BANKRUPTCY.

Auckland Star, Volume XVIII, Issue 25, 31 January 1887, Page 2

BANKRUPTCY.

Bankrupt's Statement.

Joii.n Mow", hciiiK sworn, said ho hid worked al sawmills for several veins, mid having £70 ho took Messrs Miiseflolil's mill at Mcrucr on a weekly rout of 10a. Worked tho mill with Umber obtained from settlers on Uic Waiknto ltivcr. When money was gone easily (jot credit; and all went ircll £or first three months. On the fourth or filth mouth the bankrupt nought about £400 worth of logs and paid &0 in cnsli, li avinn tha balance on credit. The mill was soon after wrecked by the overflow of tho river, and caused great loss and expense by taking away tho logs. Work wus rocununeneed on the litli oi October last, when tho bankrupt had hi 3 leg broken, and was in the hospital eleven weeks, and wus not now even quitu recovered. Tho Immediate causo of filinir was the pressure of one of the creditors, to whom a debt of £35 wa sowingl. Debts amount to £308 IBs Id, against ahbi'lH as follow : —[10,000 feet building timber, at (Li, f:lrQ\ -i r.,000 feet lojir. at Ms I'd, fill ;•>.■=; onl, fli'owi.od, Sc. £10 (!s: liny iiov.se. ,«i; cooking utci-.-.-iiu, £r>; hook debts, £511 10s Uil; tntai, ,<i:)l!i 7a JUI. Included in tho liabilities i.-i tho rent owing from tho comrnrtM-u----nif'Dt. Miiri/h Ist to Onto. IX woi-lu; ai .*::'. f.'X<; jiu'.l miiuliy w,i;,-..-1., .'.lOl !•! ■■:.» ; lot.il, f'JPO J I,: 2.1. The nri;.viM.il W wan a prff-V.it to ll.c hanhrupfs intended wife, from his father; the land war, purchased with the wilVs money, and bankrupt considered it her property. The furniture in tho cottage waa purchased by the wife before marriage.