Default

Default

Default

This article displays in one automatically-generated column. View the full page to see article in its original form.

MR T. MORRIN'S BANKRUPTOY.

4 ■ -■■- (MR PBBHB ASBOaU.TIOir.) '.--,. , Auckland, Jaly 9, The first meeting of the creditor! In the estate cf Mr T. Morrln; bankrupt, wm held to-day at the offislal Assignee*! offiae, The statement of the debtor wa^epud, and the following extract shows his position t —-" I carried on business, at . Auckland u merchant and Ironmonger In partnership with my brother, A Company (T. and S. Moirln and Go,) was than formed, la whloh I was s very large shareholdwi My shares, however, were oharged with a liability to m»ke good any loss sustained by the 0 >rapany through non-payment of debts due by the fitm of T. and 8. Morrln. and transferred to the Company. A large defiolt resulted under this head In ccnafquonoe of the depression- having severely affnoled large aoooants^ aid large snraa were oharged to my aooouqt with the Oompeny. My shares were, realised, and on the whole of my transaction with tha Oomp»nv I started a debtor to tfca fx eut ef £13 ; 19^ Hi Hi. From the establishing of the 0 >mpany till Deoamber last, *btn r roa'gned, I was Man*glng DlrfO'or of the Cocapany, and during that tine I w«9 not in bqejqm oq n» on ■■■-■■'■■ v - P-"

a&oonnt. At the Urne o< the focmaUoa of the Company I had large Inter* ata In landed property In the Waikato aud m the Wellington provlnoe, on wbiob. I *xpssded large auma la Improvement!, which proved entirely naremuaerative, and about two and a half years ago my■elf aod partners assigned the whole of the properties to the mortgageen. Mv liabilities, lnoladlng the debt tf £13,196 lit lid to tbe Company, nmouat 10 £17,33? 10j 4i ; the ualDcambered »sseu •re iaud, Bhip,jl»g. and Australian m ning thtreß, valued at £1605; other propeny, £105 ; totat £1710" There are also som* mortgtge properiUs to the valuu of £2000 bat no tqaitita are likely to retail iherufrom." _.

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item
Bibliographic details
Word Count
319

MR T. MORRIN'S BANKRUPTOY. Ashburton Guardian, Volume VII, Issue 2164, 4 July 1889

  1. New formats

    Papers Past now contains more than just newspapers. Use these links to navigate to other kinds of materials.

  2. Hierarchy

    These links will always show you how deep you are in the collection. Click them to get a broader view of the items you're currently viewing.

  3. Search

    Enter names, places, or other keywords that you're curious about here. We'll look for them in the fulltext of millions of articles.

  4. Search

    Browsed to an interesting page? Click here to search within the item you're currently viewing, or start a new search.

  5. Search facets

    Use these buttons to limit your searches to particular dates, titles, and more.

  6. View selection

    Switch between images of the original document and text transcriptions and outlines you can cut and paste.

  7. Tools

    Print, save, zoom in and more.

  8. Explore

    If you'd rather just browse through documents, click here to find titles and issues from particular dates and geographic regions.

  9. Need more help?

    The "Help" link will show you different tips for each page on the site, so click here often as you explore the site.

Working