SUPREME COURT—Bankruptcy.

New Zealand Herald, Volume X, Issue 2787, 3 January 1873, Page 5

SUPREME COURT—Bankruptcy.

THURSDAY, JANUARY 2. (Boforo His Honor Sir G. A. Arney, Knight Chief Justice, and Common Juries.] The ordinary sitting for tho hearing of insolvent petitioners was held to-day, and the following business disposed of : — Re. W. H. Piiilfs.—The liabilities in this caße were set down at £26 7s. 2d. The bankrupt is a labourer, but he contracted to carry a quantity of timber to Harris's Mill at Whangapoa. The Waitakuri Creek had however become shallow ao that he could not float the logs to tho mill. Ho was unable to perform his contract. There was no opposition, and the petitioner was discharged. Ke. James Mui/caixy.—Mr. Keetley appeared for the bankrupt. Mr. Hughes opposed. The bankrupt ib a contractor and cattle dealer. He hud a surplus of £60 over all li abilities in February 1872. Through the year his receipts were £573 lis. lid. and his expenditure £630 3s. lOd. The trustee's report described the accounts as extremely uncertain. The bankrupt kept no books, and his statement was made up from memory. But many of tho results set down in his schedule was mere guess work. He belioved that there were hardly any qf the items in the schedule that could be called strictly correct. —Mr. Keetley asked for aa adjournment, upon the ground that he hud received further accounts from the bankrupt, which he had not had time to examine. The effect of these fresh accounts would, he thought, be to vary the schedule and final statement. —His Honor said the bankrupt must have aworn to his schedule and final statement. Any supplementary accounts must be presumed to be matters of detail. They could have no effect upon the general result of the inquiry into tho bankrupt's affairs. He must decline to grant the adjournment. —The bankrupt was examined at great length upon amounts received and paid to various persons with whom he dealt. The bankrupt became so confused in his explanation of his receipts and payments, that it was scarcely possible to follow him.—His Honor said the day had been well nigh wasted in the attempt to get at the truth through j such a mass of contradictions. The bankrupt had sworn very carelessly and looßely. He would not give the bankrupt his discharge until he brought up proper and intelligible accounts, and gave satisfactory explanations of the facts alleged by the opposition.—The further hearing was adjourned to 25th January. Abjudication.—Mr. Keetley applied that Elias Jackmin be adjudicated a bankrupt, and a day fixed for the hearing.—The usual affidavits were read and the petition was filed. ADJOFBNED.—Edward Arnold, William Farey, Thomas Haywood.—The petitions in theße cases will be heard on the 25th of January,