MEETING OF CREDITORS

Evening Star, Issue 20983, 23 December 1931, Page 9

MEETING OF CREDITORS

* ■ ESTATE OF A. J. CAMPBELL A' meeting of creditors in the estate of Arthur John Campbell, bricklayer, was held before the Official Assignee today. .

The secured creditors, with the estimated value of securities in parentheses, are as follow:—Laidlaw and Gray Ltd. and 0. and W. Shiel Ltd. £Bl 14s 6d (£45); H. C. Gore £56 18s 8d (£3l 18s 8d). The amount owing to unsecured creditors totalled £l3l 16s 3d, the principal creditors being:—Laidlaw and Gray Ltd. £l7 ss; H. A. Hogg £2B 10s ; Holley and Cooper £22; J. F. G. Stark £ll 16s 6d. The Assignee stated that the actual deficiency was £175 Os 9d. In his statement, bankrupt said that ho was a single man, at present unemployed, and he resided with his mother, who was partially dependent' on him. Until May, 1928, he was employed as a bricklayer by West’s Gas Improvements Co. Ltd., earning £6 12s a week, and was free of debt. As a result of a fall at the gasworks, he sustained injuries which incapacitated him for about two years. His medical advisers would not allow him to work during that period. He drew £4 a week ns compensation until the end of 1928. In June, 1929, after litigation, he received a further lump sum of £448. Subsequent to the accident, he purchased a second-hand car from Cooke, Howlison’s for £95, and paid the balance of £45 then owing out of the compensation money. He purchased a new car for £275 cash, trading in the other car at £55. He needed the car for his business. He set up as a building contractor, and _ carried on for twelve months. The business was not _a success, and used up most of his capital. C. and W. Shiel’s account was the only one of the debts contracted in respect of the business still owing. In November 1929, he also started in the picture business and purchased from H. C. Gore a cinematograph machine for £125, the deposit being £l6. The sum of £56 18s 8d was now owing on the machine. Gore had threatened to sieze the machine, which was held under a hire-purchase agreement, but was prepared to allow £3l 18s 8d thereon, leaving a balance of £25. He also hold two machines on trust. At the beginning of 1930, he purchased from Laidlaw and Gray for £SB an amplifier for use in the pictures he ran at Outram and Macandrew Bay. ■ There was still owing the sura of £55 2s, £39 17s of which was secured on the car, and the balance was unsecured. The; pictures were financially successful for a few mouths but failed owing to the falling-off in attendances, When the returns fell oft, he gave up the pictures for the w'inter and took on skating at Outram. It was in that connection that Mewhinnoy and Geddes’s and Holley and Cooper’s claims arose. The skating paid well until Mewhinhey and Geddes. from whom be was hiring skates, started in opposition. He then got ■ skates from Holley and Cooper and carried on, the opposition closing down after three nights. The trustees of the hall then refused _ to grant him further use of the premises. Skating at Waitati was a failure, and it was stopped at Macaudrew Bay after a night. He also tried the skating business at Waihola find Henley. He also ran dances at Outram and Macandrew Bay, where they were successful when run in conjunction with the pictures. He was still partially incapacitated as a result of his injuries, and unable to do hard work. Bankrupt, under examination, supplied details of the takings of his skating business and the picture shows. He could make no offer to his creditors at the present time. The Assignee expressed the opinion that while bankrupt had money ho must have been a good spender. It was moved and seconded that in view of the fact that bankrupt had no satisfactory books and could give creditors no particulars as to how he. spent the money ho made from the various ventures in which ho was engaged, his discharge be opposed until he had paid in sufficient to pay a dividend of 14s An amount reducing the dividend to 10s was moved and seconded, and on being put, was carried.