The Wairarapa Daily. THURSDAY, JUNE 28, 1883. THE NEW BANKRUPTCY BILL.

Wairarapa Daily Times, Volume 5, Issue 1416, 28 June 1883, Page 2

The Wairarapa Daily. THURSDAY, JUNE 28, 1883. THE NEW BANKRUPTCY BILL.

Wb have of , newj Bankruptcy Bill, It will, if it becomes law, materially alter the. mode of procedure now in ; force byV wliicli the debtor;slips out of his liabilities, To tWe about to file we-.would reverse .Punch's advice to those about to marry and. say, do. The facilities now afforded to the. impecunious will' iiever occur again. -, They.certainly will, not be obtainable under th'e pi'opoM "new nieasure, The -Bill,! as aswbole, isvvery much on the model of Wivight lloii-' orablo Chamberlain's measure.- The cardinal feature Jof it is an official as^igtee,. a gorgeous officer •'■' wHo will reside (for tliisj judicial district) in • Wellington;]who jwill give security foi good behaviour Jto the extent . .of £5,000. and wlio will be paid liy'a ■lalstryvfixed by Parliament. -'-Probalily the success or failure, of,..tl}e; measure, assuming that it becomes law/ will depend.ahnost entirely on the character of the 'o&cial; assignee. If lie be a mere creature of red tape we must exopect but.little froin him.. ; Ifj on the cdnWy, he is a man of high principle and capacity, he jwill be able to purge commerce of its many, t iniquities, and become a terror jto'evil-doers. It is proposed to give official assignees the assistance of one,-or at the most, two supervisors, A supervisor-is. elected: by'the creditorspaudj corresporitlß to the, trustee, under the present Act, but as'lio is accountable to thVassignco as .to the creditors, dent.' Provision is' rdade to fix sotte sort of finality "to "they,winding-up., of muitbe declared .within 5 three ■months ,o v f;the;.date'of filing, and the last divi - dend must be paid;-within months. 1 Solicitors are not allowed.to take'cHsta of proceedings in bankruptcy j'frdm l the debtor's, their -elaim is only to be'a first charge, : on the estate. The deb.torjiwheiilliu files, jyi I!have- to pay £ Court fee of five'; pounds, and the costs.of an advertisement, all other-pay-ments being charged, against his estate, Tho properbji of the bankrupt nbt divisibleamongst his creditfbVs coiiiptises the following particulars,":- (1). Property, iheld 'bytthe banicrup't.inj trust for any: other, person.; (2) tho: tools (if any) of his trade, and the necesSaiy .'wearing apparel of himself, his wife and cliil- : hW futmture to'tbe : Value; 'inclusivo of tools, apparel, and furnii ture, of- twenty fivo ! 'or to ; such further value as the sreditow in general may determine, ; , The fclaims against it, winch are. ordered to be.paid in full, or. to be allotted': a pre-' ferential dividend, are: (1) the cost of proceedings,,(2) rates and taxes, and (3)' wages and salaries. The. cost of procedure, will in small estates besomewha't ; heavy, The assignee can take five per ,cent.,;, and..the. supervisors twoj'and 1 a-h«lf-on the ' realised estate,. -,i;The bankrupt's ,claim costs -up; bo. 0, : am the' supervisor's ' solicitor ,up to £2O. These charges will bo appreciable in a largo estate,, andikaismall one they Mill be like Aaron's rod; 1 Practically they will' be prolubitive'to'' .the small, whd' now flood . our Courts.' It'will, not'pay solicitors, 'to' take up petty cases'of baftkvupteyj ; arid 1 uhless'a 1 blnall ■. debtor.:lias'.sufficient' capacity take himsdlf^thrdugh^the 1 Court without , iegalaid, .he will |i|ye fm he> choodes; not; much like; a: Imnlraptcy' law wiiich .is .for the -large trader-and SeyohSi reacH 1 /^, 'StilUhe.j measure', itaminateriabextent the number of b^ntruptcies/i^and;vwiU'>m;ak gen<eriUly -a li^fe f is:,not withdfttr;obyious it* ®S happen to be .administered, by capable inen,it|yill|.|e|^

