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JOHN RUSSELL'S BANKRUPTCY

In the Benkraptoy Court at Christohurch yesterday, John Russell appeared for publlo examination. Me Russell appeared for the Bankrupt, Mr Harper for the Official Assignee. Mr Harper s»id thai oertaln charges had been formulated against bankrupt. — Mr Kuseell objeoted to the admission of Official Assignee's report and contended that bankrupt's evidence could cot be used against him on a penal ohtrge, and bis Honor upheld these contentions. In examination the debtor, John Russell, deposed that he was a travelling draper, etc, When ha stopped at Astlbarton he hid goods the selling value of whleh would be about £800 or £900. Besldeß this he had £50 cash. His father-in-law and brother-in-law assisted him In the business. Witness opened a banking account • •-. th .« Bank of New South Wales, Ashburtcm, and at the Bank of Australasia. Witness 1 Uahllltles were about £600 at the, end of the year. When he started In Ashburtoo he did not owe any money, and had the goods as stated, «nd £50. When witness filed he had £570 worth of goods m the shop at Ashbnrton. Witness never had SBy books till Mr Millett joined him about a year and a half ago. The only book kept was a stook'book, as the purchases were paid for. Millett took the books away with him to England, because witness would not let him come m as a fall partner. Witness h«d been m the habit of dealing with the large wholesale firms. The business done by witness was all for cash. The debts would not amount to £20. The copy-books now produced were used by witness In his business after Mr Millett left for EDgland. Thay were mostly m the handwriting of witness Witness had a large bundle of advertising notes, whioh looked just like Bank notes, de showed them to Olarkson's people. Witness got them about eighteen months ago from Mr MaoNamaia, of the Queen's Hotel. They were advertising notes for som.9 whiskey distillery. They were about m witness' Bbop In Ashburton, and anyone conld see them the creditors had his goods and everything. They pressed him ineuoha way thht he gave up all. Had they left him alone he would have got them £1000. Witness went away dur n« last ye*r t'> Tasmania, During that time the Bbop, with the goods In it, wai locked up. He was away about three or four weeks altogether. He had no understanding with either his brother-Maw or father m, la*r as to what was to be paid to them. Cross-examined by Mr Russell — Witness had sued the father-in-law for £170 snd got judgment. He subsequently compromised the aotlon by paying £25, and then he went away to England, Millett expeoted money from England to enable him to go m partnership with witness. His Honor asked Mr Harper what he Intended to do. Mr Harper said the Official Assignee wanted to have the bankrupt examined publloly. His Honor said that the public examination as now oonstltu ed was a faroe. The fximiuatlon was adjourned until July 30 h.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AG18890717.2.10

Bibliographic details

JOHN RUSSELL'S BANKRUPTCY, Ashburton Guardian, Volume VII, Issue 2175, 17 July 1889

Word Count
509

JOHN RUSSELL'S BANKRUPTCY Ashburton Guardian, Volume VII, Issue 2175, 17 July 1889

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