IN BANKRUPTCY.

Hawera Star, Volume XLVI, 10 November 1926, Page 9

IN BANKRUPTCY.

MAX AT A LABOURER’S FAILURE'. AUCTIM OF THE SLUMP. A meeting of creditors in the estate, of Daniel Rothery, of Manaia, labourer, who was adjudged bankrupt on November 2, was called for this morning, but lapsed for want of .a quorum. The Deputy Official Assignee, Mr R. S. Sage, bankrupt, and his solicitor, Mr R. E. Baeyertz, were present, but none of the creditors were re piesen ted.

Bankrupt’s financial statement revealed debts (all unsecured) totalling £246 5s and assets, listed as stock-in-trade, valued at £ls, leaving a deficiency of £231 ss. The list of secured creditors was as follows: AYilliam Rothery, farmer, Mokoia, £54 • E. Dilggan, fanner, Otalieho, £128: Francis Rotherv, farmer, Bell Block. £ls; C. Hunger, blacksmith, Manaia, £l3 4s; E. Clarke, motor engineer, Manaia, £l3 10s; J. Barclay, storekeeper, Okaiawa, £9 11s; L. A. AYaltens, butcher, Manaia, £4 8s 5d • E. Irving Rodger, storekeeper, Te Kiri, £3 3s 6d; Kaupokonui Co-op. Dairy Co., £2 8s 7d; R. S. F. Craig, dentist, Manaia, £1 10s; S. H Greaves, chemist, Manaia, 11s 6d ; AY. G. Williams, blacksmith, Otakeho. 18s.

Bankrupt submitted a written statement as follows : “Six vears ago I bought a farm in Glenn Road, Manaia, of 114 acres, at £4O per acre. It was a native lease, and I paid too much for it. The slump came and I could not carry on, so the Loan Como any took over everything. Thev accepted all that I had in full settlement of what I owed them-, though it did not clear off my indebtedness to them. Practically all of my debts were contracted while on the farm. I should have filed when. I walked off the farm, hut I held off in the hope of settling up mv liabilities. For the last four year® I have been

■cuttino- wood with a AA 7 ade saw, which is my only asset. I make on an average £3 per week, and it takes all of this to live. I have a half share in this AYade saw, for which I paid £25 about four years ago. My half share would he worth about £ls at the most, as the saw is in had order. 1 have been trying to pay off my creditors, and have paid about £2O to the Ivaupokonui Dairy Company for a debt contracted when on the farm, and J have paid several hospital accounts. The furniture is my wife’s and so also are four cows and the gig harness and horse. I have receipts for these in the wife’s name. I can make no offer to my creditors.” Examined by the D.0.A., bankrupt stated that his earnings for the past year had not reached £3 per week, after his expenses had been paid. He left the farm about four years ago, and on doing so was paid £75. _ The furniture had always been his wife’s, and was insured in her name as far back as 1916. He produced receipts from the AVaimate Plains Dairy Company, and stated he was still supplying cream. He had three of a family, two of the children being of school age.

The proceedings then terminated