MEETING OF CREDITORS IN THE ESTATE OF JOHN M'INTOSH.

Evening Post, Volume XVII, Issue 311, 4 January 1879, Page 3

MEETING OF CREDITORS IN THE ESTATE OF JOHN M'INTOSH.

A meeting of creditors in the estate of John M'lntosb, licensed victualler, was held yesterday, at the grand jury room, Supreme Court House. About 20 creditors were present. Mr. J. £. Nathan in tbe chair. Mr. Brandon appeared for the creditors; Mr. Ollivierfor the debtor. The bankrupt's statement of accounts ibowed bis liabilities to be £2760, and assets £1609. Mr. W. Berry wts unanimously appointed trustee for the creditors. The bankrupt, John M'lntosb, then was examined by Mr. Brandon, and stated— l sold tbe Melbourne Hotel to Owen in June last, lie paid £1000 cash for the goodwill, and the stock, fixtures, &c, came to about £1500 more, for which he gave three bills at 4, 8, and 12 months. That was about £2500 in all ; two of those bill* have been paid already, the third is mentioned among my assets. I gave up possession to Owen oo Ist July. I have received about £2000 stare then. I paid the money away at different times to my creditors. I did not buy vessel* with it. Mrs. M'lntosh bought part of a vessel. She paid £1000 for it. I gave her part of the money (£100) to pay for it. That came from tbe sums I have mentioned. Ido not know where she got tbe other £900. I suppose it was from her savings. She had money in the Savings Bank. I cannot tell whether the vessel was registered in Mn. M'lntoeh's name. It was not settled on her. She bought it herself with £900 of her own money and £100 which I gave her. I drew against the bills received from Owen, and paid several debts out of the proceeds. I cannot say how much ; my bank-book will show. I ; did not bank the £1000. Mr. Nathan had £100 of it, and tbe rest I paid debts with. I never knew I was so much in debt as I am. I don't know what they did with so much drapery. I cannot say why Mrs. M'lntosh did not pay the drapery bills, having £900 in the Savings Bank. I sometimes went to her for money when I wanted it. I never had more than £5 myself. Mr. Nathan used to send down every morning for all the money I took. He said I was foolish to keep any money in the bank, and he would be my banker, so he charged me 2J per cent for receiving my money and 2J per cent for paying it away. Going down South cost me £150. I went to look after another "spec." I was not "doing it fla«h." Mr. Brandon explained that certain moneys had come into bis hands from the estate of Mrs. M'lntosh's father long before M'lntosh sold the Melbourne Hotel, and he had an order from M'lntosh to pay over to Mr. Nathan all meneys received from that estate, he had paid tbe money over accordingly, as he was bound to do. Since then, however, he ' had received notice from Mrs. M'lntosh and others to pay over this money to the trustees of Mrs. M'lntosh. The question, therefore, would have to be decided by the Supreme Court, as to who was entitled to these moneys — Mrs.M'lntosh's trustees, Mr. M'lntosh's creditors, or Mr. Nathan. At this stage tbe meeting was adjourned.