IN BANKRUPTCY.

Ashburton Guardian, Volume XXII, Issue 6484, 1 February 1905, Page 4

IN BANKRUPTCY.

ALLEGED ABSCONDERS. THE ASSIGNEE'S'REMARKS United Press Association —By Electric Telegraph—Copyright Wellington, Jan. 31 The creditors m the bankrupt estate of Adolph and Frederick NewmaD, formerly tailors, of Wellington, were called together to-day. " 1 nere is nothing m the estate," said the Official Assignee, "and the bankbook shows only a credit of 5s 6d."' ' It was understood that the bankrupts had suddenly left Wellington and taken certain Snoods with tham. They were supposed to have gone to Napier, but enquiries there failed to find a trace of them. They were sought m Auckland, but again without result. Thbir open accounts showed £148 and bills payable m February and March £358, altogether some £500. " It's a very undesirable thing to let those people go," remarked the Official Assignee, '• this is the second caso of its kind, aud if this sort of thing goes on, it will be very serious." comment was made on the delay which had taken place m declaring them bankrupt. Tha Official Assignee said that if the Judge had been here, he might have acted more quickly than the Registrar did. The opinion wa3 expressed (hat the Government should appoint some one to act; ia place of the Judge during the holidays m emergencies of. this kind. Ie wa3 decided to offer a reward for tho discovery of the carrier who carried bank« rupts' goods, and the meeting adjourned.