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MEETINGS OF CREDITORS.

RE BODGEE AND CEBEAE. A meeting in tne estate of James Rodgers and John Crerar, tailors, of Oamaru, was held this afternoon. Five creditors were represented. The bankrupts’ statement was as follows: —Liabilities to unsecured creditors, L 926 17s 10d. Assets: Stock Jn-trade, L 272 15s 5d ; horse and buggy, L 27 10s; safe, L 1 0; two sewing machines, Lls; book debts, L 473 3s Id, estimated to produce L 353 3s Id; cash in hand, LIS; furniture in shop, L 10; total, L 723 8s fid. Deficiency, L 203 9b 4d. The chief unsecured creditors are — Ding, Harris, and Co., L 297 19s 5d ; Gotfc Bros., Christchurch, L 97 13s 4d; E. Ackroyd, L 46 5s 2d; F. Snowdon. L 37 las 2d ; R. Jamieson and Co„ L3S 3d; Wilson, Mathieson, and Co,, Ll6 15s; D. Clarkson and Sons (Christchurch), Ll4B 19a 4d ; Oamaru Woollen Factory, L 49 11a fid; P. Orr, L 24 15s; Fleming and Hedley, L 63 3a 3d; A, J. S. Headland, L7O; Sargood,Son,, and Ewen, L 9 10s 7d; Brown, Ewing, and. Co,, L 9 14s sd.

Tenders having been opened for the stock* it was moved by Mr Pinker, seconded byMr Snowdon, and carried unanimously “ That Messrs Duthie Bros.’ tender, Ll4l* be accepted.” James Rodger, examined on oath, said that the business was commenced abouttwo years past. They got a guarantee; from Fleming and Hedley for I*2oo to .Blag, Harris, and Co., and that was the capital debtors had to start with. The only liability under that guarantee was L 63. He (Rodger)i personally owed Fleming and Hedley Lll2, money advanced for him to go Home about five years ago. His drawings had been L2: 5s a week, and Crerar’s L 3, or rather less, and he (Rodger) paid a good many travelling expenses. They had great difficulty in getting in accounts, but did not get into difficulties until about five months ago. It was resolved—“ That as far as the joint creditors are concerned, the furniture of Mr Rodger to the value of L4O be granted to him; that an allowance of L2 per week for three weeks to each bankrupt be granted conditionally on their giving all needful assistance to get in book debts,” Meeting adjourned sine die. EE CALDEB AND M'LAEEN.

The adjourned meeting in this estate, fixed for this afternoon, fell through, only two creditors putting in an appearance.

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https://paperspast.natlib.govt.nz/newspapers/ESD18891008.2.21

Bibliographic details

MEETINGS OF CREDITORS., Issue 8032, 8 October 1889

Word Count
404

MEETINGS OF CREDITORS. Issue 8032, 8 October 1889

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