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MEETING OF CREDITORS.

RE HENRY TOBIN. A first meeting of creditors in the estate of Henry Tobin, of Qaeeusbury, farmer and hotelkeeper, was held at Cromwell on Satur : day last. The debtor’s statement showed his liabilities to secured creditors to be L 833 0s 7d, and to unsecured creditors L 533 18s 7d total, L 1.366 l!)s 21. The assets are : Estimated value of property hold on mortgage by the Bank of New Zealand, LI,OOO ; bock debts, say LIOO ; furniture, farming implements, produce, sheep and cattle on Queensbury Farm, etc., L 1,004 ; —total, L 2.104, Balance of assets over liabilities, L 737 0s lod, The secured creditor is the Bank of New Zealand, and the security a mortgage on section I, block 9, Tarros, consisting of six acres, with hotel, cottage, outbuildings, etc,; also thirty-two acres, leasehold of section 2, block 9, Tarras. Total value of security, L 833 0s 7d; value of property, LI,000; balance over mortgage, LI6G 19j sd.

The principal unsecured Dunedin ‘creditors are Higgins and Gibson, L 63 ;W, Scoular and Co., L 26 14s 9d ; W. 0. Neill, LlO 13s 4d. Among the other unsecured creditors areTheyers and Beck, Alexandra, LOO ; James Scott, Cromwell, L4O ; George Mills, Wanaka road, LIOO, Messrs James Marshall and D. M'Kellar were appointed supervisors, and furniture to the value of LBO voted to the bankrupt. It was decided to hold a sale of the unsecured assets on the 27th inst., the day after the sale of the mortgaged property through the Registrar,

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https://paperspast.natlib.govt.nz/newspapers/ESD18890612.2.13

Bibliographic details

MEETING OF CREDITORS., Issue 7931, 12 June 1889

Word Count
252

MEETING OF CREDITORS. Issue 7931, 12 June 1889

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