BANKRUPTCY.

Auckland Star, Volume XIX, Issue 167, 17 July 1888, Page 6

BANKRUPTCY.

Joseph Edte made a sworn ■ statement before tho Official Assignee to-day. He said thab ho had been in this locality for about five years, and up to twelve months ago was employed in bakehouses and driving bakery carts. He saved about £50, and with this money took over a bakery in ParHell (where he had since carried on). Ho never succeeded in getting a paying connection, and consequently lost money. About a month ago creditors began to press for their money, and lately two or three of them tookaction for recovery; hencehis tiling. His debts, cxclus've of £180 borrowed, amount to £30 10s 6d. All that remains in tbe nature of assets consists of some book debts worth about £50 and a few utensils worth about £15. He also said :— " Last Sunday, when in daubbas to what I should do, under the pressure of creditors, one of them came and advised me to make all my gooc)s, etc., over to him. He said it would be the same as bankruptcy, that I should be allowed £25 worth ; that I could carry on i:i the meantime, and he would collectthcbookdebts.andseoaJUhecreditors paid. Aa one of the worst things I :ould do was to go through the Court, he added that as soon as I signed a paper which he produced, he would go round to all the creditors for their signatures' agreeing to take out the bailiff. Next 6ay, the bailiff being still in possession, I wanted to know the reason, and ho replied thab the bailiff could nob be removed until he (the creditor) got everything, and he thereupon took away all my trade utensils, a horse which did not belong to me, and- all the bedding and furniture except a few blankets and sheets, of tho total value of £15, exclusive of the horse. I have pnt these things down in my schedule, because I bulieve they were wrongfully taken away and belong to the estate stiil." J. C. Cairns. —An adjourned meeting of creditors in the estate of James Cooper Cairns was held at the office of the Official Assignee this forenoon. There were present: .The debtor, Mr S. Heskebh (for E. Porter and Co.), Mr Mantier aud his solicitor (Mr Cotter), and .Sir Wm. Wasteneys. A statement as to the transactions of the debtor for a period of years prior to his bankruptcy was pub in, and Mr Hesketh said it was impossible to deal with it offhand. After some further discussion it was resolved to adjourn till Wednesday week, at II a.m., when the mother of the debtor and severtl others with whom he had business transactions will be requested to attend.

Geokge H. Powley.—A meeting of creditors in the estate of George H. Powley was held at the office of tho Official Assignee this afternoon. There were present the debtor, Messrs Ivey (manager of the Bank of New South Wales) and Coleman. The bankrupt' 3 statement t-hows :—Unsecured creditors, £528 19a; secured creditors, £992 15s 6d ; less estimated value of securities, £1,028 0s 2d. Assets: Stock-in-trade and book debts, £95 4s 8d; deficiency, £433 15s Sd. Tho debtor stated thab he never gave a bill of sale over his stock, but had given a bill of pale over tho furniture. —The Official Aseignoe stated that as there waa no quorum present, any examination must be private. —Mr Ivey decided to proceed, and the Press representatives withdrew, by request.