IN BANKRUPTCY.

Wairarapa Daily Times, Volume XVI, Issue 4946, 8 February 1895, Page 2

IN BANKRUPTCY.

ESTATE OF GEORGE DYSON,

Tho Deputy Official Assignee, (Mr W. H. Ohennells),%vas present nt the Pahiatua Borough Council Chambers yesterday afternoon for tlio first meeting of creditors in the estate of George Dyson, of Makakabi hotelkeeper.

No proved creditors were present. 1 The Deputy Official Assignee I merely examined the debtor, who i deposed on oath that he had been at ! Mnkakalii for seven months, and when he arrived there ho had £l3O. ; He had to furnish the house, which ' was empty when he went in. He also had to pay £25 for the license to Mr Smith. He spent £lO5 in furnishing at that time, and £lO , afterwards, He was paying £2 per. ■ week rent to tho Building Society under instructions from Mr Parrell's solicitor, in September. Ho only paid about threo month's rent, and they sued and distrained for about £4O. In consequence of this lie filed, he was also being pressed for an old Canterbury account of £22 odd for which judgment was obtained, When ho took the hotel he owed only £l4 to £ls outside tho district. He owed nothing more. He attributed his insolvency to dearth of business, He considered he had lost £3 per week since he had gone into the house. Ho had kept a rough diary showing receipts and expenditure since going into the hotel. Mr Sullivan's account was for liquor supplied when he first went into the house. Mr Smith's account was for law expenses in connection with the license. He had no offer to make tc his creditors. Noither he nor his wife had any property. When he went- in he purchased a bed and bedding from Mr Moreland for £3 odd. That was the only furniture in tho house at that timo. The turnover was only a few shillings a day, and he did not think the place a suitable one for an hotel.

The D.O.A said, the only course to follow was to sell tho furniture aud offer for sale the interest in the license. He was afraid there would be nothing for tho creditors, as it seemed the proceeds would not satisfy the preferential creditors, Mr Dyson was to blame iu not filing earlier, or before the sale was to have taken place by the bailiff put in by i the Building Society,-Miatua