CREDITORS MEETINGS.

Press, Volume XLIX, Issue 8357, 16 December 1892, Page 6

CREDITORS MEETINGS.

RE FREDK. STEVENS. The first meeting of creditors in the estate of Fredk. Stevens, of Rangiora, coal merchant, was held at 11 a.m. jeaterday, when there were five creditors present. Mr Spackman appeared for Mr Ivory, and Mi Hill for the bankrupt. The bankrupt's statement showed unsecured creditors £jJ74, of which Geo. McOlatchie and Co. £137, W. White and Co. £40, and J. B. Sheath £2Sj wore the largest. Tho eecuted creditors were A. Ivory of Rangiora, who held a mortgage for £320 over half an acre in Ivory streeo and 20 perches in Herbert, street, Rangiora, valued at £220, also by lien over carrying plant for £100. The Permanent Inve>stmcnt Association were secured for a debt of £150 by a mortgage over a quarter-acre in Ivory street, valued &£ £230. The assets were surplus £rom securities, .£200; stock-in-trade, £200; book debts, £300; furniture, &c, £29? total, £729, leaving a eurplus over liafcilifctes of £454 Hβ. Alex. McCraeken soot ift a claim for £81 4s 6d, and Mr Sp&ckmaa stated that Mr Ivory's total claims ftg&iuaS the eatate, as shown by the balance of payments in excess of receipts waa £2354, uaa explained how the claim was made up. The bankrupt in hie sworn statement end he had been a coal merchant aud carrier Jβ Rangiora for fourteen or fifteen years, aca started with £20 or £30, but owed SSOtot the goodwill of the business, which h* had bought from E. Murfit, In 183S he had given a bill of sale t* Mr E. Ivcry over stock-in-trade »»» book debts for £108 12s, and iattbm advances. The bill contained a power «l attorney, by virtue of which on Jtfovensw* 16th laat Mr Ivory executed a I™™*? security in his own favour for over £10w, and th<i first the debtor knew of it was seeing ii; in the Gazette laat Thursday weos. Mr Spackman eaid that Mr 1v0r35 relinquished all rights under the bill of saw as at present advteed, as it had not been W existence the neceaaary three months. . After the bankrupt had baen l artbe? examined, it was decided to leave w estate in the Official Assignee's hands to lw wound up as soon as possible.

RE WM. OWENS.

The first meeting of creditors in tha estate of William Owens of Christchurcfe, labourer, was hold at 2 p.m. yesterday. «•*■ Burgssa appeared for the bankrupt. I»c*fe were seven, creditors present. The baDl£» rupt's statement Bttowcd unsecured creditor* £157 12s 7d, and there were no vbAU. The chief creditors were—Dr. 1. v ' Guthrie £17 16s, Dr. Anderson £25 ba. The bankrupt's sworn statement was vs the effect that he had been in the employ <« the Railway Department for seventeen or eighteen years, aud for seventeen yea r3 , ,, ! , r rclided at Lyttelton. He attriDUted W bankruptcy to long-continued illness *n ma family, which had resulted !».-««g- 3 hind in 1882, and ho had never recover himself, aa he had to pay »*_»"H"! for medical expenses and medicine vm to some representations that had be»>»w as to his position, he had been compel!-** ** resign his position on the »«*»*,-, November 10th. He now lived »-*>«g. ham, two children died in June last, «v» three were living. , . m After a number of questions had *» asked as to how tho bankrupt had Wff/Z money, it was resolved that the left in tbe hands of the Offldal AWgJ and if he found it necessary* » fttlW meeting of creditors could bo cam-*