BANKRUPTCY.
[Pkb Press Association.] AUCKLAND. Sept. 10. An adjourned meeting of the creditors of Adam Laybourne, merchant, was held today. The Official Assignee read the sworn statement of H. Cuthbertson, book-keeper to the debtor, who had been examined in some detail as to the state of the books. Ho said that one of the entries had been made by him without any reason except that of balancing the account, and because Mr Lewis, accountant, required certain entries to be made. Referring to another item, .£1739 5s 9d, he knew that this entry should have been made previously, and he put down these figures because that was the amount which should have been credited. He did not ascertain the amount, and it was an estimate upon the knowledge that the account was square. There were two other items, .£1053 7s 6d and .£720 Os Bd, making a total of £3512 13s lid. He knew Lewis’ account ought to be debited with this amount, and he entered it accordingly, having nothing to guide him but the knowledge that the account was square. It was resolved that an exhaustive investigation should be made into the state of the hooks from January, 1888.
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Bibliographic details
Lyttelton Times, Volume LXXII, Issue 8903, 20 September 1889, Page 6
Word Count
199BANKRUPTCY. Lyttelton Times, Volume LXXII, Issue 8903, 20 September 1889, Page 6
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