PENNILESS BANKRUPTS.

New Zealand Herald, Volume XLVI, Issue 14143, 19 August 1909, Page 6

PENNILESS BANKRUPTS.

KING COUNTRY FAILURE.

The first meeting of creditors in the "bank nipt estate of Henry Antony Jensen and

his three brothers, Jens Peter, John Ed-*

win, and August Wm. Jensen, sawiaillers, , t ; of Aria, near IVKuiti, was called for yes- ' terday forenoon at the office of the official assignee (Mr. E. .Gerard). H. A. Jensen - was the only one of the debtors to appear, . and with him was his legal adviser (Mr, .V;, Dunlop). There were only a few creditors present.

The assignee announced that, in the ab- V' sence of the other three bankrupts and : owing also to the fact that he had not T,< been furnished with the requisite state- v ments of the Jensen Brothers' affairs, he could do nothing but adjourn the meeting.

Mr. Dunlop asked that before the next meeting was fixed the question of bank-' : rupts' expenses in coming up tp attend it V should be considered. The . bankrupts V". were, he understood, penniless. The assignee, wanted to know where the money was to come from. What, ho / asked, were the assets? Mr. Dunlop: About £250. The Assignee: What do they consist of! ; Bankrupt: There are some 'good book debts. , The Assignee: I will not «sk the creditors to pay bankrupts' expenses. (To "■' bankrupt): What arc you employed at? Bankrupt : Nothing. We are in tli9, | worst place in Ne„w Zealand to get work. r| We cannot get it. Then how are you managing? Oil, wa "3 earn a few shillings to live upon. ,{ ?> Well, I can do nothing. You come to -~ the Court for protection. ; I charge. ton, all to be here at the next meeting.—We will, if possible. If not you must take the consequences.—« We will make every effort, but if we have ' ! not got the money we cannot walk to 1 Auckland. ' _ Mr. Dunlop said the expenses of tha if four debtors would come to at least £7. It was difficult to see how they were* going . - to raise that sum. They were 28 miles ' from Te Kuiti, entailing a coach journey ffi to that town. % . The Assignee: They filed on their own / petition, for some reason not officially J? known to me. It is their business to ap- "T pear,*, .and give evidence, if they are required to give it. : Bankrupt stated that he had had. to borrow the money to corns- to Auckland that day. ' X'""^ 1 The Assignee: Well, it will pay you and, the others to borrow some more to come up to the next meeting. Bankrupt: Probably it will but I don't L know where we are to get it. Three of * us have families out there. 7^ll^ Wher-3 are you living?— tents, on] "X Maori ground. . . A suggestion was made at this stage by * '> a : creditor that the adjourned meeting' |§ should be held at Te Kuiti to avoid pense. The bulk of the creditors resided, £ in that district. } After some discussion this was agreed _• to, the meeting being adjourned until Monday morning, August 30, at the Te Kuiti'"? Courthouse. jf