The nun! fortnightly practice of the %ytown Firo Brigade will s:|#gß (MruturMnd^ousefloia^ ; to";pafade;6n Friday at; 2 ;^hii; 'Ukel part inithe funeral of tueia^Yblunteer

he will commence boaiiießß on-Monday-as Native; 'and iOorartisßioii Age¥t. l[n.Ahoi^firebiisea krfown.al;the TJhiotfC^blVi-fi'd :%}, Last night Mr Park,'; o. Mastertoh) telegraphist, took,thefinancial sUteWeht -a; Jittlfr, message J' of twelve, thousand words; ; The Treasurer" oanhotcondense, simply much; of it. .' It will be.aeeirthatij:the>'sal *ent pointß.i.pf,',it';are/;ia"no!addili6iii of:one : inaurunce.; 1 •" Kidr Oharleß'head," oaafaotbe kept out of the, document,; Ontßido this' the statement is an able and a very exhaustive ;atate fP, a por. .(lyy^UffytfX | and jlpnufj fortbigHtly'palo j of stock was well attended yesterday, all linesradyertisod coming forward..! .In sheep, they Bold a really fine lot.' ]fai wethers brought 13s, merinodo Bs, hertv^' wethers ,125,, from 10s ,9d,' ordinary I 'iwesvfrom 3dj rip cattle; those yarded ' 4 wei?e : ruoat\y: (eniaies, a class whioh is dull of eale. Hoifera and; cows brought from 62s to r 755, calves : to 30a|; - l HbrseS'prbved very quit,' Pigs sold readily! fWiis to 26a-eaqb;i .Second-hand • ploughs and sviudry tools 'concludedthe Bale, ■■■s l.icJ

" The Greytown Wanderers intond to |(o to Wellington on Saturday to play a foot., .ball .match with' the Poneke Club, Tlie 'fqllowiiie;'are'the naroes.-'nf, the derers' team ;—D. JBaillie'. (oaptamj, ilurray.iTingi.iW. Cdy,; 0. Udy,: W ; : HuinplirioßJ J, Humphries,} G. Hum, phries, H, Mitohell, J. Beard, A. Beard, : P. Agepue, H. Hawke, and J. ~ Tho above team are'reqite'sie'd'to'practice ; this evening.',; • .. ..>Ve are .Borry in having to report! the; ■death';'frbm l congestion of the lungs of Mr Satcheil,,tlie,native teacher at the Papa•wai school, jwbich' occurred:at Greytown 'yesterday'ar'aboat one; o'clock. ; Death' was Very sudden, as deceased was quite well on. Friday last. We understand; that the Greytown Volunteers will turn j out to the burial. , ;';.'; Thiß.',evening';the Greytown Citizens' plain and* fancy' dress ball takes place.! Elaborate preparations are being made 1 ; for the decoration of the Hall. A great | number of persons have signified their in-;; •'lentionHbf.'b'elo'! presenijn, fancy cos-, tume,'a'nd altogether were prediot a most'! successful,ball,m ' ■ I' I '''

