THE LIQUIDATION CASES.

New Zealand Times, Volume LVIX, Issue 3007, 19 December 1896, Page 3

THE LIQUIDATION CASES.

Important Decisions in the Supreme Court,

Dij Tdc<jmj>h.—Prwn Association. Dunedin, December 18.

In the Supremo Court Chambers, in rv tbo Colonial Bank, a summons was granted for liberty to compromise with debtors to tho bank. No names were mentioned. In the matter of tbo Colonial Bank and tho claim of John Conned, a summons for leave to commence an action wan granted on security being given, and in tho matter of Brooks ar.d others v. Colonial Bank a summons was granted for discovery of documents. Jn re tbo J. G. Ward Farmers’ Association, Mr Justice Williams fixed tho sth of February as the date up to which debts and Maims should bo sent in for proof of claims to bo adjudicated upon in Dunedin. In tho summons for fixing tho remuneration of tho olliclul liquidator, His Honor declined to make any order at present in respect to Mr Cook’s services before ho was unpointed provisional liquidator. The commiaion suggested for his services since that date was 21 per cent, on what had boon, and would bo, realised (estimated at XUS,7*43), which would give about XI7H for tho two years. It was stated that owing to a Hucee*bful season m ♦iaf.H, enabling tbo tanners to pay tboir debts, the estate would benefit by about .£IO,OOO. Tho Judgo fixed tho remuneration at 2i per cent, on tbo gross aum,. ,Tho question of clerical assistance was reserved. Tho 2i per rent, is to oover commission on account of sales. _ In re tbo New Zealand Pino Company, Colonial Hardware, Woodware and Implbmoutt/'ompany, and the Southland Farmers’ Implement and Company, tho Mb February was fixed as the date for hearing petitions to wind up. The same date was’ also fixed for appointing an official liquidator. ■ „ _. , .. In re Walter Guthrie and Co., Limited, tbo Now Zealand Pine Company, Limited, Colonial Hardware and Woodwaro and Implement Company, Limited, and Southland Farmers' Implement and Kngmoering Company, Limited, ft summons for_ the appointment of a provisional official liquidator, Mr Honking said tbo Bank of Now Zealand proposed Mr W. K, Cook as liquidator for tho three companies. Tho other side wished Mr Tiront as co-liquidator, and bo objected because Mr Brent bad been secretary of Guthrie and Co.’s and to the allied companies. Mr Solomon contended that- sufficient ground laid not been shown for notappointing Mr Bron t. The bank lie Id 15s Od in tho £ of tho assets, but Mr Guthrie, Sir R.-Stout, Messrs Sim and Mondy hold -£50,000 worth of shares. His Honor said there was no personal objection to Mr Brent, but- if one competent person could bo found, it was far bettor to entrust tho duty to him. There was danger agreement while the Court was not sitting. Ho would, therefore, appoint Mr Cook, but would not give largo powers as to dismissal, which would bo limited to cases of misconduet.