BANKRUPTCY.

New Zealand Herald, Volume XXIX, Issue 8888, 26 May 1892, Page 3

BANKRUPTCY.

MR. G. WILSON'S CREDITORS. An adjourned meeting ol the creditors oi George Wilson, contractor, was held at the office of the Official Assignee, yesterday morning, for the purpose of examining tin? debtor upon certain points in connection with his bankruptcy. There were present : The debtor and his solicitor (Mr, Devote), and Messrs. C. Atkin, Atk'n jun., J. B. Macfarlane, Web ley (Mount l'jdon toll}, Dawson, and Neil (Neil and Laxon). The Official Assignee stated _ that he had examined the debtor since the last meeting, when in; said that he did not go to Australia, for the parpose of getting away * rem Jus creditors, nor to get his daughter out of the way. He raised the money to pay his expenses by selling his furniture. He was not at present worth £1, and it was untrue that he had offered £-00 lor any business at the Thames directly or indirect On being examined by various creditors, he said that the only why his daughter went to Sydney was for certain family reasons. He did not pay her passage. He sent no money away with her. He would not say whether lie had told Mr. Laxon that ho had never been further than the Thames. He took £11 with him to Sydney, and got assistance there from the Masonic Society. He had made an inquiry as to what Mr. Short would take for the nif'htsoil contract at the Thames. He never told Mr. West, of the Thames, that he was in possession of £500; nor did he remember telling Mr. Macfarlane or Mr. Atkin, prior to his bankrupty, that there was no mortgage over his property. He remembered a short time before filing coming to Mr. Atkin's offico and saying, " By the God of Heaven, Messrs. Cousins and Atkin shall never lose a penny by me." He did not remember being then asked if he was in debt to any large amount to Mr. Buck land. He was then asked to find the cash for certain debts, or to complete the security. On being questioned by Mr. Laxon, the debtor said": I have not come here to be trampled upon by you about a paltry £7. Mr. Macfarlane said that as Mr. Wilson did not remember anything, he did not see that it was any use to oppose his discharge. Mr. Devoro suggested that the best way was to oppose the discharge when the application for discharge was made. Mr. Atkin said if the bankrupt had met with his difficulties by any misfortune, he would have been the first to have helped him. For a considerable time, however, he by various excuses had been putting off the evil day. When he took up the last gravel contract, he must have known that he was losing money. That was not honest ; and the creditors had now to suffer for it. Just beforo his bankruptcy, the debtor had stated that on his Nelson-street property he had only a mortgage of a few pounds, which lie could pay off at any time. He also stated that his liabilities altogether amounted to only £GOO or £700, _ whereas they turned out to be about £1300. He (Mr. Atkin) would, under the circumstances, certainly oppose the bankrupt discharge. Mr. Devore said that under the circumstances he would advise the bankrupt not to apply for his discharge at present.