CONCEALED ASSETS.

Auckland Star, Volume XLIII, Issue 142, 14 June 1912, Page 2

CONCEALED ASSETS.

CHAKGE AGAINST -^A3SKRTSPT. ti May, -iSIOTa acSedale "" of bankruptcy wa.s, filed with the Official A?r signee in. Auckland by Arthur Reginald Phillips,.,a farmer,'. of Hokianga. He state! that . his liabilities ' were g246, and set ..forth his assets at £33. e ;A of l/4i in the ■ £ was paid, and in Mar-ch of this year the bankrupt obtained his discharge, (^T 7 tain faeta came to- the knowledge of the Assignee, and yesterday he pro> oeeded -against the bankrupt,- in the naWB-of Arthur Reginald Phillips, -on charges of havinj? made a material omission in the bankruptcy statement relating "to fiis affairs, "and" of " having failed to discover to the Assignee aL( hla".assets. "-.'.:. ' ' . Mr.'sejwyn Mays an 4 Mr. Mulgan appeared for accused. Evidence was given by t>.. M. Greenwppd, tJerk, in Assignee's office, £%e>' Assignee had that bank* Tupt's B>ame- was- Arthur Reginald Plijljipi, pot Arthur Laurie . Phillips, and tjiafc at the time of his bankruptcy he possessed a lease of 170 acres at Ouet awi" a - Ueense " of fifty-five acres ai Omanaia. ■He also possessed 13 shares in the Hokdanga Co-operative Dairy Co-, Ltd. Kone of these, assets had been disclosed in bankrupt's schedule. On the 11th.inst. th_e Asaigneg.had.sold, the lease at One for £250, wrVh was sufficient to make the estate altogether 19/(5, in the A; . Roderick Campbell, Crown Lands Ranger., 'said that" in January last he had valued the -bankrupt's interest in the, Oue secikiii at £331 5/,. apart , from goddwilL StepheTi Henry Aircy, secretary ol the ETokianga, Co-operative Dairy said that bankrupt at the' time of his bankruptcy possessed 15 shares ia- the; company, and he had since acquired five more, the total payment on them "being £27... ..Since Octoiber, 1908, accused iad received £430 in. milk cheques, and he' now was the company's largest supplier'of milk.~ . Accused reserved his defence, and .Tvas '. committed to the Supreme Court for : trial; bail being allowed in o"ne surety ' of £-100. — .:"_;• - :