MEETING OF CREDITORS.

Auckland Star, Volume XXIX, Issue 147, 24 June 1898, Page 2

MEETING OF CREDITORS.

A first; meeting of credilorH of Walter Gill, builder, was held yesterday morning, the Ollicial' Assignee presiding. There. was in attendance the bankrupt and his solicitor, Mr Wiilam Cooper, and the following creditors : —JL W. Smith, (i. J5. Matheson (for J. Reid and Co.), W. 11. Fox, N. Kandell, M. I,'osser, I). Goldic, Thos. Herbert, L\ Carlisle, !■'. Christmas, Win. McCutcheon (for T. and S. Morrin), Wilson (Wilson and Co.), K.Atkinson, Owen (for Carder Bros.), Bjndon (for J. J. Craig).

Mr Ljiwsou read tho sworn stai(>ment of banknipi, which showed Hint lie. had taken contracts, and they had resulted in loss. There, was. ;i deficiency ol! £150 11/8 in the estate according to bankrupt's statement.

Bankrupt asms examined by Mr fJolflie, am] said he had kepi, books since he. began business in Auckland on October (ith, 189(5. lie was further examined us to mortgages and payments made on a house erected on a leasehold section in Parnell, bought. by his wife. Tic said the lirsi, mortgage was .€IOO about three mont-ha ago, to fall duo in June, I BOS. A fresft mortgage for .-1:200 was then taken by ,I'arker, Lamb and Co. for timber supplier] and cash advanced. The cash was received on .lime II to pay off. the first mortgage. At that time lie-. owcrl Parker, Lnmb and Co. .C !s"> for materials. The house was insured in the. United Co. for ;C(i00. lie thought the place was worth at least £475. Tl)e sum of £."> 10/ had been paid to him Tor rent of house, which was now vacant. The .second mortgage, £29, was given to the D.S.C. about; a -week ago in consideration of goods .supplied 1o his wife. Mr (ioldie said he felt very sore. Bankrupt had got .-£JO4 of his money during the last (wo months, and he pointed out from an account of E. Porter and Co. that bankrupt had been able during that period to purchase a, cake basket and biscuit jar at the expense of his creditors. Bankrupt said the articles wero given away by his wife as presents. After discussion it was resolved on the motion of Mr Herbert, seconded by Mr licndell, 'That supervisors be appointed to assist the Official Assignee in realising the estate, with power to take such action as they may deem necessary to recover 'the Parne.ll property, and if deemed wise after investigation report to the creditors if any action can be taken aga.in.sl, the debtor under the penal clauses of the Bankruptcy Act.'