MEETING OF CREDITORS.

Press, Volume LII, Issue 9005, 18 January 1895, Page 3

MEETING OF CREDITORS.

EE.JOS. MOFFATT. ,

The first meeting of creditors in.the estate of Jos. Moffatt, miller, Darfieid, was held at the office of the Offioial Assignee. ' yesterday. Mr Slater appeared for the •' debtor, whose statement showed as under:— , • Liabilities—Unsecured creditors £342 3s 3d, secured creditors £950, estimated value of securities £1500, surplus to contra - £550. Assets—Stock-in-trade at Darfieid . £52, book debts £25, surplus from securi* ties £550 ; total £627, and estimated surplus £28416s 9d. There were thirty-one unsecured creditors, those for amounts of - £5 and over being Dr. Inglie £5, Geo. King and. Co. £6, Slater and Son £16./ Scott Bros. £100, Kaye and Carter £18 17s 9d, Ashby, Bergh and Co. £13 Iβ lid,, E. Gaskeli £40, Mrs Tully £25, G/MeOUtefait - c £5 7a, R. W. England £14 16s. 2d, /, Selwyn City Council £10, — Dixon £7 3s 9d, Black, Beattieand Co. £5 5a sd, Phess Company £5, -r Judd £7 Hβ 33, — . :.' Manaon sen. £5 3a 3d, — Ede £7 6s 2d, N. Johnson £17 14e, T. Maude £645. -The , bankrupt's property consisted of lr 24p ; with mill, &0., Uorndon, also lease of water-- A 1 race with certain land adjoining the above, . Horndon, Selwyn County? estimated value £1500. The property is mortgaged first to * ' B, W. Mountforb £250, second Mre A. Dale * „- £lO0 r third New Zealand Farmers , Co- I operative £300, and fourth Mrs Hamilton -~ £300. . On the 22nd instant twelve months* V ' v interest would be due to the Farmers , Go- J; i operative Association. ' ' - • _• -' - The bankrupt* in bis statement, on oath , said he bad been at Darfieid since 1887, to, . which place he went from Annst. Be hed > -j £400 in caah and plant when he started. ■-~; Tbree years ago he found it wae necessary -■. to provide himself with e> roller plant or fail. In order to provide that, and meefe . ~! other contingencies, he borrowed £300 from . *\ the Co-operative Aesociatiob, and ~; £300 from Mrs Hamilton.- Since then hi -■. had done a fairly brisk trade, but the prio? , , of flour did not give much -profit on the ;■ price of wheat. "He was pressed- for sons* _ of his debts, and* finding he was opt ia ft t position to pay the interest that was falling , due, he filed, as this was the best time U : "_ dispose of the property., / , T '' After some lurcher examination, it was > ~ agreed that the property be submitted t0.,, -x. public tender and advertised in the locaJi '1 Donedin, Wellington, InvercargUl. and . Auckland papers; that the debtoc be allowed , . :■;, to retain hie piano ; and that -this, meeting , - considers the bankruptcy is the xesttlfe oi. <)•■■ circumstances beyond the ooacro!* '/.? and recommends that hie. .dtecharge, fee , .-, granted at the,earliea& dafe pbsaible. . ■• .';,';-

Gobsk Fraa -A small Roree fire in King street, Sydenham, caused the Lichfiela ■treet chemical engine to be turned out this morning about» quarter to three o'clock. A Pbetty TttOPiiY.—Mr M. Sandstein has io course of manufacture a very pretty ffold medal, which is to be presented to the Lancaster Park Swimming Club by a Christchurch uentletnan as atrophy forone of the Svente on the opening day. The medal takes the form of a shield, in the centre of which is the figure of a man in ewimming costume about to take a dive. The design ie remarkably pretty, and will no doubt Be Such appreciated by the lucky winner. Kaiafoi Bobough Conxonu-The ordi- _, rv meelinc was held on Tuesday. Pre-SS-ST.ff.yor (Mr * Fddwiek) and all Councillors except Cγ. Blakeley, to whom lew was granted. Letters were readFrom Commissioner of laxes, for information as to valuation list or ratine. From Treasury for interest on loan, £73. From Wain.akariri Harbour Board, intimating of an election for two members. From Public Cemetery Caretaker for extension of time to remove a crop Imved to. The overdraft was reported to \fl£S9o 3s lOd. Accounts, £20 2», were Dieted. It was decided to be guided in flxind the statutory half-holiday By the decision in Chrietchurch, though Saturday afWmoon was preferred. Mr Kennightwaa appointed caretaker of the public cemetery at a salary of £6 a year, and what he could make out of the crops. The Council then adjourned.