MEETING OF CREDITORS.

Evening Star, Issue 8119, 20 January 1890, Page 4

MEETING OF CREDITORS.

RE EDWIN JONES. A meeting of creditors in the estate of Lidwin Jones, gold miner, was held on Satur°®ce °f the Official Assignee. Mr Mondy appeared for the bankrupt; Mr Solomon appeared for Messrs Dawson and Dmklater and Fanny Wilson. F. M'Grath and J. M'Grath were also present, having proved in the estate, and several other creditors. The bankrupt’s statement showed the total liabilities to be L 562 I2s, the assets (consisting of cash in hand) L 303 6s 2d. The creditors, all of 7, hj ° m a ,*? " na , eo “ red . are: E. J. Bryant, L!9B ; M. Joel, L.85; F. M'Grath, L7B 7s: t L4B 7s ; D. Dawson, L4O 10s : J. M'Grath, L 3 2; C. Colclough, L2B • hanny Wilson, L2l los; Arthur, Ll3 8s: J. Kennedy, L 8 8s; W. M'Beath, L 5: W. Stenhouse, L 4 ss. The Assignee said the cash was in the form of a letter of credit in the hands of otout and Mondy, Mr Solomon said the position seemed to ne that this money was distributable amongst the creditors with the exception that two creditors said that they had preferenhal claims. These creditors would have to get the Court to establish their claims. A creditor said that steps were now being taken in that direction, ° In answer lo the Assignee, the Bankrupt said he had received several sums of money

from Home at various times, dating from about twelve months ago. Had heard that a considerable sum was coming to him from an aunt, and instructed Messrs Stout and Mondy to send Home for it. 1 fad borrowed about L4OO from Mr Benjamin on his expectations, for which he gave him an assignment to secure the amount at the r.i.c of 5 per cent, per month. The deed was dated October 24, 1888. Mr Benjamin had received L 470. Debtor had got also Ll7B from Mouat, for which he gave orders. Also borrowed L2O from Mr Colclough 'about eight or nine months ago, The money he got he spent in one way and another; had got married amongst other things. Had spent the money at races and one way and another. Part of the time he had been drunk, and did not exactly know what he was doing. He had sold or lost all the jewellery he had bought. He had none of it left, nor had he any property of any kind. He was at present boarding with Mr M'Grath at the Harp of Erin. His wife was living with her uncle. He had some deeds in his possession, but he did not know if they were worth anything. Several creditors said the debtor had told them that the deeds were worth a good deal. Mr Mondy said the deeds related to an interest in a farm in Wales, but he did not think there was any value in it. Had , given nothing into the custody of his wife. A creditor said he had given up a diamond ring to debtor’s wife a day or two ago, which was her property, and which she had given into his custody. The Assignee said the course that would be pursued would be that Messrs Stout and Mondy would get the money and bold it for a reasonable time till the parties who considered they had a claim upon it made that claim through the Court. The meeting then adjourned sine die.