BANKRUPTCY.

New Zealand Herald, Volume XXVII, Issue 8321, 30 July 1890, Page 6

BANKRUPTCY.

DEBTOR'S EXAMINATION.

Arthuk Nathaniel Emjott, marine fireman, a bankrupt;, made this following sworn statement before the Official Assignee yesterday :—About eight yearn ago I, in conjunction with a friend, bought the Northcote Hall. We paid £180 for it. The whole purchase money was to .stand at 7 per cent, for three years. At the end of that time wo paid off £80 (£4O each), and left a mortgage of £100 on it. We kept up the interest on this until we sold it, about four years ago. Wo Hold our interest, but did not got the mortgagee's consent to the transfer. No claim lias so far been made on us, so i suppose the interest has been kept up. Three years ago I bought a cottage in Kyber Pass for £320, to be paid for at 12s lOd per week. I kept up these payments for about eighteen months, when, owing to want of work, I got the owner to reduce the payments to !)s 6d. Since I bought the property I have been a good deal out of work, as much as nine weeks at a time ; and, of course, this had caused my payments to get behind. There are now about two months due, and the mortgagee insists on payment; but, having been out of work for three weeks, and only working now for a few days, with every prospect of a long idleness again, 1 could do nothing. I offered to hand over the property and give them the £5 as which it would cost me to file to be released, but they would listen to nothing. I am a married man, and when I am in work I average £0 to £10 per month. I have kept all household accounts paid, so that my total liability is on the properties referred to. My furniture is not worth £25. I have no other assets nor interest in anything beyond what is disclosed in my schedule.