THE ESTATE OF THE LATE W. GRIFFIN.

Tuapeka Times, Volume III, Issue 139, 6 October 1870, Page 6

THE ESTATE OF THE LATE W. GRIFFIN.

(To the Editor of the Tuajjeka Times.) Sir. — At the meeting of the late Mr. Griffin's creditors, some rather strange matters oozed out. It appears that ten Building Society shares were sold to Mr. Eoberts for the sum of ,£7O. I don't know much about the value of these shares, but some of the creditors present thought they were sold at £20 or £30 under their value. Then they were said to be sold on an acceptance which had been due some months ago, and never had been renewed. Now, sir, lam in a position to state that no such acceptance is in existence. I believe there is some memorandum or other, but I never ex-

pected such loose and culpable conduct in this matter from Dr. Halley %'nd Mr. M'Donald.— l am, &c, One of tub Creditors.

(To the Editor of the Tuapeka Times.)

Sin, — As a creditor in the estate of the late Mr. Griffin, I think it but right that the gross carelessness and unbusiness like conduct of the executors should be exposed to the public gaze. A meeting of creditors was held in Mr. Copland's office on Thursday last, when certain things transpired which showed the conduct of the executors, and I suppose their legal advisor, to be anything but right. I do not refer to Mr. Copland, as the estate has only been put into that gentleman's hands lately, and he appeared to do his utmost to make the best of a bad case. But, with regard to the executors and their previous legal adviser, it transpii'ed at the meetin^ that ten Building Society shares, the property of the late Mr. Griffin, had been sold by them to Mr. Roberts for £70, while their value was, at the least, dS9O. That is not the worst of it either, it was stated that a bill had been taken for that £70, which had been dishonoured three months ago, and no attempt whatever made to have it renewed with interest added. Fine executors truly ! That is not the only thing either, the section upon which Mr. Eoberts has built his hotel was sold for £25, and only Is. has been paid towards it. That same section, one of the creditors stated, he would have given £50 for. I will say nothing of the money which was left in the bank after the last sale of Mr. Griffm's personal property, which, has also been made use of for the benefit of Mr. Eoberts. Ido not wish it to be thought for a moment that I find fault with Mr. Eoberts getting all this, as I have no doubt after the estate was realised, he would get all he requires, but I object to the estate being disposed of in the manner indicated until the claims of the creditors are settled. The personal estate alone would have been amply sufficient to liquidate the creditors demands without their being obliged to interfere, as they are now, with the real estate. How the executors can reconcile such conduct with a conscientous discharge of their duty is a mystery to. me. For twelve months the creditors, some of whom were servants., have been kept hanging on month after month waiting for a settlement, and it is only when the creditors call a meeting themselves that there are any steps taken to wind up the affair. — I am, &c, A Cbeditob.

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