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A COUNT'S CREDITORS

[Pen United Press Association.]

ROTORUA, November 25,

The first meeting of creditors of Count Rene Do Montnigu was held to-dny. To unsecured creditors ho owed £825 10s and to secured creditors £550. The assets consisted of £1,350, surplus of securities.

WUSU3L*/U VI OUipiuo Vi Cross-examination was in tho direction of showing that the securities pledged belonged to a woman who, previous to his recent, marriage with a local girl, had passed as his wife, and that he had no knowledge that the pledges were given. This the count denied. Ho was examined at "teat length on this and on a bill of sale tor £550 which he gave over his effects and which the creditors sought to upset. The meeting lasted till midnight. November 26.

Tho meeting ended last night. The creditors accepted the offer of two local solicitors to pay tho secured creditor his debt of £550 and prove as ordinary creditors. The bankrupt had borrowed £2OO and £3OO respectively, neither party knowing he had borrowed from the other. On discovering it they got a third party to advance ihankfupt £530, transferring to him securities which were valued at considerably over £550. The solicitors stated that the' chief reason for their action was a desire to get rid of Do Montaigu. Bankrupt’s solicitor said he believed De Montaigu’s family would pay the debts in full. It was decided to return to tho person formerly known as Countess l)e .Montaigu furs, lace, and a ring, which she claimed us hers.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD19141126.2.29

Bibliographic details

A COUNT'S CREDITORS, Issue 15660, 26 November 1914

Word Count
253

A COUNT'S CREDITORS Issue 15660, 26 November 1914

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