LATEST TELEGRAPHIC

Wairarapa Daily Times, Volume 2, Issue 121, 29 March 1879, Page 2

LATEST TELEGRAPHIC

[REUTER,] WOOL SALES. London, March 26. The wool sales closed to-day, 230,000 bales have been sold during the series, 30,000 held o.'er for next sales. RINGAROOMA. Melbourne, Friday. Arrived,—Ringarooimi yesterday, NEW GUINEA. Sydney, Friday. A large expedition started from here for New Guinea, under the auspices of Baron MacLeay, Russian scientist and New Guinea traveller.

Melbourne, Thursday. ENGLISH DEPARTURES, Tlio Suez mail papers advise the following English departures for New Zealand ports between the Ist and 14th Feb. Celcono, for Napier ; Columbus, Duniiotir, Stad Haarlem, and Westland, for Otago ; Glendorey, for Wellington ; Red Gauntlet, for Canterbury ; Waymouth, for Auckland,

(PElt HiESS AGENCY.) Wellington, Friday,

WILLIAMS, CAMERON & CO.

A meeting of creditors in tlio estate of Williams, Cameron & Co. was held in the of Mean Moorliousc, Edwards, and OuUeu. Mr L. Levy was in the chair. Among those present were Messrs J. Keid, Shannon, Carroll, Simpson, Burrett, Joseph, Izard, and Jackson. Before going on with the business, Mr Williams called attention to fact in the report of last meeting which appeared in the papers, It had been made to appear they were bankrupts, and submitted that such a statement was calculated to injure their credit now and hereafter. Mr Izard considered the publication altogelher a great piece of discourtesy, as a request had been made that the proceedings should not be made public. A reporter present said some of those at the meeting asked that it should I'e published, when the matter was dropped. Forward read a long statement is to the liabilities and assets of the debtors drawn up by the committee appointed to inquire into the whole matter on behalf of the creditors. W. J, Jackson moved ihat a committee to be composed of Levy, Shannon, and himself be appointed to confer with Joseph on Monday as to what arrangements could be come to, as he believed that Joseph was most anxious to meet the views of creditors in any reasonable way. Izard warned the meeting that any proposition which would place Joseph in a better pos.tion than the other creditors, especially respecting the bill of sale, he would opnose. Joseph, senior, here interposed, saying that they would be prepared to offer ten shillings in the pound in three and six months, even if the bill of sale should lie upset, which was not very likely. The chairman advised acceptance. His experience of assignees, official or otherwise, satisfied him it was not to the interest of creditors to employ them. Shannon knew estates in Wellington which took two years to realise, although not in the hands of official assignees. If the estate went into bankruptcy and they had to fight it, the cost would be considerable. He therefore proposed that Joseph's oiler be modified to the extent that the ten shillings in the pound should be paid in three months instead of three and six. Izard said they had been led to believe die estate would realise almost 20s in the pound, and he saw no reason why Jacob Joseph should receive his 20s and the other creditors only 10s. He maintained that, speaking in a purely legal sense, and without imputing fraud in any way, the bill of sale was fraudulent. For his own part he did not think his principal would listen to a compromise of 10s. He disagreed with proposal Wiiliains, while anx'ous to see the creditors get as much as possible, thought that if the estate was forced into bankruptcy the creditors would not realise five shillings in the pound, Berry suggested that an arrangement might be made, if Joseph, the creditors, and debtors, would all agree, by which the unsecured creditors would be better off, the basis of which was that Joseph should resign his claim upon the private properly. Shannon urged the acceptance of 10s in 3 months.

After .some further discussion, it was suggested that, tho meeting should adjourn. Mr Burrett objected. Mr Evans favored an adjournment, inasmuch as he would like to communicate with a person at Dunedin he was representing. Some discussion ensued as to whether the committee had examined the stock list of the debtors, when Mr Forward explained that those who had been de r puted to examine the stock lists had done so very carefully, not only the stock lists, but the rough draft and everything connected with tho debtor's statement was detailed in a most satisfactory manner. Berry pointed out, in his opinion, the most successful administration of the estate could not give creditors move than 15s or 163 in the pound, but if the bill of sale were thrown out they would not get 10s.

After some further remarks, Jackson's motion was withdrawn and the meeting adjourned to Wednesday next at three.

WANGANUI REGATTA,

Wasganui, Friday.

It was a fine day for the Regatta, very little, wind. Maiden Race.—Wanganui Club, Ist; Wellington Stars, 2nd; Unions, 3rd. Won easily, Unions broke an oar soon after starting. Tho Wellington men were overmatched, Senior Inrigg • d Boats two miles.—Unions, Ist; Wanganui, 2nd; Wellington, 3rd. The boats all get away together but the Unions won easily, Wanganui beat the Wellington crew by 28 lengths. NICOTINE POISON.

Wellington, lliursday.

A child died herefrom nicotine poisoning, through puttiii'g the stump of an old cigar in its mouth. . TENDER FOR A WHARF. .

It is rumored that the lowest tender for the new railway wharf is that of D. Coffey, of Wellington, the amount being between £17,000 and £IB,OOO.

HlOiUOim Mr 0, T. Bonzoui, chief ckk of Public Worltß, lias been appointed assistant Under-Secretary of the dejwtment. •' ARMED CONSTABULARY. Ten of the Armed.Constabulary, intended for Patea, and twenty for Upunaki, will be sent oil' to-morrow in the steamer Patea if the Stella does not arrive in time, A PEAL OF BELLS. . The Building Committee of St Peters' Church have decided to send Home for a I peal of eight bells, which are to co3t about £SOO. Auckland, Thursday. PAINFUL ACCIDENTS. Several serious and painful accidents are reported from Northern Wairoa. Barney Donnelly was bruised frightfully in the chest by a falling tree. Buntling was dangerously cut on the back by his mate's axe slipping off a log. Jacob Christmas lost his thumb by a jamb between some timber. : AUCKLAND MARKET. Buckland reports Sound hides, 8d to 3W'; inferior, lf-'-to 2;} d ; tallow, 28s; pells, 3d to 4d ; skins, Is to 2s 6'J ; oats, 3< fid ; wheat, 4s 3d ; maize, 4s 4d to 4s Gd: Binney & Co. report Produce market continues dull. Stock of flour ill store and coming in fully equal to domand. Adelaide flour, £4310s to £l4; Southornj £lO to £lO 10s, for unknown brands; bran, Gs to lGs; pollard, ditto; ham bacon, Bjd ; in cloth, Gld to 7d ; butter, lOd - potatoes, £5 8s to £slos. Foxton, Thursday. SUCCESS OF THE FIELDING SALE. Halcombo and Sherwill's sale of land on behalf of the Emigrant and Colonists' Aid Corporation on Saturday, at Feilding, was an immense success. Two hundred preseni, comprising buyers from all parts of the Colony. Tlio bidding was very brisk. The bulk of the land was bought by small farmers. Total amount realised, £30,500. Average price of rural lsnd, £4 8s per acre. The highest price paid for rural land was £9 5s per acre, given by Mr Tully, of Wairarapa, All the rural and suburban land was sold. There was not much demand for township land.