DECEASED ESTATE.

Press, Volume L, Issue 14907, 4 March 1914, Page 2

DECEASED ESTATE.

ADMINISTERED IN BANKRUPTCY

The first meeting of creditors in the bankrupt estate of Hose Adelaide Lawrence, deceased, wr-s held at the Official Assignee's office yesterday.

Mr Hunter-appeared for the administrator, Albert Lawrence, and there were five creditors present.

The statement as prepared by the administrator showed:—Assets: Cash in hand £2 19e, eale of furniture £25 ios, half share in house property, Lichfield street £750, house Lichfield street £400; total £1178 14s. The liabilities were:—Unsecured creditors £391 5s sd, secured creditors £897 16s Id, total £1289 Ls 6d, leaving a deficiency of £110 7e 6d. The principal unsecured creditors were :—Amun Butchery Company £14 7s 9d, T. Harper £29 11s, John Hall and Co. £6 19s 2d, Strange and Co. £7 18s 7d, Dr. de Renzi £10 ss, Dr. Pairman £9 9s, Langford and Rhind £15, F. D. Kesteven £113 17s 6d, Christchurch and St. Albans Co-opera-tive Money Club £100, Mrs Power £5 ss. City Council rates £44 9s Bd.

The secured creditors were:— Executors of T. J. Grierson £477, Canterbury District Ancient Order of Foresters £315 16s Id, Sheppard's estate £105; total £897 16s Id. The Official Assignee said there wae net much prospect of the creditors getting much out of the land. One property, valued at £450, carried mortgages totalling £400, and the other property in Lichfield street, valued at £1000 carried a mortgage of £900. He added that the freehold properties were situated in Lichfield and being in very poor repair all efforts to sell them were unsuccessful. As the properties were at present it was a hard matter to turn them to satisfactory account, and the prospects of the creditors obtaining any benefit' out of them were very poor. The furniture had been realised by the holder of the bill of sale. and it was doubtful whether any benefit would accrue to the estate from that asset. He undertook to make the best arrangement possible with the mortgagees. The estate was left in the hands of the Assignee.