MEETINGS OF CREDITORS.

Evening Post, Volume XVIII, Issue 2, 2 July 1879, Page 3

MEETINGS OF CREDITORS.

A meeting of the creditors of Jonas Back, tobacconist, was held yesterday afternoon, at the office of the trustee, Mr. T. Kennedy Macdonald, for the purpose of considering the application of the debtor for a certificate of discbarge The chair was taken by the trustee, who said that since his appointment he had investigated the affairs of the debtor, and endeavoured to discover if he had made away with any money or goods. He was, however, unable to make anything out of the debtor's affairs, as there were no books. The debtor had not kept any accounts; there was only a bank boots and some notes on pieces of paper. He had been told tbat Mr. Soulto, formerly in Back's employ, could give some information, in consequence of which he had seen him, but had failed to elicit anything. He had also received information that a case of goods from Back's shop was at the New Zealander Hotel. On the 21st ult. he went with a detective to the hotel, and saw the foods, which were claimed by Mr. Simon .owe, who boarded at the same house as the debtor. The case contained some choice goods, said by Back to bo worth £16, but he should estimate their value at nearly double that sum. Back stated to him that he gave £2 in cash and the goods to Lowe on the 14th April, and Lowe endorsed the statement; but Mr. Mountain said that the goods were taken to the hotel on the 6th May. He had consulted his solicitors —Messrs. Moorhouse tuid Edwards — who advised him to ticnt it hs a rrauuuient delivery' of goods, under clause 64 of the Act, 1876. He had caused the debtor's goods to be sent to the auction mart of Mr. Sidey, whero they realised the sum of £80. The debtor had set down his liabilities at £935 83, hie legal trade responsibilities were £635. The assets were two five and a half-years' leases of two shops in Cuba and Manners streets, set dowa at £50 each ; stock and fixtures, £100. The claim of the National Bank was, with interest, £126 103. They held secuiities to about that amount. WhethT the debtor liad made away with the moneys or lost on the stock it wa9 impossible to tell. He had systematically kept no books. It was for the creditors to decide what wa9 to be done with regard to Ihe case of goods and also in the matter of the application ot the debtor for his discharge and maintenance. Mr. Nathan said that there was a sum of £600 totally unaccounted for by the debtor- Mr. Baknr commented very strongly upon the different phases of tbo insolvent's affairs, and moved lhat his certificate be suspended for three years. The motion was seconded by Mr. Capper, but a being put to the meeting it was lost. The debtor's application for a discharge was then granted. The trustee was empowered to act as be thought most advisable with regard to taking action to recover the goods claimed by Mr. Lowe. The meeting then broke up. A meeting of the creditors of Mr. R. J. Duncan was held yesterday, for the purpose of considering whether or not the debtor's furoiture should be sold for the benefit of the creditors. There were only three creditors present, one of whom, Mr. J. H. Wallace, proposed that the furniture should be vested in trustees for the benefit of Mr. Duncan's children. Mr. Duncan spoke strongly against this proposal, and after some discussion it was decided to hold another meeting a week hence, when there would be a larger attendance. A meeting of the creditors of William Phllp, contractor, of Wellington, was called for yesterday, but the debtor did not put in an appearance and the meeting adjourned until Friday next, when if be docs not appear a warrant for his apprehension will be issned. The creditors of Mr. C Emmett, at a meeting held yesterday, agreed to accept a composition of 12s 6d in the £, guaranteed by W. & G. Turnbull & Co. A meeting of the creditors of Henry Best, accountant, was held this morning at the Supreme Court House. There was a small attendance and Mr. A. Boardman occupied the chair. The object of the meeting was to consider whether or not the deed of assignment proposed to be made by the debtor should be assented to. It appeared that since Mr. Best had called his creditors together he had filed a declaration of insolvency. On the motion of Mr. Jamieson, seconded by Mr. Waddell, it was resolved, "That the deed of assignment be not assented to, and that the estate be liquidated under the provisions of the Bankruptcy Act." At a meeting of the creditors of Beck .& Tonks, held this morning, it was resolved to allow the bank to realise on ihe securities held by them. A dividend of 6s was then declared. NEW INSOLVENTS. Peter Cowle, of Wellington, clerk; first meeting, 18th July. Win. Eb'len, of Wellington, storekeeper; first meeting, 18th July. R. M. M'Dowall, of Wellington, miner; first meeting, 21st July.