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MEETINGS OF CREDITORS.

RE J. L. WEIR. A meeting of creditors in the estate of John Lindsay Weir, of Dunedin, commission agent, was held at the Official Assignee's Office this morning. Mr Calvert appeared for the bankrupt; Mr J. Macgregor for certain creditors. There was no quorum of creditors present. The bankrupt's statement set forth that his liabilities amount to Lll7 13s Id and assets to L6O. W. D. Stewart is a creditor (secured) to the extent of L4O, and the unsecured creditors are as follows: W. Paterson (Puerua), Ll9 6s Id; P. Keddie (Balclutha), Lls Is 2d; A. Farquhar (Stirling), Ll4 10s; Dabinet and Young (Catlin River), Ll2 3s 9d ; R. Tulloch (Romahapa), L 8 5s 9J ; A. Anderson (Romahapa), L 6 18s lOd; Dunedin Coal Company, LI 7s 6d. The assets consist of furniture, valued at L2O, and surplus (L4O) of security in the hands of the secured creditor.

The bankrupt, on being examined, said that he received money for goods sold by him on commission for Farquhar and for Paterson, and the money went into the whole estate. He was in the habit of settling once a month, but in those ca3es he did not do so. He kept no trust account, and treated all moneys he received as hia own. He would not have got into his present position but for the fact that ho expected money from Home, and had gone into a speculation that turned out badly. He had a section of land that LBO had been offered for, and if the creditors took that in the meantime he had no doubt that the money (L 120) he expected from Home would arrive shortly and pay the balance off.

The Assignee said that the amount of indebtedness was certainly small, but the fact that the bankrupt had received moneys and deliberately used them for other than the proper purpose would make the case go rather hard for him when he applied for his discharge. There being no quorum, the matter stood adjourned till to-morrow morning. RE F. A. PIERCB. A meeting of creditors in the estate of F. A. Pierce, of Dunedin, commission agent, was held at the Official Assignee's Office this afternoon.

The bankrupt's statement set forth that his liabilities amount to L 97 5s Bd, and assets to LSS. R. Frances is a creditor (secured) to the extent of L2O, and the unsecured creditors are as follows: —G. Glover, L 22 9s; S. G. Smith, LlB 7s 2d ; Equitable Office, Ll3 53 lOd; Caledonian Society, L 10; J. Hardie, L 6 43 9d ; Dr L. Ferguson, L 5 5s ; Martin and Watson, L 4 4s 8d; Nelson, Moate, and Co., L 4 Is 6d ; J. Hamer, L 3 10s; H. Wilkinson, L2 10s; Speight and Co., LI 5s ; Produce Exchange Company, LI 5s ; T. Wood, LI 4s 6d. Mr E. Cook appeared for the bankrupt. Bankrupt, on being examined, said that he had been in business as an agent for eighteen months, and in the first year his profits on advertising at the Caledonian Grounds were about L 25. During last year he was laid up for sometime with rheumatic gout. Since January last he had been manager for Mrs Murphy, of the Excelsior Hotel, at a salary of L2 per week, and was still temporarily engaged there. He had a wifo and five children to support. Mr Cook made, on behalf of a friend of the bankrupt, an offor of a composition of Is 6d in the £.

It was resolved that the offer be accepted, conditionally on the share 3 in the Equitable Company held by the bankrupt being disclaimed.

It was also resolved that the bankrupt be recommended for his discharge.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18890513.2.9

Bibliographic details

MEETINGS OF CREDITORS., Evening Star, Issue 7905, 13 May 1889

Word Count
621

MEETINGS OF CREDITORS. Evening Star, Issue 7905, 13 May 1889

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