MEETING OF CREDITORS.

Wairarapa Daily Times, Volume XIII, Issue 4240, 11 October 1892, Page 2

MEETING OF CREDITORS.

Estate of R, 6, Williams, A meeting of creditors in the estate of It. G. Williams, saddler, ofMaßterton, was lipid in the Old Court Houße at noon to-day, The debtors written statement was read as followsl started business in Masterton as a saddler in February, 1890, with a capital of £6O, borrowed money, having no money of my own at the time, For the first two years my business was prosperous and I found it necessary to give credit and largely increase my Btook. Sincp that* time my trade has been very djtjf and to the fact of being over«tock|(|ond my inability to collect accounts and my own want of capital and also being I preesod by certain creditors, under distress warrant, I was compelled, on the advice of my principal creditor to seek tbo protection of this Court." The Official Assignee said that he had had the stock valued by a competent valuer, and it was estimated at £BOS, A portion of the book debts had been assigned' to Mr Pownall, who expressed his willingness to hand the total amount over on payment of his olaim of £25, Tho total book debts were £405. Mr Williams had informed him that he would give every assistance in realising stock, etc. Im

(Mr Chpnnelis) thought it wouM eg| very little use examining the / rupt until the books were ex/ led He bad deferred taking anw ion with the stock until the credit?, jot, as it was a valuable one, awT'som# of the creditors might make an offer to take over the estate. The best plan would be to decido the realising the estate, He did nof;hink tho book debts would roalise the amount sot out in the statement, viz., £250, but was confident tho stock was not over estimated, In reply to a creditor, Mr Williams said be was sorry to say he had no offer to make. > Mr Roberts proposed, on behaijt of Messrs Greatrex <fe Sons, that MfW, Wiggins be appointed supervisor of the estate, the remuneration to be at tho usual scale, Mr K, Brown (Town Lands Trust) seconded and the motion was carried, It waa decided that the Deputy Official Assignee and Mr Wiggins ba empowered to employ Mr Williams to assist in realising the estate. - The Deputy Official Assignee said he could not recommed ainy allowance being made to the bankrupt, If bia services were required lie would be remunerated, Mr Skipper asked, as a friend of the bankrupt, to bo allowed to 3ugt gesfc that Mr Williams be altowed to get in some of the book debteXThere ' * might be some diffioulty in getting them in. Mr Williams said ho preferred to leave tho matter with the Assignee. Mr Chennells said be could do nothing until he had consulted Mr Wiggins. The question of allowing the bankrupt his furniture m left over, until tho Deputy Offioial Assignee has con* suited Mr Wiggins. Mr Boberts asked what the debtor estimated his cash takings at for the last three months. On roferring to the books it turned out to be £135, The meeting was tlien adjourned 4 imdit,

Berlin, October 9. Altogether 94 horses died (cum exhaustion in the race botween Vienna and Berlin. That o( Count Starthemburg, tlie winner, an English thoroughbred was ono of tho number. Baron Reitzerustein'e, an Irish thoroughbred, recovered. Baron lloitzoi'iistein's liovse. which waa supposed to haverecovered, afterwards died from tbo effects of the journey. Washington, October 9. An Anti-Convict Socioiy in Knoxville is pledged to kill any one giving evidence against Muniw, their leader, who is being tried for the murder of a militiaman during tlio recent riots in Tennessee. New Yohk, October 9, The Columbus eolebration lias begun.