IN BANKRUPTCY.

Hawera & Normanby Star, Volume XLII, Issue XLII, 12 July 1923, Page 4

IN BANKRUPTCY.

ESTATE OP MURRAY AND LACEY. A meeting of creditors in the bankrupt estate of J. E. Murray and H ±i. Laoey, machinery dealers, of Hal wera, was held in the Deputy Official1 Assignees oirice yesterday afternoon '■ 1 here were present: Mr Matthewsi (solicitor, representing W. W. Nicholas) \v n^il VV 'rW- Aw&olas, Barratt,! VV. G. Patten, J. U, Alexander, G. W Uaue, and J. #. Tidtiy. j The bankrupt's affairs showed that tiiere were no secured creditors, but unsecured creditors totalled £340. The stock in trade was estimated at £262 14s od, and the book debts were estimated to produce £50, the total assets therefore being £312 14s sd. lie denciency, therefore, was £27 5s 7d. The following is a, list of the unsecured creditors: Farmers' Co.-op. £1 14s 6d, S. Syme and Co.. £1 8s 6d- L Kowson, £1 7s 6d- Momssey Bros £4 17s 6dj Taranaki Daily News, £13 8sDairyman, £3; H. Berry and Co. (Wellington) 14s 2dj Bennett and Sutton, 5s 3d; Talkeries, Ltd. (Weltington), Us; Gane (Normaiibv), £22: Campbell Bros. (Inaha), £20; Evans Biros. (Inaha), £1 ss; T. Priest (Matapu) £6 8s; W. Nicholas, £12; C. Gomer, £4; R, Hicks, £7; J. B. Laurenson, £1; — Peters (Eltham), £9; A. M. Conroy, £1 10s; W. J. Sandford (Manaia), £2 10s; W. A. Quin, 10s; J. Alexander, £10; Normanby Dairy Co!, £2 10s; - Rea (Patea), 14s 4d; H. t! Barratt, £6 os; Mrs Nicholas, 14s: R. J- Tidy and Co., 9s 6d; AY. G. Patten,' £25; estat© H. M. Lee, £151 15s 4d; B. Ho well (Manaia), £2; sundries, £26 2s 7d; total, £340 2s 7d. In their statement to the Deputy Official Assignee, the bankrupts said: \\e commenced business in November, l 1921, by taking over the machinery exchange of Barratt and Co. We took i over with the business a liability to H. | M. Lee of £313, of which amount we | paid off £100 shortly after commencing. Business was fairly good for twelve months, and we paid a further £60 to I Lee's estate, but owing to the present conditions of business we have been absolutely unable to get ahead of our debts, as we have no liquid capital or means to travel the district in orde,r to ! get bus.'ness. -"We attribute our bank- ! ruptcy to general slackness of trade and j depreciation in the value of the articles ■ m which we have dealt. At present; I we are not earning bread and butter, ' and cannot make any offer to ou,r credi- ; tors, save to hand over the business for | what it will realise. I After some discussion, Mr Patten moved and Mr Tiddy seconded, that the matter of realiastion be left in the bands of the Deputy-Official Assignee to I do the best possible under the circumj stances. : The meeting then adjourned. !