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The Affairs of T.W. Carr and Sons.

A meeting of creditors in this estate was held on the 29th Mar., in the Court buildings. There was a large attendance.—Mr Larkins was elected chairman. Mr Thome, for the debtor, said that an estimate of property had been filed. The liabilities were £34 988. The chairman wished to know how the amount had increased from £28,758 since the pre< vious meeting, to which Mr Thome re-, plied that certain actual liabilities to English creditors and contingent liabilities had been inserted. Id answer to -further questions by the Chairman, Mr Carr said he came here with no capital at all; when Mr Larkins responded, "And you told your creditors you had £5000." Here Mr B. J. Chambers moved and Mr J. Hardy seconded, that Mr B. K. Davis be ap pointed trustee, which motion was carried unanimously.—On the motion of Mr G. W. Owen, seconded by Mr Hardy, Messrs Chambers, Heather, John Reid, Stafford, and Larkins were elected'advisers to act in conjunction with Mr Davis.—Mr Thorne then,stated that some months ago there was a consignment of tricycles for Carr and Sons on the Gulf of Finland, which had been wrecked, and the insurance policy of £130 now became the property of the trustees. —Mr Russell asked whether the schedule was not filed as T. W. Carr and Sons ?—Mr Thorne replied that the sons were under age. —In reply to further questions, Mr Carr said that at Gisborne one of his sonß was paid. 10s a week. Iv Auckland they got no payment although their were to receive 10s and 15s a week respectively. . The payment of wages at Gisborne was shown in his books.—Mr Chambers said Mr Carr misled the whole of his creditors by making them believe he had so much money when he had none. —Mr 'Larkins also regretted this fact. He would take his affidavit that Mr Carr had told him no less than ten times that he came here with £5000. —Another creditor pointed out that Grant and Foster's block, set down as an asset, was really a liability, as Mr Carr had but paid a deposit of £1 per acre on the land. With reference to the bill of sale held by the Bank of New Zealand, the Chairman said he had seen Mr Murray, who said he would help to make the best of a very bad case, and agreed, after a few words, that they would take no action until after the meeting in bankruptcy. Then the bank would decide what to do. Mr Murray showed a disposition to assist the creditors in every possible way.—After a few other important matters had been discussed, the mei-ting concluded, Mr Davis having stated that he would be able to lay a correct statement of affairs before the creditors by Monday.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/THS18830421.2.29

Bibliographic details
Ngā taipitopito pukapuka

Thames Star, Volume XIV, Issue 4460, 21 April 1883, Page 1 (Supplement)

Word count
Tapeke kupu
473

The Affairs of T.W. Carr and Sons. Thames Star, Volume XIV, Issue 4460, 21 April 1883, Page 1 (Supplement)

The Affairs of T.W. Carr and Sons. Thames Star, Volume XIV, Issue 4460, 21 April 1883, Page 1 (Supplement)

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