MEETING OF CREDITORS.

Hawera Star, Volume XLVI, 6 July 1926, Page 9

MEETING OF CREDITORS.

LANCELOT GOODGER

A meeting of creditors of Lancelot. Goodger, Howera, a dealer bv occupation, was held in the. office oi the Deputy Official Assignee, Mr. It. '\ ■ Sage, this afternoon. The following creditors were present: Messrs R. T. Bullock, E. A. Evans. J. W. Lasli, and J. * • Oillanders (representing I - Gd landers). Mr. L. A. Taylor appeared for tne bankrupt. .. ~ The following is a list ol tilt unsecured creditors: E Gnlandeis £B* 8s 6d J "\V. Lash £32 Is, R. T. Builock £l4 16s Sd, W. J. Bright £ls 12s 3d \v M. Thomson £3<, A. J. Cointrail £26 15s, J. R. Corrigan £'o4 J. J. Cahill £6 7s 6d, H.B. Clothing I actorv £3 7s 6d, Farmers Co-op. £6<-.u. Total, £955 6s Bd. Mr Taylor stated that lie had been in communication with the Farmers Co-op.’, and that concern, upon being assured that there was nothing in the estate, agreed to their debt bmn 0 ruled out With the Fanners’ Co-op. debt lulea out the financial statement showed unsecured debts amounting to £2<o ds bti, and; no assets. , ~ The bankrupt in liis statement said he had lived in Hawera for the past 19 vears. The property m which he lived was bought by Mrs. Goodgei just after lie arrived here, and had iemained her property ever since. Bankrupt had never owned any propel t 5 save a small area of leasehold, which was taken from him about three veais aero when the slump came. Fie had been dealing in stock all the time, and did well till the slump. He obtained help from the Farmers’ Co-op wit i which to stock up a place at YYaveiley Of 509 acres, of which he had the <rrazing, and when he came to muster the stock they were 273 short. The Farmers’ Co-op. realised twelve months ago on all Ids assets, over which.it had security. He admitted that up to eighteen months ago lie raced foui horses, but since then lie had not betted. He had had a Hodge car for the past four years, but it- was bought by Ids wife with her own . moneys. The Farmers’ Co-op. examined the position, hut his wife’s ownership was not disturbed. He bad not much fuiniture, and of this a good deal had been contributed by his wife. He uas now doing odd jobs, and was incapable of hard work. , , The Deputy-Official Assignee stated that he had verified' the statement that the property was held m the wile s name, and consisted of a six-roomed house, and 18* acres at Tawhiti. Hits was subject to a first mortgage of £I3OO to Mr. Biaulhour. A second mortgage had been taken, by tlie Bank of New Zealand, further guaranteed by Mr J R, Corrigan to secure ail overdraft of £3OO. The property was valued at £1650. He stepped trading with the Farmers’ Co-op. two years 3,0-0, when, the account wais closed. "The Deputy Official Assignee said be had been requested by Mr, Anlidge, representing Dr. Thomson, to ask the bank nipt "whether it Was true that lie won £2OOO in horse-racing in Auckland two yeans ago. . The bankrupt: “There is no truth m it .at all.! ” . Ini response to Mr. Taylor, the bankrupt stated that lie had no money in the Public Trust for his wife. He had been ill for years with neuritis. A motion in favour of facilitating the bankrupt’s discharge was. passed unanimously. , •