FIFIY-EIGHT YEARS OF SQUATTING.

Marlborough Express, Volume XXXI, Issue 220, 20 September 1895, Page 2

FIFIY-EIGHT YEARS OF SQUATTING.

» In the Insolvency Court, Melbourne, recently, Charles Brown Fisher applied for an unconditional certifi* oate of discharge from his debts. According to his schedule liabilities of the estate amouted to £1,477,916, and the assets to £786,260, leaving a deficiency of £691,655. In his affidavit filed m support of the application the insolvent stated that his estate had not paid, and would not pay 7s m the £. He also stated that since the year 1887 down to the sequestration of his estate he carried on the business of a sheep farmer and grazier, part of the time m New South Wales, South Australia, Vie toria, and Queensland, and part of the time m all these colonies. He commenced operations m 1837, when he took up the run known as Little Para, 40 miles from Adelaide. During recent years he had sustained heavy loases. When he gave certain guarantees he was worth property to the amount of £500,000 over and above that which would pay all his debts. The Darling Downs and Yanga stations, which m 1385 were worth £885,000, were worth at the time of his sequestration only £551,520, owing to the fall m the price of wool and the depreciation m the value of freehold and squatting properties generally. Of the amount owing by him at the sequestration about £590,000 was due for interest, which had beeD charged and compounded against him on the footing of half* yearly rents, he had been a customer of the English, Scottish, and Australian Bank Bince 1865, and had paid them for interests and discounts since 1882 over f 59 1,855. The serious depreciation m the value of squatting properties, heavy interest and disoounts, and losses through the drought and floods were the main oauses of his insolvancy. Judge Molesworth reserved his deoißion. WOLFE'S SCHNAPPS Has become fatuous on its merits as a stimulant of the iiaest quality, and ia well known throughout the world. Buy bottles iataot.