BANKRUPTCY.

Wairarapa Daily Times, Volume IX, Issue 2901, 17 May 1888, Page 2

BANKRUPTCY.

Emil Johansen of Queen-street Masterton Boarding-house keeper, was examined by the Deputy Assignee in Bankruptcy, Mr W. Seller, yesterday afternoon. Mr Bunny appeared for the Assignee, and Mr Skipper for the debtor. The creditors present were Messrs F. W. Temple and Downes. Mr Pownall appeared as proxy on behalf of Mr Winchester and,-ti?Lor three others. The debtor was duly sworn, and in reply to Mr Bunny said his debts, amounting to £79 odd, had all been incurred since he had started in business, as a Board ing-honso keeper. He paid M r Downes in starting 135 as part purchase money. Ho did not have £5 left to carry A business. He bought all the fur Mire of Mr Downes to the Value of £7O. The .landlord had seized the contents of the house for rent which he owed. He owed the landlord £lolss. The sum of L 9 ss. was handed to him as the balance after the landlords claim and expenses had been satisfied. Everything he had was sold, He. could not say whether it was £9 or£lo. .That was handed to him. The expenses were for bailiff and sale £0 10s. Ho had paid £6 for cost of bankruptcy to Mr Skipper. He could' not account for the balance. His reason for not filing when the landlord seized his furniture was that he had no experience of bankruptcy matters. The £27 due to Mr SyApn was for money lent to him to stall the business. He had no books showing his cash taking?. Ho was not satisfied with the business he was doing but thought to be able to sell out." He offered to sell out to a party for £SO, but ho could not raise the funds. He did not seek any advice as to what steps he should take to prcfit his creditors when his effects were seized for rent, He had not made away with any of his effects to relatives, He was eight weeks in arrear with his rent. He did not know his' average takings. His casual and regular boarders did not average more than two or three a day. Since' Christmas his business had been steadily decreasing. In answer to Mr Skipper The boarders had not in all cases paid him, The bailiff was in possession when he sent for his solicitor.

Mr Bunny said that statement did not agree with what had been stated by the Imnkrupt in the earlier part of his examination.

'l'he debtor said his first statement waswron*. His book debts were £43 16s, but he only considered ho could get in £lO of that sum,*. His father and mother •in • lawjjfcpera living at tba boarding house with him, and shifted a day or two before the bailiff entered into possession They only took away with them the things belonging to themselves. They brought tho things in January. Since his goods were sold he 'lived with the old people. When'ie "went into the boarding house thero were four fowls, and he thought when he left there were two (laughter.) The fowls he had in the meantime (about 30) were the property of the old people. Ho did not know when the old people removed the furniture, whether early in the morning or late in the evening, He was probably asleep at the time. After considerable discussion the Official Assignee convened a meeting' of creditors for 11 o'clock on Friday rooming,