MEETINGS OF CREDITORS.

Evening Star, Issue 8482, 6 April 1891, Page 2

MEETINGS OF CREDITORS.

EE A. M'GKEGOB. A meeting of creditors in the estate of Alexander M'Gregor, of Dunedin, wine merchant, was held at the Official Assignee’s office this morning at eleven; present— Messrs J. T, Mackerras, J. Duthie, T. Kerr (Equitable Insurance Company), E. Holmes, and D. D. Macdonald. Mr Macdonald represented the bankrupt, and Mr H. Webb was also present. In the absence of the Assignee, who was engaged in the Bankruptcy Court, Mr Macdonald was voted to the chair.

Bankrupt’s statement was as follows: Unsecured creditors, L 202 2s 9d; assets nil. The creditors are: Mackerras and Hazlett, L 20 0; E. Holmes, L 3 2; G. Atkins, L 27; E. Carroll, L 2 4; Duthie Bros., L2l 16s Id; Dr Coughtrey, L2O; Fergusaon and Mitchell, Ll7 10s; Equitable Insurance Company, LI 6 6s 8d; D. D. Macdonald, Lls; J. Thomson, L 5; D. O’Connor, L 4; P. Hyams, L 4; Andrew Fraser, L 3; F. Oudaille, L 3; T, Fogo, L 3 2s; E. C. Reynolds, L2 16s; T. M. Wilkinson, LI 16s; Sooullar and Chisholm, LI 16s. The names of A. Bathgate and J. H. Hosking were also on the list, but no amounts wore set against them. The proper amount owing to Mackerras and Hazlett, Mr Mackerras stated, was Lll7 6s 4d.

Bankrupt, examined, said he was at one time a member of the firm of M'Gavin and Co. He left that business in 1889. He had been in business since 1877, carrying on as a wine and spirit merchant, and he had also been so employed since 1889. While a member of the firm he also carried on the business. He had got into his present position through losses, When he left the firm of M ‘Gavin and Co, he had about L9OO or LI ,000 to carry on business. During the time he was in business with M'Gavin and Co., and for some time after, the wine and spirit business was carried on by his brother Donald, who was acting for him. The wine and spirit business had nothing to do with M'Gavin and Co. When he left M'Gavin and Co. the wine and spirit business was in debt to Mackerras and Hazlett for about L9OO. Before that Mr M'Gavin had guaranteed to Mackerras and Hazlett L6OO of that indebtedness, and paid it. At that time Mackerras and Hazlett had some stock and some book debts as security. When he began business after he left M'Gavin and Co., and after the L6OO had been paid, he would have about L3OO. About February last year he gave Mackerras and Hazlett L 329 14s Bd, and then got possession of his book debts. Of that amount LIOO was in bills, which were paid. Mackerras and Hazlett had been importing whisky for witness, and that transaction was to settle his total indebtedness. After paying all his liabilities he had LSI in the Bank of Australasia. He was then clear of everybody. The book debts of his wine and spirit business had turned out very badly. The LBl had gone for goods. He had made L 938 worth of bad debts in the business. He was sued by the Equitable Insurance Company, in which he had 200 shares. They got judgment for Ll7, and a judgment summons was to be heard on the morning he filed. The list contained all his creditors as far as ho knew. Bankrupt became indebted to the Bank of Australasia in February, 1890, in the sum of L 250, for which Mr Mollison became responsible. Mr Mollison had to pay, and to recoup him the money bankrupt had transferred to him two sections in St. Hilda, and the trade mark of the Ben Maodhui whisky. The sections cost about Ll2O. At the same time he also sold Mr Mollison a piano. All Mr Mollison got would be worth about L2OO. Bankrupt had no property and no money. He had no offer to make.

On the motion of Mr Mackerras, seconded by Mr Duthie, it was agreed to recommend bankrupt for his discharge. The meeting adjourned sine die. BE AH SHE XU AND PING QUONG.

A meeting of creditors in the estate of Ah She Tu and Ping Quong, of St. Leonards, market gardeners, was to have been held at the Official Assignee’s office this afternoon, but lapsed for want of a quorum.

The statement showed:—Unsecured creditors, L2S7 6a 4d; assets, L 47. The principal creditors are : National Bank, L2B ; Haynes and Paddy, L 27 17s 2d; George M'Demid, L 2 4; Kum Goon Lee, L 2218 5; Chin Thing Parle, Lls 8s ; Joseph Manning, Ll2 10s; F. Meenan, Lll 3s Id ; O’Donnell Brothers and M'Mnllin, LlO 10a sd; Mee Wah, L 9; Mee Wah Coy, LBl7s 4d; Otago Gold Dredging Company, L 8; Bowden and Moncrieif, L 7 l3a 3d ; Lee Pun, L 7; Yee Nac, L 4 10s ; Nitnmo and Blair, L 4 9s 4d ; Ah Kan, L 4 8a; 0. W. Critoheley, L 4; On Wah. L 4; W. Kettle, L 4; Miohaelis, Hallensteia, and Farqahar, L 3 16s; J. Eablo, L 3 lls ; Wah Peon, L 3 10s 6d; o Keong, L 3; C, Stevenson, L 3. The assets .consist of garden, horse, cart, and harnefi.

The meeting stands adjourned until two o’clock to-morrow,