>'i i The Blue' Ribbou meeting in ith> s Presbyterian Ohuroh last .evening wa ~ attended.bf fully 200 persons,, TheEev y Mr Fulton opened the prbceidings will .. prayer,''and:invited His Worship tlii Mayor to take the ohaif. His Worship 8 iii, accepting the invitation, expressei V 'great pleasure-in presiding over the meet 1 although not: a teetotaler he-he r lieved in the temperance cause. MrjD. . McGregor addressed the meeting at somi ; -lengthy and spoke of the rapid Btrides o temperance,, and diminution of pnlilio I : advocated individua action among teetotalers as being nios 3 powerful to carry on tlib | cause. ■ -Ai 1 individual who was not ashamed to earn 1> out (he principle would aid the movemen ~ more than the [oratory of its • beat ox [ 'pounders. ; ' Ho attention to the waj . in which,.the church wasjassisting it ''the-' 1 cause!''ind/ thought.'the'time wai I. not. very far distant wlieir- llie 'peppli ' 'would be prepared to . hav'o fegisla , lion upon it, and that prohibition. would . be the order of the'day, Mr MoQregoi , dwelt upon the tyranny of', the- drinking ' custom-peopledrinkingbecause i waathi ' custom;: whether they required it or ho -r-and concluded by hoping" a gren 1 man) ', would come forward and by}their u.um ) pie do a deal of good for their fellow, men i The Eev Mr Isitt considered it his dutj [ nexi to pi;eaching the gospel- to preacl j temperance,' ! He spoke against the habiti of moderation, and also of thegreat goot the"Cilurch of England Temperarict [ Society was doing. This society, headec I-,jby..Oanbn.'Farrar, beiug one of thi ,'' largest 1 in the woifd.; Every branch'of thi > ..pubho. Service ;was ohaiiging hs;opinion; ii i favor of. the cause, inoTuding.the army navy, ancl ohurcbt Althbugh.iuS'liad seet ': ii deal of misery oaused through In'tomper ' .appej. he fas-told clergymen do. not set ! half so much of it as others do; forpaoph [•: always:p"iit bn 1 their church airs when th< I. parson visits ihemj audheq'uite belieyec f it. The Rev Mr Fulton blamed our literary i men a great deal for the oustomß 10l ( drinking as for.ages back our poets have sung 1 the praises'of strong drink,.and the people have so grown accustomed to it thai to part'' with 'the' habit, is,"like partiiic with an old , "friend. AViilll-reform! r 'emaimte'from'the'.pe'ople, he hoped they ■' would lose no'lline in commencing tliia i work,' aiid altlibugh. Legislation had somewhat, failed over the prohibi'ion |oj ' it, the people wpuldno doubt carry the point bygone '.all'taking part;,in.:;the great 1 'movement,' Mi* Baumber was of upinibu i that' moderation was. the material foi t making drunkards, as withput-the, formei : th.erewould notbe>the latter) jor no man :' became adrunkard at onoeV Ho thought the old theories were exploded about men being-uh'able toi'work wiiboutjgrog, as 'it haß been.pvqved! they can;-[do.'Jar mofe 'withimtit,; both jnuworking and thinking. •TheKev.L,M. Isittjinproposing a vote 'of jhanks to the Ohairman,,Btt(a Hib Wor ship Was always anxious to^dranytjiing for the"good of the town, andihe 'yasisure ■ if Hhe meeting did n« good Ut : would do no harm, It was proposed); tb/ihold is meeling at Kuripuni shortly, and ■ alio to hold ;- Satnrday</:'eveniiig : '.meotin^§^' L, -M'i' : McGregonnsecondingthevote^ofjfiahks thought if there were afewmore me'elinss ; like thei present one HiiWonbjp!wpuld have lobs work to do on thtf'Be'nen it llie :R.M. Court;:; The p'felihj elgsed- with the' b'enediotion," 'Between fifty aiid siny signed and took the ribbon, and a.curn- ; mitlee-waß formed to,arrange for future meetings.;"'-V : ' l: " 1 ' :' '•■■,*•,, .." j' i ; -'V',■-.•;ii;t;-jJ.)-!v>. : .. • - 1 -* »;*- ..;■.. r .'.'.'THEREisamine of; wealth in it," says Councillor Maginuity,whett'alluding.'to the proposed cenietery site at Melrose,, awl concerning which another facetious orator stated ,- ithat.hecouldßee-the top without lyiiig flit on his back, Whether there' is'jj'r-no.tjtime Qne-thing is certaifi^tha t, irore; lasting,*solid!fortiines- are C ilhan .by'lßpeculatibn;■ fit is not possible -for! , everyone to;beT a BUceessMsp'edrilatMj.biit nearly all-in-jthis" Jahd'can" accumuiate.'a compot&oo'by'Ba'virigj We ( yjll ;Bhow a waytosavembnoy in your puroh'ases, VWe !'are;nbw'';on J 'ering a'.large'qnautity of -ladies 1 ' .knitted Roland ohe'nille from: i ;11i6handsofSnumberofGermariffaus,'ex- : . qtiisitely ma^e,i!colohh r beautifulh blended, ■ wool of thebeat and'purest 'areV;!soine : -iyfiy! obanninjs'opefa. capes/.) wsspsffim to' dosqmepngmw iithenv ifultoj^f^ 'tbat; wgiilS* good iinl'aß ; Wfla'rejnotlikely to'.havethelwTon^fndfbe' .ablel^^^ 'wbuld'ask-all ladies: wmspectthe'te ;(kit^^at;Jffi^SMOT^ .!)MtoiitrJßfl| ! ;W^lin^r^^^

