AGENT’S BANKRUPTCY.

Lyttelton Times, Volume CXVII, Issue 17529, 12 July 1917, Page 5

AGENT’S BANKRUPTCY.

ESTATE OF A. E. CRADDOCK,

DEBTOR’S STATEMENT.

LARGE SUMS OWING TO CREDITORS.

The affairs of A. E. CJraddock, auctioneer ail’d Innd and estate agent, who filed a petition in bankruptcy last week, arc so involved that the debtor has found it impossible at present to supply to the Official Assignee an adequate statement of his position. With his lawyer and an accountant appointed by tho Official Assignee he has been ablo to prepare a statement, but it is not tho usual sworn statement supplied by debtors, and it .is explained that it is merely approximate. On both tho debit and credit sides of tho account there are items whoso value cannot bo estimated at present. Several items set down by the debtor as due to unsecured creditors will have to bo investigated by an accountant in order to ascertain what sums, if any, aro duo.,

This approximate statement shows a total of £17,084 15s Id owing to unsecured creditors. The total assets, mainly real estate, aro set down at £3OOB. On those figures, consequently, there is a deficiency of £14,076, but, for the reasons stated, this cannot be taken to represent the actual position, which, it is hoped, will be made dearer at tho first meeting of creditors, on July 18. The following is tho debtor’s summary:—

DEBIT: £ e. d. £ a. d. Unsecured creditors 17,081 15 1 Secured creditors 3972 0 0 Estimated value of securities . 4500 0 0 Surplus to contra 528 0 0 Total liabilities £17,084 15 1 CREDIT. £ s. d. Book debts £1447, estimated to produce 700 0 t> Furniture ' 1000 0 0 Property . . . . . 760 0 0 Surplus from securities in Hands of several creditors . . , 523 O 0 Total assets. . . . £3003 0 0 SECURED CREDITORS. The secured creditors aro as follow: Estimated Amount 1 value of of Security. Debt. £ b. d. £ s. d. Bowden’s Trust, care Gould, Beaumont and Co., first mortgage over Woodchester . >4500 0 0 2400 0 0 Interest . . T2 0 0 L C. Gardiner, care Lane and Neave. second mortgago over Wooddacrier 1500 0 0 £4500 0 0 £3972 0 O There is also an item, “L. C. Gardiner, bill of sale over furniture at Woodchester, collateral with _ mortgage,” but no figures are supplied, as the actual position has not been ascer-

tained. There are no figures to an item, “C. L. M’Crostie and J. M. Stewart, its assignees under a deed of assignment of all tho assets of A. E. Craddock and the firm of Craddock and M’Crostie for the purpose of winding up the old firm and liquidating its liabilities.” This firm was in existence before the present firm of Craddock, M’Crostie Company, Ltd., was formed, and was merged into it. UNSECURED CREDITORS. Tho following is a list of unsecured creditors :-r—- ---£ s. d. Kincaid and Co., grocem, Christchurch 7 13 5 W. Jones, nurseryman, Christchurch ..... 196 A. Hampton, contractor, Christchurch 16 14 9 W. Irving, Burgeon, Christchurch J 7 7 6 Hospital Board, Christchurch . 3 3 0 Wilfrid Levi and Jackson, solicitors, Wellington . . 22 0 Lane and Neave, solicitors, Christchurch . . . . 13 6 6 B. Perry, hotel proprietor, Christchurch 10 0 New Zealand Farmers’ Co-oper-ative Association, Christchurch 2 17 0

Quill, Morris and Co., spirit merchants, • Christchurch. . . 6 4 0 A. J. White and Co., Christchurch 3-1 10 1 John Thornton, bootmaker, Christchurch * . . . . 6 911 T. S. Weston and Son, solicitors, Christchurch . . . . 7 11 0

Ward and Co., brewers, Christchurch 12 0 J. Ballantyne and- Co., drapers, Christchurch .... 255 10 7 J. S. Atkinson, dentist, Christchurch 3 18 0 D.1.C., drapers, Christchurch . 20 511 F. H. Stcole, butcher, Christchurch 6 7 9 Gould, Beaumont and Co., agents, Christchurch . . 72 10 6 Whit combo and Tombs, booksobers, Christchurch . . 2 4 7 Kerr and Barnett, nurserymen, Christchurch . . . 1 10 0 Pranks, Hunter and Lyon, solicitors, Christchurch . . . 9 13 0 Halbert and Co., mercers, Christchurch . . . ■ . . 6 210 M. P. He La Cour, motor mechanic, Christchurch . , 016 0 J. D. Watson, storekeeper, Sumner 6 6 6 Johnson and Couzius, tent makers, Christchurch . . 6 14 W. Sev and Sons, decorators, Christchurch . . . . . 80 6 6 Beath and Co., drapers, Christ- . church . .. . . . 17 111 Mas J. Oliver, Shirley . . . 3,200 0 0 Hev W. Oliver, Shirley . . 000 0 0 W. J. Roberts, oaro Mr C. S. Thomas, Christchurch . . 7,ico 0 0 Mrs Otway, Patoks . . goo 0 0 Yorko's Estate, Christchurch • 400 0 0 Quinn's Estate, Christchurch . 800 0 0 French’s Estate, c&ro W. J.

French, Sydenham . . . 750 0 0 A. J. Hutchinson, care Mr C. S. Thomas, Christchurch . . 1,700 0 0 Booker’s Estate, care Garrick and Co., Christchurch . . 4tM 0 0 Walsh’s Estate, «.cre H. Hambleton, G-rcymouth . . , 29 17 6 "A M. Dnrabell, Feathcrston Terrace, W E. Humbeii, Featheraton Terrace, Wellington . . 266 16 6 Miss Wallace, Canon Street, St Albans . . . . 334 6 0 Total .... £17,064 15 1 Tho debtor states that he cannoti ascertain the position of the following persons’ accounts at present:—W. F. A. Andrew’s, Sydenham; J. Parlces, 100. Wordsworth Street. Sydenham ;G. Gallagher, (53, Fisher Street, Beckenham ; J. S. Peterson, 250. Wilson’s Road, Sydenham; H. S. Johns, 36, Queen Street, Sydenham; E. Adkins, 50, Hume Street, Sydenham; A. J. Voice, Templeton; Miss Webb, Stanmore Road, Linwood. ESTIMATED VALUE OF PROPERTIES.

Tho following is tho list of properties, representing real estate, and tho estimated values: —

£ a. d. Section at Sumner, purchased from Bello Vuo Estate for £3OO, (£IOO paid) . ..... . _ . 100 0 0 Section, Ascot, subdivision, New Brighton . • •. . 55 O 0 Section, North Avon Road, Rich-

mond . . . • .• . 50 0 0 Fifty Shares in Premier Picturo Company, Now Brighton . . 60 0 0 Equity in property, Tancred Street, Linwood W 0 0 0 Equities in properties taken over by Craddock, M’Crostie, Ltd. . 400 0 0 Equity In Mrs Tree’s proporty . 25 0 0 Total .... .£7BO 0 0 The values of the following items cannot at present be estimated:— Equity in property, George Street, New Brighton; surplus from assets assigned to Stewart and M’Crostie as liquidators of the firm of Craddock and M’Crostie.