CREDITORS' MEETING.

Evening Star, Issue 13089, 23 October 1908, Page 4

CREDITORS' MEETING.

RE R. F. THOMSON. A meeting of creditors in the bankrupt estate of R. F. Thomson, farmer, of Green Island, was held this afternoon in the office of the Official Assignee (Mr Fisher), who presided. The only creditor was James Robertson, of Lawrence, whose claim was for £lB6 18s, on a judgment summons obtained in the Magistrate's ™ £ Lawrence - The assets were niL Mr Bundle appeared for the bankrupt. Bankrupt s statement was to the effect that m May, 1906, he leased a farm at Lawrence from Robertson, from whom he also bought and paid for implements and stock, having had ,£2OO when he took the farm. He speedily found that although he did two men's work himself he would never be able to make the place pay under the heavy rent he was paying Robertson for it. His landlord, on being told this, said he was willing to take over the farm. Bankrupt accordingly held a clearing sale, and paid all his creditors. When he left the farm he owed Robertson a quarter's rent (£3B 17s 6d). J. he latter, however, claimed that under the lease the whole farm was to be left an grass Bankrupt was astonished that his landlord should insist on this being indicted on, in view of his giving up the farm long before the end of the term of the lease. He offered Robertson £6O and a stack worth £l2 in satisfaction of his n ° the capital he had. Robertson issued a summons against bankrupt, and obtained judgment for £l7O 5s P? C 0^ 6 - V l6 Part of the claim being £IOO for layong down in grass the area that he had cultivated. He was adTOsed. to appeal against the magistrate's decision, but he was unable to do so. Mr Roberteon, after obtaining judgment, issued a bankruptcy notice, but neglected to go on with it. Bankrupt subsequently offered to file a bankruptcy petition in Dunedin, provided Robertson consented to have the estate administered there, but Robertson refused, and subsequently took no notaco whatever of letters from bankrupt asking his intentions, and (finallv) offering him £lO, the estimated cost of filing. Bankrupt, examined by Mr James, who appeared for Robertson, said that he-took ?? J5* 80 from Mr Robertson on'lst « y, r, ■£*£• .Whatever he bought) was at Mr Robertson's sale. There was an ami of 100 acres in turnips, and the rest was in grass. The farm Was in good order. He had £2OO capital. He continued on the farm till the end of May last. Mr Robertson said ho was willing to-take the place over if m as good condition as when bankrupt got it. There was a quarter's rent owing. He offered Robertson the rent. The fences were in fair order. When he went in Robertson left him about two loads of straw,-about half a dozen sacks of potatoes, and some -wire netting in return for repairing the house. Robertson paid thecountv rates for the second year,,about £l2. Ro"bertson asked for a written notice, but witness did.not give him'any, thinking that the advertisement of the sale would suffice. From March to August lie received £Bl3. Mr Bundle remarked that out of that amount Robertson received £446. -Bankrupt continued that he offered to settle with Robertson before he left, but found the latter so unreasonable that ..lie could do nothing with him: When he left he took a mare, two cows, three hedfere, a bull, a plough, and a turnip -sower,, which ho afterwards sold to his father for £SO, £25 of which he banked. The meeting was continuing at 3.15..;:';