MEETING OF CREDITORS.

Evening Post, Volume LXXIII, Issue 30, 5 February 1907, Page 8

MEETING OF CREDITORS.

A meeting of tho creditors of Harry Elton, painter, was held yesterday. The bankrupt, for whom Mr. Lynch (Skerrett and Wylie) appeared, Eubmjtted a statement, showing that his liabilities amounted to £408 lla 9d, tho principal creditor* being— H. Price and Co., £89 4g 6d ; Guthrie, fiowron and Co., £60 63 6d : H. Loveltt, £25; E. Meech, £25; J. Greig, £25 ; H. Cohen, £22 ; Best and Co., £21. Tho assets, consisting of stock-in-trade and book debts, are valued at £105 Os 9d." Bankrupt stated that in July, 1905, he took over the interest of his partner (Mr. Lpvott), the consideration boing £100, of which Mr. Lovett had received £75. j The business paid fcr a time, but owing to competition the profits fell off, and he tho incurred bad debts amounting: to £79. He. had worked at top himself, and had done all he could to meet his liabilities. Tho Assignee pointed out that the item "stock" in tho bankrupt's statement did not exist, as it had been swallowed up by two distraints. Tho stock realised about £35 — not sufficient to pay tho rent Tbo Assign co went on to say that the bankrupt ought to have filed a year ago. As some of the principal creditors were absent ho did not feel justified at present in deciding whether steps should bo taken against the bankrupt. The meeting was adjourned •me dio.

The annual geneTal meeting of the Wellington Chamber of Commerce will be held to-morrow. Luncheon will be served at one o'clock, and the business on the order-paper will be commenced at 1.35. The retiring president (Mr. 'G. ShiTteliffe) will deliver an addrp«s leviewing the work of the year, and referring to the commercial outlook. Soveral important motions, of which notice has been given, will be discussed. Meertß. Macdonald, Wihon and Co. will sell to-morrow, at 1.30 o'ejock, at their rooms, a collection of household furniture, etc., comprising the content* of a sevenroomed residence, removed to their rooms for convenience of lale; also furnishings to Bo sold on behalf of other vendors. Two advjrtis?menU aro inserted giving details. On Thursday the firm will soil at thoir . rooms two new upright grand pi»rto£by Carl Schumann ; also four pianos t *nd organ by various well-known makers,"dotula of which aro given. On the -same day the firm will «011, under instructions. from t&6 Collector of Customs, overtimo goods eocnprinng 13 cases toys and game*. On Friday next, at 11 o'clock (instead of Tuetdav, at previously announced), the firm will sell, at the xewdence of Mr. W. H. Kinvitr, No. 12, Kensington-Street, tho whole of hit household furniture, upright frand pitino, etc., catalogues of which aro ring propAt/uL. ' "' .