BANKRUPTCY.

Timaru Herald, Volume CXXIII, 26 March 1926, Page 6

BANKRUPTCY.

AN ASHBURTON FAILURE: . A meeting of creditors in the bankrupt estate'.of Stuart Allan Aitchi.son, motor painter, of Tnnaru, and formerly in business as a grocer at Ashburton, was field in the otiico ol tlio Official Assignee yesterday. Mr F. A. Raymond, Official Assignee, presided. There were also present— Messrs Davidson, representing Davidson and Wauchop (Christchurch), and Messrs A. K. North and V. Russell (Ashburton), representing Ashburton creditor's.

Mr W. 1). Campbell was present on behalf of bankrupt. Bankrupt’s statement showed unsecured creditors, £1057 4s 6d, stock in trade at Ashburton £75, book debts estimated at £IOO, cash in hand £-11 8s 7d, cash in hands of Davidson and Wauchop £17!) 15s (id, balance duo by Buxton and Thomas £3O 12s Od; total assets £420 16s sd, deficiency £O3O 8s Id.

The unsecured creditors were as follows :—Ashburton . Co-op. Dairy £37 5s 3d, All Blacks Manufacturing Company, Christchurch, £2 3s id, Ashburton Electric Power Board, 12s 9d, Allan Son and McClure, Ltd., Dunedin, £9 16s 6d, Ashburton Motors 17s, P. S. Bett, Dunedin, £ll 9s Od, J. R. Bruce, Tiuiaru, £32 13s Id, Burnett Motor Cycle Company Ashburton, £4, Cahtir.bury Bread Cov., Christchurch, £4 Is sd, Clarks Ltd., Christchurch, £l6 14s 9d, Distributing Agency Ltd., Wellington, £3 9s od, Davidson and "Wauchop, Christchurch, £783 18s 7d, P. Dunn £1 10s Od, r l. H Dobbin £2, Fletcher Bros., Ashburton 14s 7d, H. Crates and Son, Christchurch, £2, Moncrioff mind Stuart, Dunedin, £3 7s 2d, J. J. Mclhuish and Co., Ltd., Christchurch, £9 lbs Od, Power' Macdonald and Co., Christchurch, £ls 6s 7d, Pacific Preserving Co., Dunedin, £2 6s 6d, A. Paterson, ■Christchurch, £24 18s 6d, Post and Telegraph, Ashbiirton, £o _ 18s, J. JRule, Ltd., Ashburton, £3 os lid Radburn and Co., Christchurch, -.(> Bs, Smallbonc Bros., Ashburton, £1 |- s On, Oswald Smith and Cri.\ Dunedin. 13s 3d, Sargood Son and Christchurch, £35 1/s id, „J 1 "., 1 “JiV £2 0s 7d, W. Whittaker £o 11s 31, Dr. J. Connor £5 os, Murrays Ltd., £5 4s 6d, F. Buxton, Ashburton, £1 4s: total £1057 4s 6d. Mr Russell said that Mr North and l\i> had come to Timaru representing fifteen creditors, who were of opinion that it would ho in the best mtcresls of the creditors if the meeting were adiourned to Ashburton. The meeting was adjourned until April Bth, the placo of meeting to bo I arranged at Ashburton.