MEETING OF CREDITORS.

Wairarapa Daily Times, Volume XV, Issue 4406, 29 April 1893, Page 2

MEETING OF CREDITORS.

Estate of Hex, Bhnk*

A HaeotinK of omdltosra In tlj« abevo estate was 3iaM nt PahEatua at 7 o'olook on Thursday bvuUuk test, Mf W, B. Oheiraella. D.O.A. paid* sng, Amy !**®» aoiaber ofcraclilew were pretest sf rapr®g*tit-e<l, and Mr W. B. fiftwwds wafstad tlia procoiKJiags on behalf of Mr F. W. B* Grevllle, Mr ToMwlil appearing for Mr Blaok,an<l Mr Harold Smith for the D.O.A* - The debtor tmd&s exasanSViwr by Mr Edwards, Stated that aftar judg- " meat had been glyea agalast him in the reeent aoiiors brought by Orer ilfa, ha gave notice or appeal, thinking Us stay proeaedinga. Advertised tfca paper for sale mmum Mr Grevilk was telling; people that aetiee of appeal was nogood, sad that fceintendad to pat an execution m. 11 this had ■ been done the paper weald bsva fcsstt' utopjfed, and witness tberafer* filed to prbteot the other creditors. A private meeting bad previoagly Ma called by witness, and; Mr Oreville w »«- prc*ched respecting it. - advertised oh tik ThoridayJ«R«k« place on the following .Saturday. - After the plant offered for sals had seat notios td Graville re weeiieg of creditors, bufc.h*d o aat> approasnod bim with regard to tha sale. Had aot arrangedfor taffjauHa buy the paper. If the paper: had tesa aotd witness might hST» been able £o pay s credisora. ..Mr Ureviile'i statenseats had been triade after judgment was gives. Witness bad aeier desi&rsd he would not gay, Dfa not know judgment was entered when he.&drgr* tised the paper 'lor safe, The execution was pot in on Wednesday, April 19th. The goodwill of the Pabiatua Star belonged to witness. Had bad the paper for seven years and bad aot been disuirbed until the prnMnfc <feaa&> Did aot consider W3F ; worth moeh. Did not consider tbeStar belonged to'him. The goodwill »0«ld be worth soctetbiog if sold aa * . going concern. Witness did aot buy" the plant, other people bought it. The paper was originally gold hy Mt - Haggen to twelve man in P&hiaisa who gave a p.n. for six hundred pounds, dno in four usoatba. AI the end of four moatbg witnega paid 560. The paper did aot belong to witness, but would have bseome hi* property ifi time. Had been gat in possession under the supervision of a trustee, the purchase having bsea made on Mi behalf, Witness eamad on the paper in bin own »ame. Mr < Fulton had brought an action against the twelve men for the amount owiag on the bill. £lO representeS She value o! witness' ialerest in the giant at the present timo. Ba reply to the D.Q.L., the debtor stated that the £lO worth of furaiturs belonged to him, and Mrs Bkokhasl an absolute right to shout mo or MO worth, bought with her own money o* presented' to her. Had no offar to ■ make to the creditors. Mr Briggs proposed, and Mr F. &. Sifoora seconded, " That this taeefcig resolves to gtre bask to Ales. BlaS the plant aad machinery belonging to the estate, now in the premises osobpied sa the Skr oSce, viss., item S3' in statement,"

meei : Qg;; es an tion, bat' should g ; made a special resolution, as, fa h£§ opinion, the property was worik oter£so ;.:#p the estate, slthongli. Fes amouDt furnished by bk valuator i was Ml 19, which he accepted as tes ▼sine of the goods, Mr Ore wo moved f that this ajeesiag present &,: Black with one tresdkrnaohme, Sto founts of type, oos blocks, rules aad paper is. the value of £40." Mrßrigga seconded the motiod. Thß:Asaigoe« decliaed to put i&# resolution oil the aamo grounds &» I previously. Mr. Tosswill moved that Ms. Gully's opinion ba taken on tb#

question as to whether tiio resolutions could he put as ordinary resolutions. Mr Brijrgs seconded and the aoHm was carried.

Mr Briggs proposed thai Mr Biaok be allowed to continue ths manage* mentofthe pap*?, until Mr GaH/a opinion be received and submittdd to b meeting of creditors.

Mr Greviilo proposed tbat Mr Bl&ok be allowed £& per week—Sscoadgd by Mr Crewe. Mr Briggs proposed end • Mr F. <J. Moore seconded, that be allowed £4 per week meni of the " Star" from tSw data of bis failing.—Carried. Mr Briggs proposed that a meeting of creditors be again held, at Pabis-. ttia, directly Mr Gully's opinion ba obtained.

Seconded by Mr Matthews" and carried.

Mr Bngga proposed and Mr Matthews seconded, tbat a valuation be made of the plant and stock of the Star.—Carried.

Mr TosswilJ proposed that" Ut Greville be offered tho plant men* tioa&d in Mr Orewe's motion', for the. wrav of £SO, the offer to remaia opea nam next meeting. Seconded by Mr A. Bsillie end carried.

Tbe meeting then adjourned.