Page 7 Advertisements Column 3

Nelson Evening Mail, Volume LII, Issue 81, 9 April 1918, Page 7

The preferential treatment which the landlord- is allowed, by the existing l av * T in regard to bankruptcies was referred to at a meeting of creditor in a 'bankrupt estate at Auckland. In bank>ruptcy in question nine months' rent, amounting to about £4O, had- been secured, by tihe landlord when he put in the bailiff. Mr James Payne said the law. as it stood, wa s most unfair. In addition to the case !bef<>re the meeting, h e cited a Wellington bankruptcy, where 'bankrupt, a tailor, owed about £2OO for Tent. The first the general creditors knew of the state of the 'business was when the landlord step'ped in and took possession of t'he whole of the stock, some of which ha-d. just ■been supplied by merchants. All the creditors could do was to look on and -view the "scoop." Mr Payne moved that th e official assignee, be asked to bring under the notice of the Minister of Justice the matter of tihe landlord's preferential claim in regard to rent nnd his power to distrain, and that Government Ibe urged, to amend the law at the earliest opportunity. This resolution was adopted.

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