BANKRUPTCY.

Wairarapa Daily Times, Volume X, Issue 3131, 16 February 1889, Page 2

BANKRUPTCY.

A first meeting of creditors in the estate of Edwin King, butcher, of Carterton, was held in the Old Court House, Mastertou, on Friday. Mr W, Sellar, Deputy Assignee, presided, Mr Bunny appeared for the Deputy Assignee, Mr Beard for the debtor, and Mr Skipper for certain creditors. About a dozen creditors were present.

The statement showed debts, £6lB 14s; assets, (chiefly book debts,) £242... The following is a-list of creditors: -J, W, Strang, sheep farmer, £4B; J. Alpin, £2 7s;' G, Harris, £65105; J. Gates, £4B; T. Watson, £lB ss; 0. Wyetfc,£ll4s; T. Moore, £4lss; A.. McKenziti, £2B: W.B. Allen, £li 12s; A, King,£s'l2s; J.Dudson, £5; G. King, :L2OO 6s; P. A. Erickson, £ls; H.S.Mason, £9; G. Yule, £2O; Eli M, Dixon, £2B 15s; D. Nicholson, L 8; T. Shaw, £4; J. Ingloy,£4; K. Hooker, £2;. W. H, Wilton, £2O; Joseph Corpe, £slßs; ii.Waghorn,£slos. The debtor deposed that he was in partnership with Mr B, S. Buokeridge/ trading as butchers, up till recently. In November last, he found the business was not paying, The liabilities werenearly all partner. 6bip debts. Wilton previous to taking over the business on 14fch January had been in the employ of the firm for a year. The premises were rented from George King, debtor's father, who took possession and let them'to Wilton. The stock in • trade and plant were bought on 21st December by Wilton from Hooker; On 11th January, 1887, £27018s 7d was due to Mrs ; Ingley for cattle and sheep supplied. Of this about £IOO was due before the partnership commenced. Mrs J. Ingley is a sister of debtoiy King senr. (debtor's /father) was? a trustee for Mrs Ingley and held a bail., ment oyer the property on her behalf.! Owed £144 to Mrstigley whohhe Hooker for money'to pay her off. This was about six mbnfchsago. An 1.0, U. was - given to Mrs Ingley in July, 1887 for £27018s 7d. Could not say, whether slie supplied live ber:whe|he'r :: hß;raade i ?over?any pn£ perty;tp:jUrs appeared in the bailment. Buokeridga gave her. seouritj' ■ to. ihja ;po/unj of

£llO. He sold her hoises to that value in July 1887. The hoises woie sold to Mis Hooker aflorwaids. >, With Buckendge's consent he ferred tho securities fiom Mrs to Mr Hooker, the latter paying Mrs' Ingley tho amount due to her. Owed his father £2OO and various amounts to other creditors at the time this tiansfer occuired. Wilton paid Mrs Hooker £74 8s fid for the hoises, caits, and plant. The debts 1 Stephen, Moore, and Driscoll, had"w been incuired since he found the/ business jvas not paying in November last. Did not fije at once because he wished to dissolve partnership. Of the amount due to Harris £2O had been contiacted in December. Tho pioperty sold to Mrs Jcgley and tiausfened to Mr Hooker had always been in the possession of tho firm up to January 14th. When tho property was tiansfened from / Ingley to Hooker, the latter gave two bills of ', £7O each both in favor of t debtor, jfa"*', Mrs Ingley thereupon gave a recoipt, L' '( When the sale took place * Hooker to Wilton no money A day or two after the bills .were" given to Mrs Ingley, the other was renowed and, eveutually the money , was paid 011 the 7th January with ' tho amount obtained from Wilton. Wilton purchased, the plant',from debtor's father on 20th and purchased cattlo from him on 21st December. If Buokeridge would have gone out of the business he >could have arranged. He denied that Wilton was carrying on for him. Would swear the firm owed Wilton for wages £2O. If Wilton said he had been paid in lull he told a lie, There were two ledgers and a 'day book. He did not know where they were. He lnd the bank book amLshop book. Knew in November he was in difficulties, and knew it was not usual to ask people to endorse bills undflpsuclo circumstances, Had called upon Mm E. Buckeridge and got his endorse- ■ tnent, stating to him that if they could manago to pay off Hooker they could pull along allright. < Tho examination was adjourned to the Courthouse, Carterton onThursday, 21st inet,, at 10 a.m.