IN BANKRUPTCY.

Hawera Star, Volume XLVIII, 18 July 1924, Page 4

IN BANKRUPTCY.

ESTATE OF W. C. HODGSON. w?ilb m , eeti ”g in the estate of \\ llham Charles Hodgson, a Rawhitiroa farmer, who was adjudged bankrupt rJl;ri U ' y p ?u VV £ S - 4 h l ld '' y« st erday at the S? I ®®, °l D.O.A. (Mr R. S. Sage), rupt Cl ‘ Hmp represented the bankBankrupt, in unsworn statement, said he had been farming at- Rawhitiroa for ten years under Tease from Mr J. Koutlev. Ihe farm comprises 200 acres carrying this season 57 cows and drv stock. He- had been in difficulties for two seasons owing to the low' price of butter-fat, and in March the New Zealand Loan and Mercantile Agency Company obtained judgment against him for £l5O, and certain stock and chatels were sold by them. He had endeavoured to re-finance, but had tailed. He attributed his position to the reduction in income, because of the fall m the price of butter-fat, and to the high rental and high cost of commodities used on the farm. The creditors are as follows Secured : John Routley £556 10s (value or security £594), Fresh Food and Ice Go. £33 (estimated value £130). Unsecured; New Zealand Loan and Mer<crntl m Farmers’ Co-op. C ' r , um P £42 > Smalley and V?' f 11’ Syme and Weir £l2 15s 4d, Auckland Farmers’ Trading Co £7 12s 6d tl A. Belcher £7 7s 7d," A. Chry.stal£/ 0. Manley £3 10s, Gane Co. £_ 9s Jd, New Zealand Farmers Ovangamn) £2 9s, C. W. Peebles £3 12 s ’ *• N - £2 Bs, Para Co. £1 1-s 6d; a total of d£;>B9 10s secured, and £371 4s lOd unsecured. Tt was resolved that no claim bo made on the furniture by creditors. A suggestion was made that the validity of the largest secured creditor should be tested. After discussion, it was decided that the meeting lie adiourned for a week to allow secured creditors to make an offer. The meeting then adiourned.