H. BROWN'S ESTATE.

Manawatu Herald, Volume I, Issue 93, 22 July 1879, Page 2

H. BROWN'S ESTATE.

EXAMINATION OF THF DEBTOR.

A meeting of the creditors of H. Brown was held at the ]foxton Athenseum on Saturday last, at 10 a.m. Mr A. Gray occupied the chair. The debtor was in attendance, and having been sworn, made the following statement : —

I gave the deed of mortgage over to Mr Thynne voluntarily; I owed him £260 ; the £00 wa3 for money he advanced to the Bank to get my deeds ; I gave him a mortgage for £350 ; I consider the property was worth £500, as it cost me almost that ; be was to sell the property to the best advautasre; he told me he had tried to do so, but could not get what he wanted for it ; he then said he had better keep the property as payment of my debt to him ; I consented and he took the property in liquidation of his claim j I have no idea what the items are which make up the £90 balance ; I received no aooount showing the items ; I expected to get money from Mr Thynnoou the mortgage deed to pay Mr Loudon, who was pressing me ; if I had got £100 1 would have been all righ*. ; when the property washanded over to Mr Thynue, I ha I book debts whioh I thought would have paid ray creditors, if I could have got them in in time ; I knew when I handed over the land to Mr Thynne, I must file ; the property on the Tramway does not belong to Mr Thylme; he holds the deed of it as security for i'GO worth of flour, to be got by me, but I have not had all thit amount; the property belongs to the estate ; I have no other landed property ; four years ago I gavo P. Cooper a piece of land ; ho had the title ; he died a few days ago ; I never sold Mr Futter a saddle ; young Cummerfield had a saddle as part payment of his wages ; some shingles and palings said to be mine, really belonged to J. Coley ; I threw up a lease I held from Mr T. U. Cook ; the two horses I used belonged to my <vifo ; her friendj jave them to her : I have no cattle ; the deed of settlement of the catile on my son is the only one ; I owe Mr Cook nothing ; hj kept ray books for 6 months ; I don't thiuk the charge he makes is fair ; lie only worked two or three days n month, to make out the bills, and enter the accounts in the ledger; he has charged at the rate of £00 per annum ; when he went to Wellington I gave him £10, and when he came bank he said, " Harry, I don't know how I am going to pay what I owe you;" I said "Well, strike off the account, as you have been work ing forme in Wellington; I authorised him to mark off tha account up to that date ; that was 16 months ago ; I had another account for goods supplied since, but never authorised him to mark that off ; I understand he has done so, but without my knowledge or consent ; 1 hear that Mr Cook has sent in a declaration of debt ; I deny that account en ■ tirely ; I have a bank book, and will give it to the trustee.

This concluded the examination, and the meeting then adjourned.