MEETING OF CREDITORS.

Dominion, Volume 1, Issue 125, 19 February 1908, Page 9

MEETING OF CREDITORS.

A. .meeting of creditors in tho estativ nf Arthur.Whciitldy, settlor, of Wellington, was held before ,»lr,,A.- biinpson, Deputy Official Assignee, .vesterday. , Mr. PothWick appeared lor. tho bankrupt,. and. Afr. M'Grath reprefientccl Air. Lamb, one of the largest creditors. About tourteeh; creditors were'"prusont'.. J. he statement of assets and liabilities showed that the'amounts owin'g'to• nusecurod crcdlfl' 3<l'! scoured creditors, las; the estimated value of'tho securities was .set-: down at .83747,' leaving a surolus •to contra-of ffll'Ss,, and book-debts at IlO; total assets, . .52271 ..55., leaviug an estimated surplus oi J6I2M 3s. 9d. *i i stated, that tho. exact position of bankrupts affairs could not bo estimated until the various properties in which ho was interested had been valued, at selling rates Mr. M'Grath, on' beliulf of Mr. Lamb, suggested that tho properties bo valued. Ilis client was.-'prepared to guarantoo tho necessary) fee's, and in tho meantime tho proceedings might be adjourned. The Deputy Official x\ssigneo said that, as tho properties had to bo sold in any case, there was nothing to he gained by'tho courso suggested. They could arrivo. at:., tho same conclusion by calling for tenders. ]t was, then decided, on the, motion of Mr, Lamb, seconded by Mr. TJdy, that the meeting bo adjourned! until 11 a.m. on Friday, l February 28, and that in tho, ineaiitimo tho Official Assignee call for tenders, to closo on Thursday; lebruary 27, at noon, . The meeting then adjourned.