MEETING OF CREDITORS

Wairarapa Daily Times, Volume XIII, Issue 4017, 20 January 1892, Page 2

MEETING OF CREDITORS

Estate of Qeorgs TorasonJ.

A meeting of creditors iii the estate, of George Townsend, blacksmith, of the Taueru, was held in the old Courthouse, Masterton, this (Wednesday) morning, about half a dozen ereditors being present. The Official Assignee (Mr W. B. Ghennells) presided.

Mr. Bunny appeared for the Official Assignee, Mr Pownall for the bmk' rupt, and Mr Gawith for certain creditors.

The following statement was filed by thp bankruptl went into busi 7 ness at the Taueru as it blaoksmith about January, 1889. The paid me, and I (lid not get jijto debt until about March, 1891. The. first qf iny trqijbles" was when Boss and Muir'fjled, causing me-to lose £2i od4. Soqq after that I was taken ill and had to close the shop. I was ill a month, I got behind hand and could not get my book debts in to pay | Oreditors. who were pressing, My Credit got stopped to a largß extent, and finally on being summoned by a creditor, Mr Yallanoe seized my shop and stock under a security which he held, whioh left me no other resource but to file.

Examined by Mr Bunny,the debtor stated he owed some debts when lie went into business. Ho would not have Bled unless ho was pressed. Mr femith pressed him. He had o horse, trap and harness seized under bill of sale, or what he supposed to be a bill of sale. He owed Eiddlo £32, and the trap, horse and harness were worth about £2O, He had no other prpperty, He jiad a sub-tenant on h j jileaoehold'prqperty at'sahumingi, Tlio Value' of 'tliia was nothing.' 1 'He liad .Eq shut up s|}'op' in Mai'bh on account of illneps, His man was al?p bafi, 'He qiy'ed |[ibb]pwhite |27 fqr vyagep, liad bcijn give)] to Vallanco in February, 1890, Vallance had advanced him money and backed bills, He understood tho bailment was over tools. Examined by Mr fownnll: The bills'Jiad been baqjiefl hy Valence when he went into tSusiceS's. Hfl'met the first bill and Vallance pjeked up flje ojihep with " ' '' By Mr Bunny j He gayc the pror perty as seeurity foy the debt, aud did not sell it to Vallanoc, • ■ The meeting was then declared closed by the Official Assignee.