BANKRUPTCY.

New Zealand Herald, Volume XXV, Issue 9020, 5 April 1888, Page 3

BANKRUPTCY.

MEETINGS OF CREDITORS. William Stubbing Wilkinson.— meeting of creditors in this estate was held yesterday at the Official Assignee's office, at which there were present The debtor and his solicitor (Mr. Thome), and Dr. Lewis and Mr, Mullins. The creditors ex, pressed the greatest sympathy with the bankrupt; and it was resolved that it be left to the Official Assignee to realise the property to the best advantage, and the creditors expressed thamgelves satisfied vhat the conduct of the bankrupt had been satisfactory. . ' , ti , H. Jackson.^—A meeting of creditors of this bankrupt was held yesterday. There were present: —The bankrupt and his solicitor (Mr. W. JP« Buckland), and Messrs. Jowitt, J. Buchanan, Sturges, and Martin. It was resolved, on the motion of Mr. Jowitt, that Mr. H. Jackson's offer of a composition of 6s cash in the £ on all proved debt® be accepted, such composition to be payable within one month of this resolution being confirmed and approved of by the Court of Bankruptcy. DEBTOR'S EXAMINATION,' David Best, a farmer was examined by the Official Assignee yesterday. He made the following statement t— first bought 36 acres on time payments It waa all bush, arid was cleared by degrees over a number of years, and I filled my time as well as I could by taking outside work for a living, and have been mainly dependent in this way ever since, and have had to bring up twelve children. About four years ago, as my children were growing up, I took 84 acres more land on the same terms as the other. Instead of improving my gosi tion, I found myself getting worse, and > this day I have never been able to pay one sixpence towards the purchase money on either lot, and am a year and a-half behind in interest. Work is now very scarce, and I feel that it is quite hopeless to go on as I am. The creditors, four in number, were pressing for their money, and I filed because I oould see nothing else for it. I owfi £86 9s 9d to these creditors. All I have in the way of assets consists of six cows, worth about 30s each, and an old horse twenty-three years of age, quite valueless. My household furniture is not worth mora than £5. I estimate the value of the twoj lots of land at £504, with imErovements made during my occupation, ut have no idea what it would fetch, as no land has been sold in that locality lately. The liability on the two lots amounts to £450, including £100 borrowed from the owner about four years ago, and. overdue interest on this and the purchase money. I cannot hold out any hope of paying my debts, as I have seven small children, too young to work, and a very delicate wile to support, and have only occasional work, and the produce of the six cows to do it with. '