Creditors' Meeting.

Daily Telegraph (Napier), Issue 5204, 26 April 1888, Page 3

Creditors' Meeting.

JUi JAMES DAVIS

A meeting of creditors in tho bankrupt ositato of James Davis, of Napier, buildov, was held at thes Court-houso this afternoon. Mr Dick appeared for the debtor. The statement showed unsecured creditors at £413 9s 3d, there was. one horse valued at £3 10s, timber £3 10s, two benches at 10s each £1, one watch £3 10s, furniture £20, one sash frame 10s, surplus from securities in harnls of creditois £239 13s, deficiency £141 Itfs Id. The bankrupt, examined, deposed he had been iv business in Napier for fifteen years. Tho ciuiao of his bankruptcy was through losses ou contracts. Had beeii lospg

mojity for the last seven years. Had been iv partnership with Sir Suaton, but that partnership was dissolved about eighteen months iy:o. Could not say what tho partnership owed at the time of the dissolution. Whuu they dissolved tho creditors accepted v composition. Had kept no books since the partnership. At the time of tho dissolution the firm's debttf wero probably about £80, without private debtn. Contracted for a residence. 10 rooms, for Mr 'Siivity at £UU'i. Lost between £05 and £70 on iji.it ('uiitract, the loss being through a wrong estimate, tbe building wan in the country wliuth wiis a giayf. ineonvenienco, and he miscalculated to a certain extent the (tmount of labor ro<[uirod for tiie Bid ),Wjt keep particulars of each contract, i Ivept a. i'xi'.k book, and could show where all the had gone. There wan a lioiise at Taradalo to Jn'.s wife, who had it oil dolerred i>u!yiup)}tj> fro«i Mr Tiff en. His wife had no monuy at iy! Oiify *bat which he gave her. 'S.'hc house eufit Ai>t"i, and tlio i jv.'f;t whicji was* paid' .yenWy wout ' UjWirffiE paying , ««' to ]\fr Tift'en. 'i{<*%■■s nothing to do with the house ; it belonged t* fej? ?^ e j «*"f & Bh>

could not pay the money he supposed the house would be seized by Mi Tiffen. Took another contract from Mi Tiff en at Greenmeadows, in which Mi Fryer lived : thought he lost on that contract. The contract was for .£570 on this house, but could not state the amount ho lost on it. Was present during the whole time the building was in progress. r His wife owned two sections at woodville. The land was purchased through his wages. About £8 had been paid on the two sections. (Left sitting.) "Warm wraps; fur-lined cloaks : cheviot, curl, Astrachan, and check tweed ulsters; also, ladies' stockinette, Astrachan, and tweed short jackets in new shapes. Neal and Close invite inspection.