BANKRUPTCY.

Wairarapa Daily Times, Volume IX, Issue 2648, 15 July 1887, Page 2

BANKRUPTCY.

Edwaiid James Hughes. ■■:■';■ A meeting of creditors in the above/ v estate was held yesterday (Thursday) • ■ afternoon in the old Court room Mm£' •■ f tertou, Mr It. Stansfleld, Deputy ObT cial Assignee presiding. '"'•'- ■ Mr Beard appeared for the Bank-" ■' rapt, ' '••'.- The statement read, showed liabilities' '*" £237 17s, made up as follows:—T. J, •".". James 118116s, J. Hughes £SO, T.- ': Hughes £6. Assets nil, The Bankrupt ou oath gave the fol- .'" lowing evidence : Section twenty-five, block eight, . Mangamahoe was in his name for iour > years up to April 1887. Prior to that ~.'. date his brother, John Hughes, cut up, about eight or ten acres and sold it; he j£ (Bankrupt) signed the transfer. not know if the purchase money was paid yet or not. Did not trouble to find out; The land was sold to differ:' :;; : ; ent people. Thought his brothers ' owned some of the sections, When he '''' signed the ■ agreement. left it withMessrs Morison and Burnett, Woodville. On April 7, sold the balance- ot '■■-;':

the land to his brother Herbert Haspar «ighes Did not know whether (Bankrupt) signed a mortgage, of £4OO on the property. Sold the one hundred and fourteen acres for J} 150, to his brother. Valued the land at about XlSari aero at the "time, Sold the land b'eCHUsa liift brotlii'i' John insisted upon fyiJk B 8 t.iflmferred. shortly. after ■. jui^ftteftt'twaS 'gifVir against birir(bank- ■ riipt) yiHlwDistrict tho oafie"{' % :?aßieHr3s.;j'?.|i^hk ;■ Beliejetf thero'TO. a. mortgage ; at-;th& . •-; brpjher;Jih"ri fourid'he • (bankrupt').* had" ..f.O it,..'...'. ' . • .* (I • . . gotintMuoa,-B;.mes3. with;-■,Jain.es," l(e, that the property should be so as to prevfti t 7 -the-amoi-flt.co.inipgoutotthe, section, , Wasiiolraware that Any po'iji'oji of the' ' pr6p|t'ly was-riow-in bis'name, The reason ■ the'jjectibn was iuliis name was, because his.kothijr John .asked, him to do' this anil-it .was consequently done. At the timojthe 'section was taken up iii his name-his brother John had a deferred , payment ; section in his own name, fd, worked on.the section;.for his' (her. Was never paid any wages or made any arrangements about them. Had. what money aud clothes he wanted. 'The section was all cleared aml-his'brother had been living there since it was taken up, No money passed between him (bmihnipt) and his brother at the- time of the transfer. Had never-had any stock of his own running on tho place, or bad any interest in any stock running on his property. There was no partnership existing botwecn them or any of his Had no furniture or interest Sp any laiuf or property as he was ,- 'aware of. * .The meeting then adjourned.