IN BANKRUPTCY.

Hawera & Normanby Star, Volume LII, Issue 9187, 6 September 1906, Page 6

IN BANKRUPTCY.

i ESTATE OF JOSEPH BLOOMFIELD. j A meeting of creditors in the estate of Joseph Bloomfield was held on Wednesday *ftemoon. Mr C. A. Budge, D.0.A., presided., and the creditors present were, ; Messrs Newton King, J. Hopkirk, G. j Synne, E. Bloomfield, and Bennett and Sutton. Mr Caplen appeared with the bankrupt. The total debts (all unsecured) were j shown to amount to £94f 13s 3d and the ' assets to £692 2s 7d. Particulars of these •have already been published. j Statements signed by Bloomfield, who filed on August 23, were to the effect that ' he had no land, having disposed of all he had on August 20 to .WatkLns and Murch. When ihe sold this land he intended getting all his cash in and compounding with his creditors. He had ' been trying to sell the place for 13 months ' and had instructed Mr McAlpine to sell i for £550— what- it cost him. This was ' £400 for a factory erected; on the place ! and £150 for the goodwill. H© was losing money on the place and Watkins. and March's offer was the best and only one ' he received. By selling half of Candy's faam (200 acres freehold) in July,. 1905, be received ' £1400 cash and had /implements in addition. At *hat.time v he owed Bewley and Griffiths £600;" McAlpine £200 for stock and £200 to £250 for' goodwill of Crabbe's land, and Newton Kiing £240 for purchase of Stevens' in- 1 tercet. His stock was then worth £1500. He sold Crabbe's place about 2 months ago for £225 and lost £25 and comrnis sion. About last February he put 'up a factory on Stevens' place at a cost of £400 exclusive of his labor. A slander case cost him about £100. Most of his tramsactions were made through Mr McAlpine, who financed 'him in the factory venture which was a failure owing to the late time at which he commenced operations. His daughter had had a leasehold property at Whakamara which she! sold for .* £86, that amount less, oofmmi^sipn being . credited ,by. --Mr Itfcjyipine/ fbo\ bl^krujjt's jkPOount.-o^AiJB dangl^j^f ) ,s, I ,.'oxd«r f .' : , HeT attribwted^bj^xb^nkxQpjt^yi to bad llundir oss : on. cattle iaijd,- iugh-mtes . t £f / «?jslsß|r r und .-cttmmiflejon. *;.,,.;••? ..^.hj *-.;*/>>> ; M m.i ,-, ,§aid • tfi^.^doiu^lfidl^ it was bad business to sell a propertyjifhaifc , -iooeb him ;£§so > for,/£4QQ- jns^ r b§|<n^c|B ing but be di^vnot think tbe posiJaOn otuld be attacked* , '; , ,;. - ', Mi; King aadd that sa far a&, the.prop :rty sale -was- concerned -it -appeared to-be," an agreenient.-which they would have to ciarry <mt. , Ifc-laaked' banferapt Sfho the negotiating agent was. ' v ■ ' ' i Bankrupt named Mr McAlpine. ■' Mr Kong moved; That! the matted -be hedd ov«r'"\pending< th*»''' investigation^ of the D.O.A.' into th© transactions with Mr McAlp'ine'.i/...' i ) .;>'■;! Mr Syme seconded. — Carried. Mr King said that he had known the bankrupt for a number of years and thoftgh££e considered .hdyhad aobey rery Jooliih3^h6 : .had.n6t?bMgj't!b say agiinst hie intm^onsiHHe^oAied^lPhat the buok™pb'"be' gmirfced tbtiTfuttriiture. Mr Hopkirk seconded.-;— Carried. Mr Caplen, on^ behalf of the banki upt, thanked the creditors. The D.O.A. uider- ■ took- tb' examiine.,tu'e banfcro^ti Tapd ■ Mr McAlpine, and, Mt McAlpine' s the ■ meeting ►•w»e. , , '; ■, ,'