MERCURY BAY FAILURE.
SAWMUXING VENTURE. CREDITORS MEET AGALV The adjourned meeting in t'i-> bankrupt estate of the Mahakirau Pawtnillin" Co.. of Mercury Hay. was held this morning, the Official Assignee. Mr. \V. p. Firiticr. presiding. Dr. "Vuhctt spreared on behalf of the corapunr. Mr. .T Ftnnton for a number of iTCillf.ors, end Mr. Burgee for Mr. Christ* .isen. The .schedule set dnwn The total TiaWlities lit , -4.-"Mti 0/7. while th- assets tr ?r e estimated as being; SO.DOO fivt of pine, valued at €2.200. 3r>.000 fe-t of =nwn timber valued at £313. and mill ooiT. etc.. £'_',(i">o. making a ratnl of £5.18.1. .After fiKt'-pr discussion on th? assets s= outlined it was decided nn the nvit!r>n of Mr. Sadirrove. ccci t led by Dr. Frtchett. "that tlie Official Assignee nith the committee already appointed and including Mr. Har~mt he am powered to negotiate, and if possible to conclude an arrangement with Mr. Ch'UleUijen in relation to the Mahakirau mill ard machinery and if possible to dispose, of the other assets in the eetau-."" It wai r.ko decided that a statement of receipts sni expenditure be prepared and submitted to .i later meeting to .al'.ed 1/v the Official Assignee.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19211128.2.69
Bibliographic details
Auckland Star, Volume LII, Issue 283, 28 November 1921, Page 7
Word Count
198MERCURY BAY FAILURE. Auckland Star, Volume LII, Issue 283, 28 November 1921, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in