MEETING OF CREDITORS.

Wairarapa Daily Times, Volume VII, Issue 1950, 27 March 1885, Page 2

MEETING OF CREDITORS.

An adjourned meeting in the estate of Patrick Cookery was held yesterday afternoon. The Deputy Assignee reported as follows " Since the last meeting, I have received a verbal offer from' Mr 'Neil to pay certain creditors 20s in the £ as per schedule,!'and| get a clean receipt. The liabilities in the estate amount to £350. It wbe necessary to pass a formal resolution to-day to instruct me to withdraw any further proceedings, but a second meeting must be held to confirm any such resolution." Mr Wickersen moved "That the offer made by Mr- Neil of 20a in the £ be accepted including the necessary expenses. Mr E. Dixon seconded. Mr-Skipper: Before that is passed I have a right to ask on behalf of the debtor whether he is agreeable to that, because I am perfectly certain he is not. Mr Sellar: This is "an offer on behalf of Mr 'Neil who is prepared to hand in a cheque ns soon as this resolution is confirmed at the next meeting. Mr Skipper: 1 doubt whether Mr Neil | will hand over the cheque as promised. Has Mr Neil any interest in Mr Cookery's estate ? ■ Mr Sellar: He is supposed to have the plant belonging to the estate. I have made a demand for that plant and Mr Neil offers to pay 20s in the £ and that is all the creditors want. Mr Skippei: On behalf of Mr Cockeiy I object'entirely to the transaction. I don't think you'll see Mr Neil's cheque at all Mr Sellar: Then we shall be in no worse position than we are now. Mr Skipper: All right, then I don't object; go on. The motion was then put and carried, Mr Skipper: Of course there is a majority to take 20s in the pound—l don't know who would not.

The Assignee stated that due notice would be givon of another meeting to confirm or reject tho resolution, Mr Skipper: It is entirely against the wish of Mr Cockery that this offer iB made, and he has nothing whatevor to do with it. I wish to make it known to the court and the public that Mr Cockery iB not desirous to—(A creditor; To pay 20s in the £)— acknowledge this transaction, He decidedly qhjeqts—(A creditor: To pay anything) —(Laughter). The meeting then adjourned.