MEETING OF CREDITORS.

Wairarapa Daily Times, Volume IX, Issue 2550, 17 March 1887, Page 2

MEETING OF CREDITORS.

i The first meeting of creditors in tlie | estate of Benjamin Sudden, of ManI gamakoe, farmer, was held in the old j. Courthouse yosterday (Wednesday) j afternoon. Sir B. Stsnsfield, Deputy j Assignoe, presided, there being six creditors_ present. The statement showed liabilities £3OO 2s fid, assets £l4B, deficiency £l5B 2s 6d." Tlie following are the principal creditors: J.Ross£34 Is fld, Caselberg'& Oo £27, Elliotte £l(H6s lid, Williams & Barker £l9 5s Bd, F. H. Wood £37, Girdwood £ls, Travers £3O lfa, Graham £lB, and twenty-two others under £lO. -

.' Mr Bunny; solioitor on behalf of the' creditors, examined the debtor, who stated that he made over to his wife in April, 1886, a property at Mangamalioe, consisting of 254 acres 24 perohes, in consideration of money' advanced and natural loYeand affection.There wasafour-roomeddwellinghbqee ereoted .on the proporiy .whioh had been.put up at his wife if, expense for £IOO. Mr Gawith, solioitor, had made out the deed in'his wife's name. The property was of -no value When he. transferred it, as few improvements had been made. About 100 acres had since been grassed. He did not think the property was worth ?£2OO or £BOO. He had twenty townehipsections that' were mortgaged to the extent of £IOO. He had sufficient property at the time,of;tlie transfer "to. pay all, his ..debts. His stock .were under a bailment toMr GivdWbod, which was, executed iri ! At a sale', iiv November last of .his land, &c.j he realised £192; afterwards at a sale of. stock nearly

>f iSßoo;\viiß realised, He paid Mr Biibbß *■ who held a lieii ..over his crop; affl Jj. stock, £9B, and other Bmall snms'H d various creditors, leaving a surplus H Tt keep boots. Alllifl e money earned as a< carrier hadb&B e xpenaed on his horses, ' Mr, Buniiß 1 Bo vi s?4 the Assignee to demand tlfi » wansferfrom.Mtf Budded and if iiol '• «p:-t°.eater into possessionj alstH ;! c^ 0 a at'.thejfnext sitting o#