In Bankruptcy.

Mataura Ensign, Volume 17, Issue 17, 16 October 1894, Page 2

In Bankruptcy.

+S. BE W. O'BRIBN. The first meeting of creditors in this estate was held in Ibe Courthouse, Gore, yeoterday, iyhen there were present or represented the following creditors :

The Deputy-Official Assignep, Mr Rout, read the statement, which wag published In our last jssn'e, the assets being L 197 10d and tae liabilities £807 8s lOd. Mr Fletcher, who appeared for sundry creditor, produced the minutes of private westiaga pf creditors held in his office and list showing assess valued atL239. The debtor was pnt in the witness box and 6aid ho 'started contracting about H yea»B ogo, He was worth jthen from Ll.qo to Ll5O not ipcltydjug b|s land. There was a lease; Sold eeetjon which his wife bad taken up UQiae six years aye, bjit 'foe h,ad nothing to do with ifc, T WOlve wooths ago A, A. m<i<, Gibbon sued him tot LiO. Ho (fought he was then in a guoi financial position and if bie crop bad come up to expeotatiou.9 he fcpuW tyw pitl wrfkuOy m tljo A' # Ut

gave deiaii*. of the value of the crop and what it realised, and said MacGibbon'a account had been owi^g for perhaps two years or more, but ViacGibbon alwayß got some of ihe crop and 60me chaff, and never pressed him. Tbe witness was examined at length < by the Deputy.official As^igceo; and as to piivate meetings of creditors before tiling, when it was explained that the debtor offend to make over all his own properfy, but insisted that big aon'e team should not ba interfere! with. He went into de'ails o£ thß private rm'etingß and papers theu laid before tbe creditors and was cot prepared to make any offer now. In reply to Mr Fletcher be did not recollect offering to mortgage hi 9 team to Brewer and Trembath ; nor to mortgage teams to Mac Gibbon without his eon's con* sent. Before the meeting of creditors he had told Mac^ibbon that if be would take him over bis son might give in his team as security. To Mr Brewer : Within tbe last 12 months he had got Ll3O from the Borough Council. He might have earned during tbe last 15 months L 220. Mr Henderson put in a list of payments for tbe last 12 months amounting to over L 165, and if for 15 months he could produce more receipts. '. T, H. Biewer, being sworn, said O'Brien had owed his firm a few pounds from time to time, and be wished O'Brien to pay off part of the bills or he would have to press for payment. O'Brien said he bad his teams and they were not mortgaged, but if he (Mr Brewtr) was afraid, he (O'Brien) I would give security. Witness heard notrrng j of anything belonging to the boy until just before the meeting of creditors, John UacCHbbon also said he was led te believe the teams were O'Brien's, and asked him especially about a black mare worth L 25 to L3O. He heard no word of any team belonging to the son until just before the private meeting. There was some disousßion following, and thereafter Mr Brewer referred to land on the name street line which twelve montbß ago wab under offer at L4Q per acre. Mr Henderson eaid that price conld not now be got. Mr Brewer, continuing, said that if Mr O'Brien had tried to meet the creditor) they would have assisted him. He moved that Mr Mac Gibbon be appointed supervisor in the estate to act with the At sign en. The motion wa9 seconded by Mr Metcalfe, and after some discussion, in which Messrs' Henderson, Brewer, Metcalfe ani Mac Gibbon took part, the motion waa carried and the meeting was adjourned sine die.

John Mac Gibbon and Sons ...£ll7 8 7 &.. A. MacQibbiu (proxy John Mac Gibbon) 81 0 0 •Southern Standard '(A Martin) 8 6 0 , Brewer and Trenibath ... 28 2 1 ! FlemiDg, Gplcisqn and Go. ... 612 6 ! Metcalfe Broß. ' ... ... Blp 8 W, Charley ..." 17 0 Jas. McEwan (proxy \V. Hender--80D) 10 1 6 8. Colloit ... 3 6 0 C, Woodyatt 6 8 8 J. S. Neave... ... ... 4 4 0