IN BANKRUPTCY.

Wairarapa Daily Times, Volume XV, Issue 4428, 26 May 1893, Page 3

IN BANKRUPTCY.

| Estate of Williams Bros, ' The fust mooting of creditors in llio j estate ot Williams Bm, contractors, was held on Tuesday night, the ' Deputy Official Assignee presiding. 1 Mr Gregory was tho only creditor present. 1 Mr Tosswill appeared for the debtors. The debtor, H. T, Williamw, examined by the (Jfficiil Assignee on ouili stated that the statement produced and signed by liim was conect so faras the partnership wns concerned. Tim hulk of liabilities were incurred through iossea on contract in the Tirauraeii, taken from County Council. Cook & oooksaccount£3(| wus partly for stoics and partly law expenses, They did well ennugli until after the com luencetneiii of 1892. They had bud luck with slips and bad weather. They finished t»'o contracts but did not finish the third on account of bud weather and their financial condition. One cmnract was L4OO, another L7O, and the third Ll5O. They owed LlO or 1,19, to Mr Birnie about the beginning of last year and it was on the last three contracts they lost. The contractu did not pay on account of the extraordinary bad weather,. The prices for ; tho contracts were fair, but ilie largest one would not have ; hurt 1 thorn except for the loss of time.' Tliey .would liaye. pulled thiougb alright. The'L4oo contract was. to le completed in foor months, and they .were at it six.months and then threw it iij'i. The imrnediato .cause ,of ' their ; tiling Jwiia'lieiiig pressed hy.Ccck and . Cook.. They s-.n.<l tbeui.aud iilj'.aiued . an order on a judgment. snmmo:.s; :' They made .'an offer to Cook & C;;d : of. ss;,i n Vhe. i to.be paid'y es i erdt> Thkoflkwas made ahoiU a fortnight ajo. iJTlicy; ui»de-tlie goffer. as ag iit for Cock k Ccck, and lie refused to accept; They had a friend who would have " helped them. They ." by doing they, miiiht pull through, They had no.oti'-r (•/ make to. thuir. creditors now.' ...They had no estate whatever. His wife :■ owns a house valif d at £l5O which is , mortgaged for £l2O. Blie has had it . for two years' and'three months.. It is mortgaged to the Greytown BtiibK : ing S uie:y. . All tht-Ku delits were incurred last year. They left the con- : nact at about the end of last Seji- ; tember, and hare incurred no debts', eineo then. Mis William's debt of £3olßs is ■■ for money lent, ; 'Vv : .-' ' ' Mr diaries Williams confirmed his ;farbtlier*s-Vstitpmenf" t ;. ancl'.Vsiiid.' • th'ey ; 1 had no ofier to make to their creditors, ' L Hfci ; aid: ; ;v-

MEETING OF CREDITORS, Estate of R,«I, Fitton,

:'. A meeting of the creditors' in the estate of.R. J, Fitton, was held in Old Courthouse at rio'on tbis (lay, the D Q.A. (Mr AY. B. Oheiinells), pre-' siding. . . ■'; The creditors present were Messrs IV G. Mason, G. Ht-ron. W,. Perry, and A. H. Hk'.hiway (proxy for sir Geo.Soaks).

.. ; f -The,'p.Q.A;' ruHd; a,-.s.i ateiapht. from the debtor in which lie asked tbe creditors to annul the bankruptcy on \ further payment of 3s 6d in tbe pound, winch would m'ukc a composition ot 10s in the pound. A statement of receipts and expenditure', in connection with the fslate was read.

Mr Mason proposed and Mr Hutbaway seconded that ■ the proposal of the bankrupt be accepted, and that the 'As9igiieetbf> in'str 11 cted not- to oppose the apjdic.itiet) for disdiarg».

• Mr W. l'errv and M r Heron said, die/, were opposed to .tlio. 'resolution,; The motion was carried. ' . The Assignee stated that a meeting ■vould bo held in about a fortnight's lime to confirm ■or. reject the reaolu-