IN BANKRUPTCY.

Auckland Star, Volume XXIX, Issue 228, 27 September 1898, Page 3

IN BANKRUPTCY.

(Before His Honor Mr Justice Conolly)

Applications for Discharge.—Frederick Duke Yong-e, application for an order of discharge. Mr E. Mahony appeared on behalf of the petition ingcreditors, Messrs Seegner, Lang-girth, and Co., to oppose the discharge. The debtor deposed he was in business for three years at Coromandel as an auctioneer. His clerk kept the books, which comprised the usual ledger and cash book. These were given to his solicitor to hand over to Mr Lawson. Witness never struck a. balance to ascertain his financial position. His bank book showed how the trust accounts stood. Mr Mahony submitted that debtors should not be encouraged to carry on business in such a negligent manner. He considered it came under the heading of misconduct. His Honor said he was really asked to act both as judge and jury in saying that this man had been guilty of misdemeanour. The discharge would be •suspended for six months and then granted.—-Arthur William Attwa.ter, application for an order of discharge. Mr Jackson Palmer said this was a sad case, and the man had since been in the Hospital and had his leg amputated. Mr Tole said the Official Assignee's report was not in, but would be favourable. His Honor granted the order of discharge, subject to the report of the Official Assignee being favourable. —Alfred H. Gentil, motion for order of dis charge. Mr McCormick appeared in support of the application. Mr Tole said the Official Assignee had nothing to urge against the debtor's , discharge. Itis Honor said this was one of those cases in which he felt bound to a certain extent against the wishes of the creditors. Here was a case of a man only earning 25/ per week who went largely into mining speculation. The debtor in his statement said that during the. boom he took up 20,000 shares, mostly in no liability companies, at a cost of about £550. The net return from these shares was £110, so that £440 was lost. The debtor's discharge was suspended for 12 months.