BANKRUPTCY.

Dominion, Volume 3, Issue 642, 20 October 1909, Page 5

BANKRUPTCY.

A 'FARMER'S ESTATE." •''" : '.'. i A meeting l of creditors in-the estate of James Ferguson, dairyfarmer,. Nai' Nai, Lower Hntt, was ; held yesterday morning in tho Official Assignee's office. In his statement, bankrupt set out that he went to.Lower Hntt in June, ;1906, ; taking up J.-Johnston's property of 5i acres for a five years' lease, of a 1 rental of- ,£IOO per -annum,

and rates, With the lease ho took over farm .' implements,'stock, etc.; for JBIOO, the money.to :.:' , be. toid; half ;in': 21 {years, and tho remainder ;■;;• in.fiveiyears'.' "Ho was'hacked by W. Talbot ..'■' to tho extent' of £50,. and' his own capital ■• amounted to £1 18s. 9d. In February, 1907, ho,leased, from the Government 143. acres, at":: a rental of ,£l3O, and rates: In addition to ''■; this, there was the cost of kcoping down gorse,:. and keeping drains in order, wluch amounted ; ; to JECO. During this timo he. had borrowed , : ..'•■ money up to £333. At the end of 190S ho , started a milk round with O. Jackson, but, in March,'"l9o9,-ho sold out his stock,. and; round, tho sale realising £200, which apparently went towards secured creditors. : '■': The assets were stated to bo nil, and the Vr amount owing to unsecured creditors was:' £107 9s. 4d. • ',- ■-■•- ■:"•... ,'•;.:.. . Tho unsecured creditors were as follovf:— ■'.';!■■■ C. Jackson, Lower Hutt, £57; Wagner • and •.".',";' Nohl, Normandale, £6; E. Sheils, Lower Hutt, £2-3s. 9d.; W. GuiUiams, Taila,' £3.155,; H, '■'■ '•"'': . Savage, Lower Hutt;' £7 3s. B<L; G. A., M;il- -""'■ vride, Lowor Hutt, '£fi'..9s. l ,6d..;;,N'etf Zealand-','' : Farmers' Company, Wellington,' £5 Vs. 'Sd. I V.I.C. StoroCo., Lower Hntt, £17 10s.;-.'H'"':•■. ,■ J. Salsbury, Stokes-Valley,' £2. Total, £107: ; :.: , 9s. 4d.' . '■•■ '■■:■ '• ■ • ..,•..,'. <-.iA ,--.. ■'-..■!:.'■- ..' ~';•■ i As there'was not a. quorum'present.'only \ ; -; , ono creditor attending,-the-Official Assigne'a ■ '■■; , (Mr. A.. Simpson) declared the mooting ao> .".;; i journed sine'die. ' ;•■■*:■• ■:''.••'■,...-';;