A SADDLER'S BARKRUPTCY.

Auckland Star, Volume XLIII, Issue 102, 29 April 1912, Page 7

A SADDLER'S BARKRUPTCY.

.MEETING OF GEEDETQRS. A meeting K ,i ireditors m the estate oi i Newton Claud Fairs, saddler, Whaka.- ! ■ ta-ne, wa? held in th» oiScp of. the 'Jls- ' . ■la 1 Aseijnw ■ ii r. W. t. Fisher) to-day, j, Eifht (Teditor-= were present or repre- { and Mr. Harden ■wa.icjed the pro- ] , L-pp<i;Q*j.s on behaif <>i banicnipt. "w4>o was j jI-'j present. The Official Assumes pre-| ■ sided. "" I. Tap -ta'i-mPiit of bankrupt was to tins] effect Uia; fa" iuried a-- a saddler in i VVh.ika-taii.> ia Decembpr. 1910. His total . wre i ii. and he bad no cap}- j tal when li» started. Mr. Ealpii Brownl> ir"ha.-«'d a stock fur hail for i-SO. arc! i .'jHy in -lutip. lull, he took, a seenrity ! "■.vr thn stork for i:7D. the baianoe then : due by l>aTLknip« to trim. He w:ls th<» only I saddler in the t<TWTUiiiip when, li" nun-j men<*ed. and workini ap a faar l>iisin«s.-v ! iithoiish frfquentjT he had 1.-) work hue i .!' r.:ch;. another =;uid]pr «tirt«d , in a better portion Thaa Dankrupt. and : bankrupt's i>usiru>&= ocmnru'm'r-<i to tail ; away. For thp pa«st tifuv.n montb-.- n»' 'tad j b<. , n trou->flpd with his lanp.-. and had i bt'en. laid a.-«ip for threp weeks a,t a time, | ■ aJthoae'n thp l.ical dixrtor told h-im he i had co; 2it nmsujnpti"n. tic married • , in 'Vtabor. 1911. IU- vrn* Dpcanw ill.' and ■•:■■ had ha 1 to pay C:iT, for mediraJ . ■ itientiun. He ai:rfbated hjs bankrnpu-y i to the f.L.-: -ha:: he «-a.mpd too lanrp a ' sroek. and bad. through illmve. b*»en im- j able to pve proper aue.nuon to Ins j business. " . ! Thp statement of j.-i-njint.- »ho>wH j that the bankrupt'- !..ibi!it if* wr>rp p«j- | rr.aip-i a: i"+44 IS S. the pnn.-ir-al i-rPiLi-j t')r- '. *?iim Winpaii , . Ltd.. £ l-"> 14/3: i Knight. SiegpiD and < n. £+2: < 'muss.on I • Bros.. Ltd.. "£SI 14 .">: F. E. .lackaon and j ''<■>.. Xi 1 * 'l 11: Wc*iman :und ton*. .050! 1.5 4: Bra.p. Wyndlp. Blyih and ''0.. !. £7f> n !■!. r.tiaw and <"".. iIH 13 0; I R. .1 l:< .1--li and <V).. £IS 60: .T. M.- ! \': ; -;er. £10 16*1: T. -T. F.eminjr, £11.; The MSft.- were petimarpd at £ISJ • ]' l<l i'-.iiadinjr *i>ook-dpb' s . f>o. and j itiK-k j.'.' 01. 1 " , deficiency wjsl £K\l :, !ft , «... rmwxwnrf '-» I Th" r-ankrtrpt fu irnwxam nM '"■" , :•■.."" t.ii!-.' V-.-imPi'. Hp stated that when he emered !n;«ir.p*.* hp haJ no pra-- j Ural kno«'.>'djp i-f now ro roana£.-' sn.'fi "i' boi.-'.-v. H' bad learned ii < trxde ' ; rom nf (iporik:. Ail the, ■ t purE: , be re«-ived hi- paid into the . 'iank ly .-,,: «:[j,. ..; amoonts. ( IK-s wiii , :i.id pnper'y near " >r ° Uk " Ho • Jid not kr.oW .1-' value. j To a crt*d t.ir He i'..i i nc<pr mentione.! i ..'■- T-'or.er-v ml "V,- -.)L.ta:ni-i jrood* 01 A ,-,.,; tor- l< i: nor a i.i.; :har abon: • four w -..: k . .-,.. >;i -.ver. , :n '-• Whaka- : Uine Mote:, :'a- , n-_- i!«iii -i:' s, * ■ ■ ~ 40; j Bankr.i;>i liV ;i..t a f.ut. j An..-,- -r.MI.-or: ['orhap. .: *aa £ 00. J Tin- ounkra-- :• r.;.'.! th- a>zatinn. I The ( >fi- iai \--i'jrne.- : IV , ynu -i .lutely I -».-;ir th.it .»:'. :ne «t".-k y.iu h.*%e '■> j -..--.'d r 'i hi- ! '■■■n s'3id '.3 ! .TO !cjl uimatC ' Bankrupt: V'f s . I d ,l - j \;r. Rjxburn: No" -oil it a ?r-ertal ; rn!u,-tio:i ': ! lVaukr:;r.- V>. A , '.-,;.:..■■ li.ii.. V.i i not pa.d <>':' ij t .;> ; r ;''<.m tie p.Mik- -hnw you . i> Ki\.> reci-iTri': Ho* dv jou acc-cimt tor, thai .' ] Bankrupt: "Hi" money was probabiy mail" -n -mail rej>a:r-. To the A<»:srni«i>: l! rueun- that in six- ; iren month? you -i:iw> run up liabilities! imountins to £-l-> and f -> r mi«l of 'ho ; tijrf. yon were !inmo.rri»>il. j A c-reditor it.i the uflii-al A-ri-rm" , ,: j ' r\> you th:ni; ■:" m- kept gaffi-seat ' The « >ffK-.al A-^raee: The hooks ar- ; nothjn_ r i.k»" .id'ij'iat-'. b>l! i :h::>k tney are ;x-t .'n.jiijh :■> !,iv.. i:.m .•:*. "i • •rouble. ~ '., iiave Ii have very strong .Mr. F'.-'.i-r fjriiier rrmarkeii that m- ' i I"-~ -nm.-:h:n; .-\ .■-: ..->na' transpired he j;h.T,!; : it : ; :-.' v»;i- i.: - > doubt that the ! After :.:r':i"r • r i.-- •■x.unination nf ih.>: I'ankr'.ipi '-i : l\ik"n ; !.t. .-. : was ■!■•- , i. !'.'ed :!i.;: Mr. l:.n»iini. -m.. of the ere.i | it.T-. !■>• ."Ti;hi'\ er.-i i'> ■ ilP.iv the -t.M'k-l ,>';:.-.■• .hi r.i.ii the • >fli ■• il A--:_-n-e .-or.- j : fer v\;i:i Mr. t irm:<o:i. the Ur.'e.-: it»-1- ! ?:ock '■■' ihi" '.■<•-*. .inan'jje. ] i ———^^__