ALLEGED BREACH OF THE BANKRUPTCY ACT.

Wairarapa Daily Times, Volume XVI, Issue 4964, 1 March 1895, Page 3

ALLEGED BREACH OF THE BANKRUPTCY ACT.

This was a case in which the defendant, F, J. Donovan, was charged with three breaches of the Bankruptcy Act, under sub-sections 2,7 and 24, Mr Bunny appeared the prosecution. MrPownall for the accused. F. H, Ibhetson, Clerk of Court, called, producedand submitted bankrupt's petition of the 12th Nov., 1894, and being asked to submit the depositions of the bankrupt, taken at the public examination held in December, 189-1, said that no such depositions had been taken by him. Notes had been taken by the Judge only, which, if required, would have,to ho sent for. Was sure the depositions were not within the precincts of the Court,

llr Chonnells, the informant and Official Assignee, called, produced the minute book showing the statement of ovidence given by the bankrupt at the first meeting of creditors on the 21st of November, 1894, and signed by the bankrupt, also that taken upon the public examination of the bankrupt at the District Court held in December last. Also statement of liabilities and assets taken before the witness, as required by the Act, Frederick H. Wood, auctioneer of Greylown, deposed that he knew the accused, with whom he had had business transactions in the sale of stock, on two occasions selling the same to him on three-month bills, On the 7th of August, 189-1, witness sold to Donovan, 13 head of cattle and one horse, totalling an amount of £54 9s, receiving for same a promissory' note, with discount added, payable at three months from date, namely 10th November, 1894. At the time of sale, and prior to the same, witness had been interviewed by the accused, who asked permission to purchase £SO worth of cattle on a three months' bill. Informed the accused that an endorsement would be required, the accused replying that his father would endorse the bill, but thought that it was not necessary as all his stock was clear, and he was only owing £25 on a bill of sale over several horses. Was suro he would meot the bill as he had plenty of feed, and the stock he was purchasing, together with other stock,would pass through the hands of witness ■ before the bill matured, Asked accused for a reference to his banker,! 1 and upon these terms the sale-was effected. The bill was ÜBvermet, | Referred to accused's banker, and receiving a satisfactory answer, did i not ask for an endorsement of the bill, , I At this stage the Court adjourned until 2 o'clock, , ' .