AN ASSET.

Evening Star, Issue 4952, 16 January 1879, Page 4

AN ASSET.

T.-J. . V •-»— 7-: The deflnition. of an “ asset” is thus. ire. corded by.;“ Atticns,” of the Melbourne * Lcfuler^:— A[ rather amusing question of what ar e available -assets arose in an English BankTnptcy?Gdur,t the other day, the’* result qt a hint that all insolvents ought td’take; A sleeping partner in a firm vvhiqh had suspended payment was questioned' Before the Coihmissioner of Bank rupt|cy-a3r,to his moans. Hepleailcd-that .for. yeaijs he had not a shilling. “Come,” said the solicitor to. the ,estata, ‘.' you look well ; taka plenty of exercise, I suppose?” “Yes.” “ You have, been able to get about better since c you poBSMScd, a cork leg Again an affinnativo from the witness. vfell,tell | the 1 Court what you paid for that the Cqmmisaiouer. but he was told it was a queatiori'he could easily answer.” “ Come,” said] tho solicitor, “if! keep you in the box all 4»y I mean to have an answer. Was it L 6 euiWM-it a: WOO.?’’ ‘‘ No.” Well,;fifty S' sas?” Still silence.Againthe'solicitor bo work, and the witness, badgered out of;, fdl patience, replied, at last “Sixty giimeas.” “And how long have you had ,thi« leg!” wad the next question; ” Only about tw,q days.” “ f So, then, you must have paid for ii after you'were’ served'with notice that were liable for the debts, of the firm yfith which’ you were connected ?” • ‘ 1 Yes.”' “ That will do, you can screw off your leg and] hand it over to the official assignee ; ! it constitutes an -aSset Of the ; firm:” The •w-ithesa left the box with ti y much clearer notion of the reading of thedaw of liabilities tha^i ©vek*he’had before. : .: I ..