MEETING OF CREDITORS.

Wairarapa Daily Times, Volume XV, Issue 4473, 18 July 1893, Page 3

MEETING OF CREDITORS.

Estate of Oarey and Co. A meeiing of creditors in tho e=t ite of Messrs Carey and Co,, was hold yesterday afternoon. Mr Pownnll nppoared for tho debtors, Mr Beard for certain oreditors, and Mr Bunny on behalf of the Official Assignoo. Tho following is tho statement filed: —Assets-Stock in trade, £128; surplus from securities in hands of scoured creditors, £25; total £l5B. Liabilities —G. Bartlett, £1 7s; fJrunnotton, £4; Edmonds, aenr., £G 7s, B. Douglas, £1 Is; G. Torry, £4 2s Gd; Mills, £i 17» Gd; T. Bringham, £2; It. Ncwith, £2 ss; W. Nowcomb, £1 Hs; 0. Smith, £2; Edmonds, junr., £3 Is; G, 4sUd;L. Hannmi, £1 las; W, Conway, £2; John Udy, £4; W.Udy, £18; Wright, £l(i; Liivera, £22; Skoy, £7 10s; Wairarapa Farmers' Co-Operativo Association, £ls; T, Watson, £G; 0. Smith and Co., £5; P. Roys, L 3 183; A. McEwen, £C; T,Mwnis,£B 2sM;T. Uiirslem, £3 If; A. Braiifit-kl, £3 7s; G. Ennby, i3los; E.W.Mills and Co., £8 8s; W. Hercock, £2l; J. Johnston, £l9 19i 9d; M'Guinness, £1 8s; W. Carey, seur., £8 Os IJrl; Perry Bros, £7; W, Neill, £«; J. Graham and Jo., £1 18i; B. G. Williams, £5 4s; 0. Ewington and Co., 7s Gd; Dudson, 8s Gd; Nelson and Co., £2; Nowl.cn; and Co., £2 ss; Hanson, £lO 2s 4.\d; Sievc-t, IBs; McLachlan, Ms; F. Feist, .£2 ls8d; U.S. Izard, £1 lis Gd, Beard, Gs; W. Iggulden, £2. Toial—£2s9 16s GJd, A. S. Patterson and Co., of Wellington, are secured for i'GO, tho auiuunt of their account bwng £BS. Willimu L. Carey, under minimition, said the statement produced was a correct Oil''. Mini been cngug (I at with his brother and another since about tho beginning of January. Herbert Sonnies w.is the Otlior partner. The firm carried on JBttsTWSs on property loused from Mr Udy for twelve mouths from February last. The rent was to bo £25 per annum, to be increased if an addition vas not made to a whare on the property. Had signed nn agreement giving a lien over the machinery to Messrs Patterson for tho sum of £BS. The machinery was worth quite £GO, it having originally cost pretty well £IOO. The partnership had £lO5, which was put into the business. Had nothing else than his share, Knew nothing of tho position of Sonnies, who left them a few months back. Heard he was in Christchurch ahout a fortnight ago. Thought the £319 Shown in the statement was all monies received, Kept ft banking account for a short time only. 'Hie business would have been right enough but for the floods. Forty-eight touß of (lax was stripped in Febmary and only ahout a ton of it dried owing ' to bad weather, About two tons of flax were lost shortly afterwards by a flood. Four or live floods occurred since April and the loss by them had driven them into tho Bankruptcy Court. Had paid the credit of £42 to his father because the money had been owing a long time and his father wanted payment, No other firms handled their flax excopt Messrs Patterson & Co. and Mr Stales. By Mr Beaid: Could sot remember everything, but as far as the debtor knew no one but the firms mentioned ever took any of their flax. Thero was no deed of partnership •jjJienSoames joined them. An ugrlerffijf bad been drawn up by Soames when he left them about thieo months ago, As far as witness knew Soames took nothing away, except six pounds which he had to pay bis expenses. Soames bad no need to go out uiilbbs he liked. A dissolution of partnership was never advertised. Had been expecting Soames to return up to within a few weeks of their bankruptcy. Knew nothing of Soames' private affairs, Had not kept any other books than those produced as far a 9 he could remember, Had no reason for not putting dates against the entries of payments made. Had never tried to clear out from his creditors. The £42 had been paid to his father by postal order from Wellington. At the time oi the payment had no intention of closing the mill. By Mr Bunny: Went to Christchurch to see Soames about the affairs of the mill and to endeavour to get an advance of money, Soames said he had not got any, so tho matter had gone no further. By Mr Pownall: Sole object in going to Christchujcb was to try and get money to carry on, In reply to Mr Burslem the witness .raid thero were three strippers and The stripped were L'ukotSd Booth McDonald machines. In some cases over four lons n day had been stripped. Kept the books but did not do all the correspondence. B. G. Williams wrote some letters on the firm's behalf, and by witness' instructions. Had given Williams money for Burslem, which Williams had returned when asked for it. ft G, Williams had simply been working for the firm and had no interest in it. By Mr Hercock: Only sent away twenty five tons as far as he knew, It might have been 26 or 27 tons but if Mr Hercock sworo that witness sent away 80 tons he swore lies. All the flax wa3 sent from tho Groytown Station, and it was easily ascertainable. Mr (Sivo Mk-A to ,innw tbe tota! of the time Messrs Carey had been in business, ane asked what the value of the last ship, menfc on June 2Gtli was. The debtor replied that tho .sun obtained was £SO, expended in pay' ing £42 to his father, £5 to R. G Williams, and the rest in oxpenses oi atrip to Christchurch. By Mr Board: Had never statet what wages ho would give to William! but reckoned to give him t shilling an hour, Did not kec[ an account of Williams' timo because be was in charge of four or five othei men, Had never had any accounl with any other, bank during his pail ni*4pj(£fs,d never had £7O in tlic Savings Bank in his life. Woulc sweat he had never told Burslem thai his brother was not a paitner, By a creditor: Had paid all bis money away, Believed that it migbl have been understood that the monoj for the last shipment was to be ex-Pifal-in w *s s ' Paid all he could and could not <fo anymore. Walter Carey, in reply to Mr Beard eaid he had boen a partner in thi business, but had not handled lh( monies until the last consignment Had never intended going away, but bad como up to pay tho hands. Hat borrowed altogether £Ol from bit father, Know his father was pait £\2, but did not know any mon about it, Had no money in an] savings bank. Had never bad any thing to do with tho books. Pattersor and Co, and Scales were the only onei to whom theyionsigneJ flax. If hi bad Tfanted to clear out, as sjatet

by Mr Horcook, was it at all likely he would have paid tho hands first. Mr Burslem:" Who broko into my whare." Both tho dobtorsindignantly denied | "breaking" into the whare, but Btated , Burslom had given permission to use jit. Tho Official Assignee suggested the ' advisability of ascertaining whethor Soames has any estate, and taking ' steps to secure it. It was apparent [ that Carey Brothers bad no esUto. J Mr Biirsloin suggested holding ' another meeting after furtherinforma--1 tion was obtained. Mr Hercock nsked if the meeting ' could not be held at Carterton. ! Tho Assignee said ho did not think 1 so. The meoting was ihon adjourned ' sine die.