slt|i%u'^^^ ;Sa(urday:mbrMng7a£;ii^^ •;': ;:ThepubHormeeiiDgro:th6!fifnzen;meaf r ;lrade;;w:ill|be;:,h^ ; #The)&r^k^^ o^raai^rif; will shortly. giveVii-entertaiiiraißritnnitlie) ;Pa]blioHttli;;fr,^^P' ;^.;^i>- y ' ; 7 'ml!'*''* * : "i-'f '* '" ' 'i-'i-'-' ''''■• i' , ' ; 'i ];"•'''«■-;'■. {.Three 'jam /w'erH found sleeping inTa; ,vacab t b6 in-iMastertbn'»-laat : eveiiing >nd; were each;sentenced to'.;amnion th's;' hard:labbr.;';-: : : -::;;• ' : c.-/. '.■}( ':V;'liv :.'-.■'■

I j Th«j' Council;! !at Masiertijnthis afternoon 1 takes pla'deac' | 3 p.m. , ■'■:.:,: . : ;';:.' I ';■■'; ' : \) |s"o ''.'[' The annual meeting" of St ;MatthewT paridiionera at 8 ; fjoi m ! thß.JSunday- the' busiueaa is to eleot Churohwardens and vesirymen and'to receive --reiiort' and;, balance sheet, &o, .:''

! /'Mea3rßM'.''dß.'Belberg' &' W', anhbunce 1 the opening up of 408 paokages of general merchandise of tes'< proof Kerosene per Iphio ,-an'd,'Estrella,. froin'Londonj V and, frpm;Npw Torli^j-^J- ■'■ ;|;;, ;,;-WniaVe.has : been promised;aweekiy .RM.i.Court.aii ting.-;;.Maatertp;n, is twice; thejsizej 6{;Waimai'e and dues a larger ppurt businesß, but then in this town w'e a-B: oontemed; with arrangements other, places oflojs.imporianoe; won't put' up with.-' ,'v V'■ - (i ■. r;-;Y;':£'-' : . '■■. '■ : :; ;.c) -v , ;: ;o|)6'o.rdu'r' nume'rouß roaderSj;being;pfj "aii ihqiiiring'' ; tu'rh'i('if that Kej lias T tried ;eyery drapeVy finS.p iolbtjiiiig ! esupljshnien; : in;tho;WairaraVa, for, the; purpose of Ending put-who! keeps : the; v stuff and, sella the' has liad considerable tpery trddd,VtHerefdre i competent judge. ?:He in favorbi'li,'J.i^pPEn^b^:()f' ! jhas a rnrgeriand (hotter btock to ( from .than; any country; store dm ,Zeii]and,.'ari(l ; nt tfie: T,'V.; i.; Pur reporter, fy : ;draw specialfattentio'n tpanalyei'tiaeihcnt which "appears on paper. Ht is the tnbi;geimine;pjie;|hich] m have had the this wiht'of/f'We may.rfurther:iatatphat' \i is' fi'pfcQ the , is ! a Buffioipntj '.will jbe-fduhd;. ;oi,Commerce;.iiowhoWa : .best-'osspvtment, ufgeneral; drapery] in the' ■.™: : ii4;:i;f F !!;p lii\\ IV! ,^!,'■^^^^■^^^^^^l■-^: '; :^';:;^'i^?: