MEETING OF CREDITORS.

Wairarapa Daily Times, Volume X, Issue 3108, 19 January 1889, Page 2

MEETING OF CREDITORS.

. A first meeting of creditors in the estate of William Whitt, ofMasterton furniture dealer, was held on Friday afternoon last, about a dozen creditors being present. Mr Sellar, Deputy Assignee presided, The following statements were readi' Liabilities: Unsecured creditors £599 14s Gd; secured £74 8s: less estimated value of securities 158, £l6 Bs;'. £Ol5 17s fid. Assets: Stock ju trade'estimated at £7O, book debts £10; £BO ;• defi-ciency-£53517s Gd. Secured creditor ' Aaron Cook, Mastertoii, laborer, £7d 8s; Unsecured creditors, Wellington; Edmondson tVarmington &Co £126, Whittem Nicholson & Co £GB as Gd; Tustin Bros £ls 2s 'sd; Robert ,ert Martin £3B;. Dawson £ Co £2O 15s, John Duthie & Co £3 3s; 'Stewart'&, Co. £2" Bs; McAlpino £2 10s,Jas.Nicholls£8. Ohristchurch: W*. J.- Bates-£7B-93. Duuedin: Sorgood Son A-Eweii £IG; Auckland: Mc Arthur & Co £BS; Mackay Logan &Co£80; Masterlon: Williams"& Barlter &a%g ft'Go.iOfl;.B';.'M..flailfl'way.'£is , 'ss.()d|]J ; Eynriideu £6los; W. 1 Oarey'£B ;'L6wes : 'ari| Jpr-ns £8: Greytown: Hopkirk Bros, £lllss Sd; Maugamahoe; Jatiott & .Co'£G 1,0810(1. ';;■.--■';''."■' ,TJi_o.deb, tor, examined stated- that lie; four-y.ears ago witiiout .aiiyoit{(i(alj iiijd took as partner.'' jpiiame.-;;X%4ii£l^oiV.' : -Valso"' ■ .without ijity; cajiitiij;;.; jstwstj \ two awtfhree,years agf ins'- pavtiie),;Mr jtobk" ill;'i,ah'd;iie :; bought; him out i)y. giying:..|jiiir;bili?:to'.the amount of i£f 5 ; Bnd-'. payto'-11 .-;nor wejßk.,ipr ; if\'ffcey { ;V;-Busnessi-' ! 'pretty goodfrvb years Ago biu laterou commenced to lull oft 1 . ,:Dldiiot tajco Shortly after; heihg.'pushed he[ began ::■ up; for. •tufetioii/j s^tiie ; of tbeseAgqptls':were;. iQ niink^.Hß;kiißwHuii^s^wcro, : bad}and!

that he 'was getting behind but did not take step 3 <■' to' a'scertain his position. He simply waked atvay hoping theie would be a ohange for the better. Would have still continued if (lie Bailiff had not been put mby Mi Caselberg. Had paid cash foi the most of hie purchases duung the last twelve months. Had sent nothing to tho Giojtown Auction Rooms lor the past tlnee months. Had only had one sale beie lately. ByMiPownall. Some tune since! Di Milne ordered some fuimtuiel fiom him, and .he induced him to give him a bill for £24 for which he only gave a wilting table and a squaie of carpet on account. He gave the bill to Edmondson, Warmuigton k Co. about thiee months ago, Had intended to make up the lest of the goods but had been unable to do so. Got monoy from his wife which lw put mto the business, The money was left to, her by her paieuts. He leceived about .£6O fioin lua wife's biothci upon the fumituie in the house which he also put in the business The house and land is Mr Cook's, Had a veibal agreement to purchase from Mr Gallowiy the bouse and iland for £825; had added £55 18s fid ni making lmpiovements and en largmg the premises, Aaion Cook and his sistei puuhased the piopeity fiom Mr Galloway for the ouginal price agieed upon with him, and ho was allowed nothing foi the money he had expended onadditiona The stable on the piemiseswas elected by himself out of business mono). On tho motion of Mi Williams, seconded by Mi Caiej, it was resohed that the debtoi be publicly examined at the ne\t Mttiug of the Bankuiptcy (Joint. The meetnig then adjourned.