BANKRUPTCY COURT.

New Zealand Herald, Volume LXIII, Issue 19496, 27 November 1926, Page 15

BANKRUPTCY COURT.

MANY CASES DEALT WITH.

A GUM-DIGGER'S DISCHARGE

NOTHING FOR THE CREDITORS

A number of applications for discharges and adjudications were dealt with yesterday at a sitting of the Supreme Court in bankruptcy. Mr. Justice Adams presided.

Respecting Charlie Kruger, a gum-dig-ger, whose estate had paid no dividend, it was stated the deputy official assignee at Whangarei was thoroughly dissatisfied with the bankrupt's conduct, and did not recommend discharge. Mr. Grevllle, for bankrupt, said the estate was small. His Honor remarked that there was small prospect that the man, who had been bankrupt three years, would be able to make any payment. The discharge would be granted. An application for discharge was made by Charles Stuart Cave, for whom Mr. Gatenby appealed. The official assignee, Mr. G. N. Morris, said bankrupt was a young man, and had been adjudicated in June, 1925. The creditors had unanimously expressed their dissatisfaction with his conduct. They considered he had incurred a large proportion of his liabilities when he must have known himself to be in a hopeless financial position. " My own view is that he was moro a fool than a knave," remarked Mr. Morris. His Honor: I expect the mercantile community will say it wants protection against both. The discharge was granted subject to suspension for the next twelve mouths. Discharge was granted to George Judd, farmer, who had been adjudicated in March last. Mr. Holrnden, for bankrupt, said the latter was an unfortunate farmer There was only one creditor. His Honor remarked that it appeared to be a typical farming case. The application of Arthur Webster, whose case was similar, was, also granted. The discharge of Percy Michael Mills, who had combined the callings of hotelkeeper, storekeeper, and butcher on the northern gumfields, was suspended for twelve months. Mr. Mowbray, for bank rupt, said his troubles had been due entirely to the slump in kauri gum. The man tad lost £2OOO of his own in the failure.

His Honor observed that the official assignee described bankrupt as " an incompetent muddler." If his assets were realised he would pay 2s in tlio pound.

Mr. Morris said some of the creditors had written, objecting to the discharge, but had not pursued the matter further.

The following were adjudicated bank rupt:—Joseph Rimmer, bus proprietor, Auckland; T. K. Thompson, quarry proprietor, Rotorua; Edward W. Rowlings, agent, Auckland; R. E. Burke, stock agent, Matamata.