IN BANKRUPTCY.

Hawera & Normanby Star, Volume XLII, Issue XLII, 13 April 1922, Page 4

IN BANKRUPTCY.

SHAREMILKER'S FAILURE.

A meeting of creditors in the bankruptestate of Edward Bull, contractor, nJP+ 8, he} d in the offic« of the Deputy Official Assignee (Mr. Sa<*e) yesterday afternoon. . & ' Those present were: Messrs J kxley J. McLeod, Stubbs (New Zea\mi h- aii d M" 4; Company), andßuist (lUthani Bacon Company). The bankrupt was represented by Mr. P. ODea •, »» his -statement", said: I have been sharemilking for I the past three years, and have a family of seven. Since 1 left sharemilking in June, 1921, I have been doing odd jobs, but it has been very difficult to eet. work at all. While sharemilking! at Manutahi for Geory Bros T had I considerable sickness in the family I have had- a hard struggle all thorugh, one member of my family having been i tor years under the care of doctors. I regret that I can make no offer to my creditors. I am out of work at the present time." j The total amount due to unsecured creditors was £223 os sd, and there were no secured creditors. ' The assets were given as nil. I The following is a list of the creditors: Smalley (Eltham) £30, iJ. Russell (Eltham) £5, Patea 1 "Butchery Co. £3 14s Bd, Eltham Bacon I Factory £3 4s, Mcßain and Charles j (Stratford) £29 9s, Smith and Easton | £10, TurnbuT! and" Co. £13 3s 3d. Vie- ! Tory Tea Co. (Wellington) £10 12s 6d, , Carter and Son (Manutahi)_£7 0s lid, i Hawera Star £5 2s, Dr. Home (New j [ Plymouth) £1 16s, Liversedge and: Smith" (New Plymouth) £3 6s, Cummings (Eltham) Ss, Allen Bros. (Kaponga) £"4, Bridger (Eltham) £1 7s! 6d, Hurrell Bros. £8 9s, J. Sheeny! . (Eltham) £9, Hill (Eltham) £5 11s, I Loan and Mercantile Agency £46 7s, Fountain (Eltham) £6 3s, Economic £]4 Is 7d, Archibald and Stack (Inglewood) 10s, A. Beesley (Eltham) £2 12s 63, Bennett and Sutton £3 0s 6d, [ Dr. Thomson £2 17s, McLeod' (Hawera) 15s, Exley (Hawera) 15s. j Mr. ODea explained, with regard to th» sharemilking,, that bankrupt had brought an action against Ge&ty i Bros., who had brought a counter-claim for work that they alleged had not' been done. Contrary to expectations, I the case went in favour of Geary! Bros. Had it gone the other waythere would hare been £60 or £70 for the creditors. The D.o.A._said about £90 of debts had been ITJeurretT since bankrupt hauj given up sharemilking. A The bankrupt said he had only done about two montVs' work since July 9. , ] The D.O.A. said he understood that' tfiere was nothing to come from Geary, Bros. There had been a probable1 bonus, "but it" had now disappeared j owing to some losses on shipments made fey the Manutahi Company. J Bankrupt, questioned as to whether . he had kept an account of hfs earn-' . ings and expenditure, stated that he [ had done so, but the books had since i been accidentally destroyed by fire. The ; expense or running his house at Manu- ; tahi was about £20 a month. An s account from Smalley for groceries for i £30 only covered two months. There - were eight or nine to provide Tor. The l number of cows milked was about 94. I It had cost him from £50 to £60 a year • tor benzine. ; Replying fo Mr. Buist, bankrupt [ denied that he had ever been earning j £3 a day. With regard to pigs reared while sharemilking, he had made a loss f owing to prices dropping. > Aslied if a Tiorse and gig he had been , driving was Kis own, bankrupt stated that it was the property of his wife. The furniture also belonged to her. Asked wKaf had become of the ploughs and other implements and i teams formerly used for contract work, bankrupt stated that he had sold them • beifore leaving Eltham, and had used . the money in paying his debts. > It was stated that bankrupt received £•"559 from Geary Bros, for one year. The bankrupt stated that he could make no offer to his creditors. He had; had a life insurance policy with thej A.M.P.. but it had lapsed. He had mily taken^ the policy out three years' ajro, and it had no surrender value. It was decided to take rjo action, j and the meeting was adjourned. j