MEETING OF CREDITORS.

Wairarapa Daily Times, Volume XV, Issue 4332, 2 February 1893, Page 3

MEETING OF CREDITORS.

Estate, of John M'lntosh, Jun,

The adjourned meeting of the creditors of John M lutosli, jun., Into publican, was held at Wellington on Tuesday afternoon. Mr B»lton append fur tlni debtor. Replying to Mr Brown, who appeared for several creditors, Mrs M'lutosh said that she could not produce her Post Office Savings Bank book, as the officials stated that tho Official Assignee was the only person who could get it. The account was closed in October last. The largest amount she had had in the Bank was £35. Her husbund once gave her £2, and she won .£l2 by investing it 011 the totalisator. With £ll she bought a racehorse named Luna, Out of the £35 she hud in the bank she drew £24 and paid it to Mr Focke. She still possessed land at the Hutt, but she could not do anything with it without her mother's consent. A sum of i 250 was once borrowed 011 the property, but it had betn repaid. With the £2OO her husband bought the Wbakutnki Hotel, where he made some money, The Hutt property was left to her and liar sister by their father, and was bought by him 35 years ago. She never had anything to do with tho management of the hotels kept by her husband. There was a policy on her life,-and on it she bad borrowed £2O to purchase a publican's booth at the Hutt races on 18th November. Lost money by the booth. The statement made by her father-in-law that the booth had paid was not correct. The takings the first day did not amount to £88; £2G was the amount,

The debtor, under examination, said that when he left tho Whakataki Hotel ho had £205, and he put it into a Bank at Masterton. Had no othor account at that time. Was perfectly solvent when he went into the Manukau Hotel after leaving Whakataki, The sum of £250 was borrowed on his wife's property <fc was repaid during tho time he was in the Whakataki Hotel, Hid not do much sporting when he was at Manukau. Never had any interest in any racehorse. When he left the Manukau Hotel there were several persons to whom ho owed tuonoy. Ho lost money by working the Munukau Hotel, hut he sold out for 150 more than ho paid. .

Mr Lewis (Thompson and Lewis) pointed out that in nine months tho debtor had taken over L9OO at tho Manakau Hotel. The debtor said that while he was there he had partly kept his father, mother-in-law and father-in-law. He had not been extravagant. At the present timo ho was not worth anything. The Official Assignee said he could not get any idea from the books as to where the money had gone to. The debtor said the purchase money of the Empire Hotel, Petono, was LBOO, and he paid LOO cash. He sold out for L 350 but after squaring up ho found only L 4 12s coming to liiui,

Mr Brown thought steps ought to bo taken to show botelkeepera that thoy must keep proper boob. The debtor hod apparently done well at the Manakuu Hotel, and yet ho had got into difficulties, Mr Bolton pointed out that the bankrupt had now been in the Official Assignee's hauds for five months, and he (Mr Bolton) asked if the debtor's presence was required any more, an allowance should be made to him (the debtor.) Tho creditors separated without passing any resolution,—Post,