BANKRUPTCY.

New Zealand Herald, Volume XXV, Issue 9103, 11 July 1888, Page 3

BANKRUPTCY.

DEBTORS' EXAMINATIONS.

A. S. Board.At the Official Assignee's office, Albert Say Board made the customary bankrupt's statement. He said he arrived in the colony from England three years ago, and having been for two months without employment he entered the service of the Auckland Stud Company. He eventually got a remittance of £30, and with this he bought a horse and cart, and in December last he took over the business of the Auckland Parcel Forwarding and Delivery Co., agreeing to a price of £256, and he gave a bill of sale over the property. He conducted the business until the 23rd ultimo, when, finding that he was losing money, and getting into debt, he handed back the property to the owner. His unsecured debts amounted to £215 8s 4d, and his assets consisted of a few book debts, worth about £6 lis 9d, and his household furniture, valued as £15. In 1878 he bought a farm of 100 acres near the town of Burnham, in Somersetshire, for something like £7600. The property was sold under his father's will, and he had an interest in the proceeds. On this property and 20 acres adjoining, which he had previously purchased, he obtained money, amounting altogether to £8079 lis lOd, on the security of mortgages over the land. The rentals about met the interest on these mortgages. Before he left home he tried to sell this property, but the highest offer made was £7500.

C. H. J. Harden.Claus H. J. Harden was also examined before the Official Assignee yesterday. Eleven weeks ago he bought a store at Pokeno at the vendor's valuation. He lost money on the venture; and as the vendor refused to take the property again at a valuation of £50, witness had to file a petition of insolvency. His unsecured debts were £273 19s Id, and those secured amounted to £125, the value of the securities being estimated at £600. His assets were as follow :—Stock-in-trade, £200; book debts, £20 ; furniture, £20; and surplus from securities in the hands of secured creditors, £175. Abalance to credit was thus shown, but it was doubtful if the freehold properties, which were included in the assets, could be realised at present. MEETINGS OF CREDITORS. J. C. Cairns.—The creditors in the estate of J. C. Cairns met at Mr. Lawson's office yesterday. The debtor was examined at considerable length with respect to the affairs of his estate, and the meeting was then adjourned till to-day (Wednesday).