; E. Parkerson, solicitor, Christchurch. £64 15s lOd ; Mrs Govier, Palmerston North, £57 lis Id ; C. Rutledge, Police Sergeant, Riverton, £179 7s 6d; Otago and Southland Investment Co., Dunedin, £4 15s ; R. Stansell, broker, Melbourne, £1 19s ; G. Stumbles, contractor, £3O 17s; Scoullar & Chisholm, cabinet-makers, Dunedin, £lO 4s Id; C. R. Shaw, surveyor, Pleasant Point, £lO 13s 9d; W. Ziesler, £7 10s; W. Tooley, shepherd, St. Androws, £34 Is sd; D. Thompson, Scotland, £ls 13s; Mrs A. Taylor, £53 16s; Timaru P.M.8.8. and I. Society, "£492; G. Wakefield, laborer, £l3 16s 6d; C. Wederell, hotelkeeper, St. Andrews, £l4 3s 7d; J. H. Sutter, £242 14s 2d ; Trust and Agency Co., Christchurch, £l3 5s 6d ; J. Bell, farmer, Pareora, £100; G. Pearson, fruiterer, £4 Is 6d; J. Jackson, £1; Priest & Holdgate, £1 14s 6d 5 Timaru Herald and S.C. Times, £37 14s; total, £593017s 9d. Statement C—-List of secured creditors: —\V. MeKeown, debt £2OO, value of security £3OO (mortgage over half-acre Hig% Street) ; Bank of New Zealand, debt, £1487 3s 6d, value of security £1487 3s 6d (over Mr Rosa's private estate)r (Statement. 15—List of property:—£acre leased from Timaru Borough Council, William Street, estimated value £SO; about 12 sections, Roslyn, Dunedin, £2§o; i-acre, Beaconsfield, £3O; 83, agios' Wellington, £124 IQsi Mai £454 10s. The reading of all the lists lasted about an hour, after which Mr Greenwood said it was usual for the assiguee to examine the debtors on oath, but that had not been done owing to tl\e peculiar circumstances, under w-hich there was 110 j local, deputy. They could, however, proceed to examine the debtors at the present meeting, but the question was whether they had not better appoint supervisors. There was no Deputy Assignee appointed yet, but ho expected one would sqon be appointed. Mr Perry suggested two supervisors should be appointedMr White said that in consequence of a most painful incident which had just occurred (suicide of Mr Ziesler) it would be well tp adjourn the meeting, Mr Sims was so prostrated by it that he would not be fit to undergo an examination, After some further conversation It was reso|vpd, 01} the motion of Mr McKeown, to appqii4 Me.ssrs Chisho.ini and Gibson liquidators.. The meeting then adjourned to 10.30 a.m. on Thursday, the 28th inst,