MEETING OF CREDITORS.

Evening Star, Issue 7320, 19 September 1887, Page 2

MEETING OF CREDITORS.

RE W. HOTOHINGS. A meeting of creditors in the estate of William Hutchings, of Dunedin, contractor, was held at the Official Assignee's office on Saturday morning. Mr Stuart appeared for the bankrupt; Mr Solomon for the Assignee; Messrs Macgregor, Sim, Kettle, and James for various creditors.

The Assignee remarked that before commencing the business of the meeting he would like to explain a mistake that had occurred in his office. His clerk had sent out post-cards with reference to the bankruptcy in the rume of " George" Hutchings iustead of William Hutching**. It appeared that there was a Mr George Hutchings resident in Dunedin, though he was not a contractor, and he (the speaker) could only express regret that the mistake had occurred. Immediately on discovering the mistake he had fresh po3t-cards sent out rectifying it. The bankrupt's statement set forth that his liabilities are: To unsecured creditors L 947 17s 2d, and to secured creditors L 8.082 18s sd—making a total of L 9.030 15s lOd. The following are the principal unsecured creditors : — F. Siedeberg, L 496 13s 2d ; Stewart, Holmes, and Denniston, LI 25 12s 10d ; Mutual Agency Company, Ll7 4s 9d; J. Fleming, Ll3 9s lOd; D. K'rkwood, L2O 6s; Logan Point Quarry Company, Lls 18s 6d; O. and W. Gore, Ll3 10s; J. Moir, LSB 12s; G. Grott, L 5 5; J. Black, L 24. The secured creditors are as follow: Murray, Roberts, and Co., L 2,316 (estimated value of security, L 3.650); National Insurance Company, L 2,600 (estimated value of seourity, L 4.250); D. Reid and Co., L 2.216 18a 8d (estimated value of security L 700); W. Kennedy, LSOO (estimated value of security, LI,000); J. Small, L3OO (estimated value of security, L 300); Bank of New South Wales, Ll5O (estimated value of seourity, L 150). The assets consist of book debts, LI 50 (estimated to produce H20); furniture, L3O; surplus from securities in the hands of secured creditors, L 1,567 Is 4d. The Assignee read certain evidence that he had received from the bankrupt on examining him, and it appeared that shortly before his bankruptcy—within one month—he had given two bills of Bale over the larger portion of his property outside of land. It appeared also that he had just before his bankruptcy given Ll6O to his father, whioh was a distinct fraudulent preference.

After some discussion it was resolved that the meeting should be adjourned till Friday at 3 p.m., in order that the Assignee might examine separately the various parties connected with the estate; no evidence to be published until the whole has been taken.

A few questions were put to tho bankrupt, and in reply he stated that he had sold his business on Thursday to h : s son-in-law, one Scott. He got no money for tho business. Scott used to keep his books. It was resolved to appoint Mr Siedeberg supervisor of the estate.