DISTRICT COURT.

Wairarapa Daily Times, Volume IX, Issue 3013, 26 September 1888, Page 2

DISTRICT COURT.

In Bantojiptcy. (Beforo Judge Davey.J WEDNESDAY, SEPTEMBER 26TH Applications for discharge, The following bankrupts were 6is> charged Henry -Onen and Join) Kelleher. . i PUBLIC EXAMINATION. ' James Thompson presented himself for pubiio examination, and Mr Bunny, on behalf'of the Official Assignee withdrew the application, and the examination closed. : The pubiio examination of Peter Soph'na. Cbristenseh, and Brown, Eodgers, wis (jjfedior the next sUting of: the Court. - -7 The following wero';-.ordered' to apply 'jj& the pext sitting of the Court for tljeir B. H. Elliott, and P. S. Christensen, Cira CASES. V Official Assignee v. Lowes & lorns. —Withdrawn. , ■ . i -Same,v. 'Frank .Eelling. senr. : Mr! Eownall, on behalf of the defendant, i fcnn&ented fonn order in the tei'iqs of i the summons. •f-! . J.-•'• ESTATES.RELEASED.' ■{/f; The bankruptcies in the follo^

aasesihavinl'boen duly ?closctl,".. kders for the rele&se "Sf the estates were n.ado - J. B, Jortes, J, Check, J. Grattan, W.' Gambliu, J. Inghy, A ArmstropgjNvßasmUßSOn.' G. Bowles, i J S. Camp, G A.W Mills, J W i Lee, F. J, Roe, J. . Creelmniv T.aA. Dillon; M. W. O'Meara, R. Crawford, B. G. Oroabie, Annie E. -Hayward, .vrTlie,reniainderofthe'biisinoßS wjs adjourned till a Inter hour.

i Masterton:. Permanent Investi ment and Building Society. > Tbe annual uieetmg of tho above .So'oiety waa"held;last e ve'jiing .iii; the Tetnperam,e Hall V Mr J, C Bod diDgton (Chairman of Directors)■: proi sided,; and there were about thirty shareholders in attendance. 'j

i j .?Tho.Mowmg.report, together with the balance, sheet, was'then takei'as I road, 1

i.Your-.diroo.tors bava again : to submit a veryiatislaiitoty balance sheet for'tlio. past , yoar, ;and;npfwiihstandiiig the. fact ol that period hiving been bhe.of s'evero depression ■' it: will be seen they have, been able io continue.lho progressiyo course indicated in their last annual' statement,'; Early during the year'your Directors found the existing office 'Accommodation;'inadequate for tlieir business, and after long deliberation decided to ojtehd it. :i They. were ( fortunate in eoouring an eligible and central beehold sito in Queen-street upon advantageous termß, and are no w erecting thei?oh Substantial briok. 1 offices; ' whioh will bo profitable to the Society as an investment, apart; from, their volue'aft mSan's tojSjiand your business, Messrs' J;0: Bjoddinglon and A. .B; Hunny ; retire from tlio- directory in accordance with tho. Eules, but;' being eligible, ofter.themselves'forre-eleetioii;. t'" 1 ; J, O,;BOMNGTOS,i / "; • '" 'i W'- ''' Chairman/ -The' ChairmahfT.in;. moving; the adoption of the report; sai'j'it iould be unnecessary to.detain the meeting long, as the, balance-sheet, 'which had been distributed a''.week\ pfevious, .spoke for itself. Although' they Had been passing through a period 'of severe depression their directors We able to put before th em a" satis-" for the past yeari •• •' ; He liad found that in making ut comparison with ; tlio' te'cprd' of the previous term, their advances showed a slight, foiling o£f,'but other .sdoieties Verefon a similar footing in this respeet, and ; their directora liad preferred to do a safe' and cautious business, He might say that at the presenMime :,they had. not. a; single advance on their books'which caused them the slightest uneasiness.-: Of the applications made to,them during tho past year for. advances' they;';had declined 50per cent, 1 rejecting its large an amount as. they granted. They were gradually increasing their number of investment shares, which now stood' at' 649, previous year. The'deposits during' the, last year had irtcreased 1 from £4862 ito £5946. He analysed the various itemsV ; ot,rthe/ balance, sheetshowing that they indicated, general progress, and; an, f expansion of business, while; at the same- time the cost of' the • previous' retlirn'' by' £g; '/' He also pointed- out tho advantageous arrangements made by. the [directors in acquiring a freehold site iti Queeri-, street,, and ereotihg thereon, briok. offices, They expeoted to* let.:the upper floor to' advantage, and; they had already made; such an arrangement for the : ground' flijor that they had a prospect of living oii their own premises, lent'free, ..when the, new |structure was completed,..'He, concluded by referring to the.improved outlook of whioh they now had'hidications, and : whibh pointed to alai'ger business for the' Society during tho' coining year.' He also '.'said the directors; had. .eyery.;,reason to • be satisfied with the manner ir.'whicb .Mr Sellar, their manager, had conducted their Jbusiness. '(Applause). The favorable anticipation tb'oy had formed of his sorvicea had been quite justified. . ' ' ; •

Mr W. T, Grundy in seconding the adoption of. the ■ report congratulated shareholders upon ,the decidedly .flourishing condition of the Society as disclosed by the balance sheet, : -The small attendance at tlie present gathering was to his mind the evi-

dence that members had every possible confidence y'in; the;.. . directors. (Applause), ' . The report and balance sheet having been;; unanimously adopted Messrs A,i R. ; Bunny aud J. Oi Boddington were-re-elected as directors. ' - •

' On the motion of Mr T, G. Mason Messrs J, lorns and F. T, • Redman were re-elected as auditors,

Mr McEwon -.moved.a vote : of ' thanks to tho directors and manager, for their past services, which was seconded by Mr' Carpenter, carried nem, con., and duly acknowleded by Mr J. 0. Boddington and Mr W. Sellar, the former referring to the keen interest which the directors took in their work.

Tho customary compliment to the chairman concluded the'proceedings,