BANKRUPTCY.

New Zealand Mail, Issue 1199, 22 February 1895, Page 17

BANKRUPTCY.

A bankrupt stated on Friday to th« Official Assignee that "he was paying 12s per month interest on a bailment of .£l2 on his furniture. Mr Ashcroft pointed out that this was equal to .60 per cent, per annum, which he considered monstrous. He said it was a pity that there was not some kind of an institution here similar to the Mont de Piete of the Continent, where workmen and others could get; small Joans at a reasonable rate of interest.

An informal meeting of creditors in the estate of Hugh McParlane, railway employee, was, held in the Official Assignee's office on Friday morning, Mr J. Ashcroft presiding. Mr Hindniarsh appeared for the debtor. In his written statement, the debtor said that he had • come to Wellington from Invercargill in 1892, and almost since then was employed on the WellingtonManawatu llailway at 8s per day. About 18 months ago he endorsed a promissory note for £l2, and for this amount judgment was obtained against him, although he had paid off £6 l2s of it. He was put to considerable expense through sickness in his family, and in consequence of an imprisonment order obtained against him by the Wellington Loan Company for .£l2 was compelled to file. In answer to the Official Assignee, the debtor said he would pay all his debts if he got time. The meeting was adjourned sine die.'"* I'* 1 '* The following statement of assets and liabilities has been filed by Hannah Pearce, housekeeper:—The total liabilities (which are unsecured) are set down at .£B3 18s 3d, and the assets, consisting of furniture, at £2O, leaving a deficiency of .£63 18s 3d. The creditors are—J. Palmer, .£2O; H. Fielder, .£l7 8s sd; John Graham, Masterton, .£l3 9s 7d; Charles Hughes, Masterton, £9 12s 9d; A. C. Hoar, Masterton, <£9 10s ;E. W. Wilton, .£6 14s 9d; Wardell Bros., .£5; E,. J. Kelly, £2 2s 9d. The total liabilities in the estate of Frederick Butler, painter, who has been adjudicated a bankrupt, are set down at .£149 5s lid, all of which are unsecured. The assets consist of—Shop fittings, <£10; book debts, «£32 19s Bd, estimated to produce .£2O; furniture, .£2O (allowance); leasehold property, valued at ,£3O: total .£6o.—Deficiency, £B9 5s lid. The principal creditors are—R. and E. Tin gey, .£33 2s; Henry Gills, .£23 16s; Pacific Loan Company, ,£l3 ;J. W. Evans, i£B 10s; E. W. Mills and Co., £6 9s 4d; Colonial Bank, £7 ; Halley and Ewing, .£5 Is 3d ; A. Fitchets, £5. There is also a disputed liability of 0832 10s.

An informal meeting of creditors in the estate of James Briggs, hotelkeeper, was held on Monday afternoon in the Official Assignee's office, Mr J. Ashcroft, presiding. Mr Poynton appeared for the debtor, who, in his written statement, said that he took the Albert Hotel about two years and ten months ago. It never paid from the start. He paid .£BSO cash for the goodwill and furniture. His wife died during his tenancy, and her long illness interfered with the business. • His bankruptcy was not due to any fault of his own, as he honestly did his best to make the hotel pay, but was not successful. Mr Ashcroft said there was. only one creditor present, and he would adjourn the meeting until Monday next at 3 p.m. As far as he could see there were no available assets, as Castendyk and Focke had a bill-of-sale over everything.