Bankruptcy Meeting.

Wairarapa Daily Times, Volume X, Issue 3297, 31 August 1889, Page 2

Bankruptcy Meeting.

A first examination in Bankruptcy' of William Murssll, of Masterton, Insuriuco Agent, was made yesterday by Mr W. Sellar, Deputy Assignee. Tho statement of tho bankrupt Bhowed that at the end of 1886 lie had called a mooting of creditors at New Plymouth, and executed a deed agreeing to pay them £l2 10s: p.e? • quarter until his debtsSvero" giving- them as security a fourth sharo of a Reversion of £2500 on a life' estimated as good for 16 years. Ho then took up an appointment under the Wellington Education Board, but was recalled immediately to Now Plymouth by tho dangerous illness, of his wife. Dr O'Carroll told him lie must remove her and the children when'lie'returnedto Masterton or the cousequonces would be fatal to her. That arrangemont inYolvodhim in an expenditure of £6O, and his salary was mortgaged for four; or .five months, and ho had to float accommodation bills. In October, 1888, he resigned his positoin as he felt that unless more money was at his command ho could not avoid bankruptcy, His present posi • tion with National Mutual Life at first gave,hjm hopes that ho would

be able tojovontually clear himself, but gradually business became dull, and his advanco was .reduced from £lO to £7 por week, As that sum represented the actual expenses o( household, self and horse in travelling, that rendered him unable to make any provision for interest on bills or payment of pro. notes as they became due. During last month ho was summoned by three different persons, and tried his utmost to arrange their accounts. Ou August. 14th he received a letter lrom Mr H. R, Richmond saying that he, as cotrustee for the creditors there, could not allow him to mako paymont outside thoir interests,while leaving their promised instalments unpaid, He wrote to his omployers asking ior a special advanco, which was not ontertaiued, Ilonce he was compelled reluctantly to file. The following are the statements of liabilities and assets iu tbe estatoLiabilities unsecured, Mastnrtou—Minifio k Co,, £10; C. Wttglmul, £110s; Graham & Co., £2; H. Broom, £6 10s; Smith & Co., £6; J. Carpenter, £llss; A. Stewart, £25. Wellington—Wakofield & Boydhouse £7los, Jones 4s Ashdown, £4 108; Brown & Thompson, £1 15s; Australian newspapers, £80; C. P. Richmond £O, Wanganui—W, Russell, £l2. New Plymouth—E. Halloran, £IOB, (secured by promissory note);' H: 11. Eich* tnand, £4O (secured by hill of Bale over furniture); J. B, B. Boy, agent for Mr Snoddon, £2O; Shuttleworth Bros, £2O; T, Avery, £ls; J. Avory £3; W.- Bayloy, £8; D. 'Berry, £4; J. Hendry, £2; G, M.. Brascli, £110s; D. Leed, £1 10s; , Taranaki News, £lss; D. O'Carroll £2O; Ri Uranchope, Trustoe assigned i estate; (I L. Humphries, and Co., ,£8 ;, total, £4lB 15s. Assets: [ Interest in. a reversion payable on . the death of a life, aged sixty-eight, i vears, amounting to L 125. Surplus , LUSH. J The Kokatau Disappearance, J Desultory search for the child lost at Kokatau has been mado duriug j tho week, It is desired to make j another extensive combined search 3 on Sunday (to-morrow), and those willing to take part in tho expedition 5 are requested to meet at Kokatau. I Tlub is likely to be tho last general search party which will go out, it is , thoreforo hoped that nil interested iu j solving the mystery will volunteer . their services and attend.

Tho only country which lias not been thoroughly covored by tho previous search party is that lying close to tho river Kuamahunga, and even it has been made tho subjeot of much individual examination. Tho large search party on a previous Sunday, formed an extended line of persons three or four yards apart. This order was maintained for a long distance; but the expedition opened up as the distance from the, central spot increased, • and by tho time tho river bank was reached, which is about tlireo miles and it half away, few had kept to the bank so far. This outlying locality will 110 doubt have special attention tomorrow. Mr Thompson, the father of tlio child, lias, we bear, considerable hope of some traoe being found, yet,

One of the residents in the vicinity has. had a dream vhioh indicated . that tho body of tho littlo boy would bofound recessed in the shadows of a log, aud several of the searchers are.impressed with the likelihood of. the. dream being realised. Bank of New ZealandAuckland, Augusf 80, The New Zealand Herald puL lißhes the following ll Soma w\. portaut changes in tho Directorate of tho Bank of New both in this Colony .ami in Lop'don are announced, or about to t?,'ke place, owing to the retirement in both pla'ccß. In London, w'nere there is uow a very powerful v.ad influential Board, Sir Penrose July an has been compelled to retiro on account of advanced age, anil tho vacancy has been illled by the election of Sir Hercules .Robinson, K.C.M.G., late Governor of Cape Colony and formerly Governor of New Zealand. Sir Hercules Robiusou amassed a large fortune at the Capo during liis residence there and his accession to the London Hoard ol the Bank is.; regarded as a very valuable one ou account otitis influential connections and his well known business capacity. Ilis acceptance of tho vacant seat is very strong evidence of his faith and conlidenco, not only in the future of tho bank, hut in that of the | Colony as well. In reference to the | Colonial Board it is understood that | Sir John McLean, who resides in lOtago, and has not been able to attend any of the Board meetings | since April last, has felt it ; incumbent, k the interest of tho

shareholders to rotivc. Mr G. Buckley lma also tlcsired for somo time past to l'otiro at a fitting opportunity, and lias now dono so. Mr Buckley has been in ill-health for n long tinio, and lias remained upon the. Board at great personal inconvcuionce much beyond the period that ho originally intended to remain, Wis knowledge of the business affairs in tho Colony has been of great service to tho bank, especially in the prolonged jiivostigatioii. which the committee appointed to undertake, their report of which was couched in such terse positive and vigorous terms. Wo are glad to be ablo to state on good authority that Mr John Murray. General manager of the Bank, wlu proceeded to London some time ago to confer with tho Board tliero, and with new and valuable connection!) formed in London, is now in America on his. return journey in greatly improved health, and will, at the request of a very largo and miliumitial body of shareholders,- both in the colonics and in England become a candidato for the seat on the Board just vacated by Mr Buckley, Mr Murray has tho confidence of the shareholders and of the executive officers of the Bank, and his acceseion to tho Board will strengthen it in overy way. Mr Murray is the author and originator of the entire policy for tho rehabilitating of the bank, and in spiio of all opposition and many difficulties ho had to face, has succeeded in keeping the valuable business of the institution together, walo the new policy has given the bank a start upon what wo boliove to be a vory prosperous career. As the half yearly meeting will take place within a few weeks, wo believe it is not tho intention of the Board to Jill tho two vacancies by-nomination, but will leave them open, so that practically the appointments will be made by the shareholders."