AN ACT IN BANKRUPTCY
(BI TELEGRU'II.— PRESS ASSOCIATION.) DUNEDIN, This Day. In Banco, Mr. Justice Sim gave judgment in the matter of John Gillies Patterson, of Balclutha, a bankrupt. Pat* terson had a Government contract for the carriage of mails. John Ernest Thompson, carrying on business at Balclutha as an import company,, was one of Patterson's sureties, to whom £40 was owing for stores. On 7th July Pat' fcerson borrowed £40 on the security of horses and buggies, and paid the money to Thompson. The Court held that thi? payment was an act-in-bankruptcy transaction, and therefore unprotected. An order was made for payment of the £40 to the Official Assignee, with seven guineas costs. '
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Bibliographic details
Evening Post, Volume LXXXVII, Issue 43, 20 February 1914, Page 8
Word Count
114AN ACT IN BANKRUPTCY Evening Post, Volume LXXXVII, Issue 43, 20 February 1914, Page 8
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