MEETING OF CREDITORS.

Press, Volume XLVII, Issue 7540, 2 May 1890, Page 3

MEETING OF CREDITORS.

RE JOSIAH WHITE. The first; meeting^of the creditors in the estate of Josiah White., storekeeper, Linwood, a bankrupt, was held at 3 p.m. yesterday at the office of the Official Assignee, Government Buildings. The creditors present were Messrs W. Matthews, G. Paling, P.. N. Ward, T. J. Gee, F. Trent, W. J. Neate.

Mr Kippenberger appeared for the creditors and Mr Slater for the debtor. The bankrupt's statement showed unsecured creditors as follows;—Fletcher, Humphries and £24 5s 2d; Trent Bros., £25; P. N. Ward, £10 15s 7d; Geo. Paling and Co., £16 7s 6d: W. J. Neate. £10 9s 9d; Hancock and Co., £8; C. W. Turner, £6; W. Chrystall and Co., £1 16a; Autsebrook and Co., £1 18s; Faith and Co., £2; Sclanders and Co., £2* 13s: Griffin and Co., £6; Mathews and Co., £12; T. J. Gee, £22 2s; Scoular and Co., Dunedin, £56 9s ; Geo. Bonnington, £112 a ; Nelson, Moate and Co., £5 8s; Howard and Dartnell, £7 7s; total £220 3s. Assets were, book debts, £150, estimated to produce £50; cash in hand of police, £28 14s; watch and chain in hands of police, £20 ; total, £98 14s. Deficiency, £121^s. The following statements were made on oath to the Official Assignee :— Sarah White stated—£ am the wife of Josiah White. I was married in Auckland at Christmas, 1887—two years ago. My. name was then Richardson. My first husband died in 1886. I received about £300 out of my former husband's estate. I deposited about £140 of chis sum with the Bank of New. Zealand in Auckland, and it remained there until my marriage with White. I had no family by my first husband. Besides the money in the Bank I had £150 on my second marriage. Imme-i diately after that we came to Christchurch, and bought Lavery , ? business on' Oxford terrace. I lent of my money about; £150 to pay tor this business, and part of the balance (about £100) I paid into the Post office Savings Bank. , I have not the book. The clerk asked mc when drawing the balance if I; was going to take it all out, and I said) yes, an I required it for the business. We were at Oxford terrace months,: and then moved the business to Linwood. I advanced £30 towards the purchase of the Linwood house. White had, I-think, to pay £50 for the house. This exhausted ray funds. White said he would make over the Linwood property to mc to secure my money. At the cime I ttrst gave him money I stipulated that the money was advanced on loan. I will give the Official Assignee an order to investigate..my account'at the Savings Bank. I consider that my husband now owes mc £300. I sent away ' thirteen packages and a sewing machine. -I do not consider' the packages of much value. I have l still apouc, £200 in cash. My husband gave .mc four £50 notes the same day that Borrill settled. He said he gave ie to mc to, secure my rights, and that I was to take care of ic. My husband left on Monday, the 14th of April, in the morn-' ins.

Josiah White, sworn, deposed—l was married to Mrs Richardson in December, 1887. She th~en had about £300. 1 bor-, rowed money from her to pay for La very's stock, about £144, and borrowed other moneys from time to time, paying back: and re-borrowing. I think I now owe my wife £60: or £70. I kept no account of the money borrowed from her. I kept an ■account at the Bank of New Zealand, Christchurch/ The pass book is in one of the, boxed addressed to Melbourne. I received the money from Borrill, and paid my wife £200 the same evening and said to her, "That is something off the sum I owe you." I received £259 from Borill. I paid £200 to mv wife. I had £30 with mc, and 1 paid £15 to my brother Edwin, and to Wreaks arid Collie about £4. I sent the thirteen case? away , by express. I left by the train for Port Chalmers. I paid £4 10sfor my passage to Melbourne, and travelled in the name of Richardson. The list marked A is a list of my creditors. All my books are in one of the thirteen cases.

An informal meeting was held yesterday at the Official Assignee's office, previous to the general meeting, to consider an offer made by the bankrupt's friends to pay 20s in the £ if farther proceedings were stayed. The creditors almost unanimously agreed not to accept the offer. At the general meeting no business was done beyond reading the bankrupt's statement, and the meeting was then adjourned.