IN BANKRUPTCY

Hawke's Bay Tribune, Volume XXII, Issue 258, 14 October 1932, Page 4

IN BANKRUPTCY

ESTATE OF WILLIAM DAUBNEY. MEETING OF CREDITORS. A meeting of creditors in the estate of William Daubney, a contractor, of Hastings, and formerly of Napier, was neld at the Napier Courthouse this morning. After the bankrupt was questioned regarding various dents, the meeting was adjourned sine die, in order that a complete list of creditors might be supplied. In opening the meeting, the Official Assignee, Mr G. G. Chisholm, stated that the papers filed by bankrupt showed that £215 12/- was owing to unsecured creditors. £419 representing Look debts, and £3O as stock-in-trade. On paper a big surplus was shown, but subsequent to the statement being received proofs of debt, amounting to over £lOO, had been received from other creditors.

Questioned bv the Official Assignee, the bankrupt stated that a shed, tools and plant, which he valued at £l3O, had £l6 still owing, this being in respect of two circular saws and a belt. Approximately £l2 10/- was owing in respect of rent. He had al2 months’ lease of the shed and yard, expiring in August. The owner advised bankrupt a fortnight before the expiration of the lease that he had let the section to another party and he asked bankrupt to pay the arrears of rent and to remove his plant. “He took the law into his own hands, and while I was seeing detectives about the matter this bankruptcy came on, B said bankrupt. With regard to a hook-debt owing by the trustees of Furiri Hall, at Bridge Pa, Hastings bankrupt said the job was not completed because he could not see where the balance of money owing to him was coming from . Work amounting to £2lO had been done, the full price of the job being £275. Mr E. J. W. Hallet, representing a debtor named Tawa Karau, explained that the bankrupt had a contract for the removal of a building at Bridge Pa and to re-erect it on "fawa’s property, the price being £72. He partially removed the building but left the job unfinished, selling part of the building to another party. Bankrupt’s story in regard to this was that he was paid £4O for removing the building. The agreement was that ho was to be paid another £4O for reerecting the building on Tawa’s property. After some more work had been completed he said he wanted some of the cash before he finished. This was not paid so the work was stopped.

WAITING FOR HIS CASH. ‘ ‘When a man is waiting for his cash on the Friday night and the man goes to a tangi till the following Friday night it is enough to make anyone stop,” said bankrupt. Mr J. Birt (a creditor): Have you any secured creditors? Bankrupt: No. Who owns your furniture? —The furniture was bought in my wife’s name five years ago. You have a wireless set?—lt is not paid for yet. What about your truck?—lt is not all paid for, either. There is about £lOO owing on it. Mr Munro; How many other cars have you had since you came to Napier?—Two. Official Assignee: What is your wife’s position?—She has got nothing but her furniture. Bankrupt went on to say that the motor truck, purchased from J. E. Peach and Co., was in his wife’s name. Bankrupt continued that ho had a claim against James Koorey for £7 Is for timber supplied on a renovation contract. Mr Koorey: What was the timber for J Bankrupt: You put a partition in your shop. Mr Koorey: I never hacl any timber put in my shop Bankrupt: Of course jou did. CHANCE TO PAY. Continuing, he said: ‘‘l want to see if there is a chance of being given twelve months to pay twenty shillings in the pound.” Mr Munro: You want to continue to float round and be Bill Daubney. You have a great time. Bankrupt: I want to be able to carry on. Mr Munro: Where’s your' guarantee that the creditors will be paid! Official Assignee: It is for the creditors to say what is to be done. Mr Nash pointed out that a complete list of creditors was not yet to hand. Bankrupt said he would be able to supply a complete list without delay. Mr W. E. Northc suggested that some of the creditors interested should make a personal inspection of the uncompleted job at Hastings. Mr Munro; Take a camera with you. (Laughter.) The meeting was then adjourned sine die without any resolution being passed.