A CLERK'S BANKRUPTCY.

Dominion, Volume 1, Issue 175, 18 April 1908, Page 2

A CLERK'S BANKRUPTCY.

'An investigation into : 'jfcho' ti'nanciar"atfaixs ; ofWilliam 1 jM'Alley,l.a. ; clerkf'was ' to" have been' liold - oii , Thursday,'. V bqtV no creditors wore present. /Mr. ' JJ- -U. JUevvcy appeared for the . bankrupt, whoso'-: evideiiea 'wa's;takeiv by tbo^ssiguto^ creditors Mow lew- . a(idVf £275, j'Gortqn and jSen, 13ulis^£S(J0i(.;.Lano; PannGvirkp,'£l4s; ■ £37 j loan" arid MefcantiloGoV,; Wellington, £10S 3s:.;' Id:; ."J. J■/ / Patterson,.iVsoliqitc^Dannevirke, '£s,ototal,'' £9i4 Usj'> lij.' iiyerb no secured creditors, 'and iio":as^i;ts;. ■'In ii ■; wfitten' attributed his failuro. to .commercial during tho- years '■ 1895 •' to 1900,w0bl and stock having fallen'- considerably. He gave up his farm, at .Kangitikei • to'; the in December, 1900. '• For. a fqw years: after, .thafc,ho' was, a-commission-agent .'at. Daiine-virlie,'.-'and'/lie',.acted;■'to' a valuator for' tho CWdrnmeht Valuation iDSparthieiit; In June, 1904f lie; uiidortook'"'.thb management of a sawmill for his .wife, but this ended, in" a, bankruptcy in Juno, 4 1 J05. From" then. ho. did ./nothing! until .November, of tliat year,, when he joined tho Osmond :Buttor,. Timber Company at £3 per /sreoE Sinco March, •' 190?j . ho had ■ been engaged: b'jr th.9. AYestland 'Timber, Company. at; ;W ';per iveek,; which -had all . been, 'silent';: in. living'; bankrupt having a wife' and family to maii|ta/ii. lie bad been forced to hie, as one of his creditors had issued a judgment summons against hiitf. He had no books, and could itiakorio offer to his creditors. ;-. ...... f'.'.v---' Giving evidenco .on. his' behalf, debtor stated that whilo managing for liis. wifeVha ■ was 10 get £3, but he. only got £1 some weeks. . ,V 'i.he. Assignee remarked that he. was .not 'satisfied .with tlio conduct of, banlqiipt" Or his wifo in tho matter. . ,/., .i- ; '' r: . Continuing his,, evidence, ' M'AUey' stated that, with the exception of £15, the debts were all of sevoiv years' standing, aiid over. There was a bailment, over the furniture, given to LaYiniaU'atterspn, of, Wannoyirbo, for £29, of. which £19 was still due. r;/ ' Bankrupt , was ordered to supply .a- full statement of monov recoived and expended during tlio .last three years, the: statement, to bo ready by May 10. ■ i;:. .