MOTION LOST.

Auckland Star, Volume LXIV, Issue 283, 30 November 1933, Page 10

MOTION LOST.

BANKRUPT DENTIST. RESOLUTION OF SYMPATHY. QUESTON Or BELL OF SALE. A motion to facilitate the discharge of J. A. Grayson, dentist, formerly of Newmarket, from bankruptcy, was not carried at an adjourned meeting of his creditors this morning, though of the five present, four voted for the motion, and one against it. Bankrupt's deficiency was about £1060. At the first meeting, held on November 20, no resolutions were passed. Discussion took place this morning concerning the statements that the full amount owing for rent was not included in bankrupt's statement, and that a motor car had been included under a bill of sale made out by bankrupt to his wife.

In reply to a question concerning his rent, bankrupt stated that he had not realised exactly how much, was outstanding, and that also the amount in respect of his erstwhile partner was included. The Official Assignee, Mr. A. \Y. Watters, commented that while the amount shown was £37, the real amount was £470. It was difficult to see how - bankrupt could have paid any attention to his statements, and not realised that such an amount was outstanding. Mr. W. H. Eeady questioned bankrupt concerning the bill of sale. "A bill of sale was given to your wife at the same time as you approached the Newmarket Borough Council for relief from rates? You knew that if you did not get relief you would have to become bankrupt." Bankrupt: Not at aIL 'Mr. Beady: You say so in your affidavit to the Court. "Do you think it was a reasonable tiling to give security for the whole of your assets to your wife when you had other creditors outstanding?" Mr. Eeady < asked. Actions of Syndicate. Bankrupt: I gave nothing to my wife to which she was not entitled.

Mr. Ready then explained that the syndicate had helped bankrupt in hie difficulty. The premises had been rented to him and to his partner at a rental of £9 a week, increasing to £10. Bankrupt had sub-let hia premises at £3, leaving a rental of £6. When he had approached the syndicate for relief the syndicate had informed him that whatever relief it received from the Government it would pass on to Mm. The syndicate had helped in the matter as much) as it could. Mr. E. J. Terry, for the Newmarket Borough Council, said that no one had forced bankrupt to file. He had done so himself., Mr. E. J. V. Dyson: No one could have blamed bankrupt for filing when he did. Representing one of the largest unsecured creditors, who viewed the bankruptcy as due to Mr. Grayson's misfortune, he wished to move a motion of sympathy asking that his discharge be facilitated. "I oppose the motion," rejoined Mr. Ready. "Bankrupt made over the whole of his assets to his wife when he knew he was going bankrupt." The motion was declared lost. : J - Mr. Watters said that he intended to go on with the collection of |he book debts, and to investigate the matter of the motor car.