EX-CAPTAIN KNYVETT.

Hawera & Normanby Star, Volume LVII, 18 August 1910, Page 5

EX-CAPTAIN KNYVETT.

IN FINANCIAL DIFFICULTLY. IPRF.BB ASSOCIATION .] WELLINGTON, August 17. At the Magistrate's Court to-day, before Mr W. Haselden, S.M., the Parsons Trading Company of Wellington, applied for a judgment order against Frank B. Knyvett, late of Auckland, but now . employed as traveller in Ckristchurch, for £131 5s Id, for which judgment was obtained on June 7 last at Wellington. Mr Luke appeared for tlie plaiutiff company, and Mr H. F. Yon Haast for the defendant. In reply to a question from Mr Luke as to his finances and who were the partners of his firm, defendant said that he and a Mr Foubister were the only partners Foubister's brother guaranteed the firm's credit to the extent of £200. The firm of F. B. Knyvett ceased operations about the end of May last. The stock was sold for £217 or thereabouts, and the amount was covered by bills. His Worship: Why did you not call a meeting of creditors? Defendant: 1 did not wish to turn insolvent. His Worship: You will go on until there is not a penny left. Mr Luke: What is your present position ? Defendant : Traveller for Chandler and Co., of Christchurch. I shall probably lose it through having to come up here to-day. Mr Luke : What salary are you receiving ? Defendant: Six pounds a week. In reply to Mr Yon Haast, defendant stated that his salary was gross. Defendant said the firm's liabilities over assets were about £220. t _ His Worship: Wliat are your liabilities without the assets? Defendant: About £370 or £380. His Worship: We know what assets realise. You will have to do something. I do not want to send you to gaol. You should call a meeting of your creditors and distribute your estate. Defendant replied that in time he would be able to pay the account. He was only temporarily unfinancial, and in a couple of months' time he would have money coming from machines sold on time payment. Mr Yon Haast remarked that Knyvett had been before the public eye, and that was probably the reason why plaintiff sued him for the money instead of suing his partner, who had not been before the public but was able to pay the debt. His Worship: Then they should make the pair of them bankrupt. The case was adjourned for a fortnight to allow defendant to make arrangements with his creditors.