BANKRUPTCY.

New Zealand Herald, Volume XXVI, Issue 9437, 7 August 1889, Page 3

BANKRUPTCY.

CREDITORS' MEETINGS. George Fraser and Sons.A meefcing-of creditors in this bankrupt estate was held yesterday at the Official Assignee's office, but no business was transacted, and the meeting was adjourned for a week. W. H. Subritzky.—A meeting of creditors in this estate was held yesterday at the Official Assignee's office, Present: Messrs. A. H. Nathan, Calvert, Coleman, Cnthbertson (for Laybourn and Co.), Mr. Tewsley (Sargood, Ewen, and Co.), and Mr. Ten nan (Bank of New South Wales). The minutes of the last meeting were read. It appeared from a memo, sent by the manager of the Bank of New South Wales, (Mr. Tennant) that the Bank held all the deeds, but they could neither sell nor dispose of them. The Official Assignee said the bank was perfectly willing to surrendei the deeds in which the bank nad an interest. The bank held interest in the property, but it was of little value. According to Victorian law the bank's Ken gave a right to hold a property for debt. On the motion of Mr. Nathan the following resolution was agreed to :—" That the offer contained in the letter from the Bank of New South Wales, of the 26th July, be accepted, and that Jackson, and Russell be asked to agree to the whole property being sold in the interests of all concerned. Failing their agreeing to the sale* that the Court be asked either to have W. H. Snbritzky's interest defined, or in the usual partition suit, as to sale of the whole property." The Assignee was instructed to obtain solicitor's advice as to Subritzky's interest in the property, and whether his half-interest could be substantiated.