JUDGE BROAD'S ESTATE.
MEETING OF CREDITORS. [by telegraph.—press association.] Nelson, Thursday. The first meeting of the creditors in the estate of the late Lowther Broad, District Court Judge, was held to-day. The assignee read a statement, showing that there were secured creditors to the amount of £2235, and that the value of the securities was £2850, while the unsecured creditors were stated at £2811; but the assignee said that the claims would aggregate close on £4000. The net assets be valued at £840, and calculated that the estate would pay 3s 6d in the pound. He said that some creditors held life insurance policies as liens, but that certain of the assignments was not legally binding. The total value of eight policies on the life of deceased wa3 £3400, and of that £1500 belonged to the family, while another £800 would go to them, as the assignments were invalid. The Government were giving a compassionate allowance of £900, so that there would be about £3000 for the family. It was understood that the estate would be administered as speedily as possible.
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New Zealand Herald, Volume XXIX, Issue 9027, 4 November 1892, Page 5
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181JUDGE BROAD'S ESTATE. New Zealand Herald, Volume XXIX, Issue 9027, 4 November 1892, Page 5
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