A WARBRICK'S BANKRUPTCY.

Auckland Star, Volume XVIII, Issue 267, 12 November 1887, Page 2

A WARBRICK'S BANKRUPTCY.

A meeting of the creditors of A. Warbrick was held at the office of the Official Assignee yesterday. The Assignee explained that the bankrupt had written on the Ist insfcsaying that he . had failed to raise money to comply with the resolution passed ab tho previous in*. He found that he could neither sell no°r raise money legally on his interest-in native land, but had offered-it to the Government through Captain Mair. He had no means to attend the present. meeting. The Assignee also explained that Warbrick had been examined on the 13th Oct. re boat, said to have been sold by him m September. The correspondence and affidavit forwarded by Mr lay lor, ot Rotorua, through Messrs McArthur and Co., were also read. These papers referred to the boab transaction and the affidavit by Te Rapanui showed that the following sums wero paid into the hands ot Warbrick in payment for the boat: on September sth, 1887, £25, and on September 6th, 18.37, £36 15s; total, £61 15s. The letter from Mr Taylor, dated November 9th, indicated that Warbrick's statement re losses by tho volcanic eruption were false—that he had made more than ever fduce the eruption. Last March he had received as much as £64 10s. The creditors present expressed dissatisfaction with the debtor's conduct, and were not disposed bo let the matter drop. Ihey deemed that tho boat transaction was not clear and required further investigation. On the motion of Mr Clendon (representing Mr Cunningham, the principal creditor), seconded by Mr Shelly, it was resolved, " That this meeting be adjourned till this day fortnight, and that tho debtor bo summoned to be in attendance on that dato to be fucther examined on oath, and also that an affidavit be obtained from Herbert McDonald in reference to his transaction with the debtor."