SUPREME COURT.

Otago Daily Times, Issue 13861, 26 March 1907, Page 7

SUPREME COURT.

IX BANKRUPTCY. Monday, March 23. (Bcforo his Honor llr Justico Williams.) RB F. T. WILLIAMS, HANKRUPT, . -Frederick Thomas Williams applied for an order of discharge.—The Official Assignee fctuted that there was no objection to tho dischargo being granted, and an order was made accordingly. UREASES OF THE ASSIGNEE. Applications by the Official Assignco for his Tclense in the estates of Aaron Dyke, Archibald Morrison, "William Xisbct, James Allen, ltodcrick Carey, ,Harriett Kussell Morrison, Stowart M'Donuld, "William Somerville Ritchie, and Charles James Henry Thornbou were granted. A PUBLIC EXAMINATION. . William Ling Page, a bankrupt, was brought before the court for public examination by tho judge. ■ Mr W. L. Mooro appeared for Guthrie, Bowron, and Co., creditors in tho estate; Mr Brugli for several other creditors) and Mr Statham for bankrupt. Bankrupt, sworn, said, undor examination oy Mr Moore, that in July last bo believed he got credit from Guthrie, iiowron, and' Co. Mr Bethunc, a member of the firm, nuked witness what ho could send out; and ho (witness) gave him an order for what ho thought ho wanted at tho time. Tho order was for £15 12s Od worth of goods. How tho payments wero to be made va# reforred lo before they got to the office. Witness was to have tho stuff for stock, und pay for it when be sold it. Would contradict Mi Bethuno jf ho said he was led lo believe that ho (witness) was perfectly financial at tho time. Iho goods, wero sent out to witness on the 3rd and sth Julv. Witness callcd, a meeting of his creditors very shortly after ho ordered these goods front Guthrie, Bowron, and Co. Consulted Mr 1). 1). Macdonald a few days before that meeting was called.. Witness first found out his position shortly before he,culled his credijora together. Could not say liavr long bcjore, Did not think ho could then pay much more than 23 Cd in Die pound.— J'-iXaiilincd by Mr Brugli, Debtor raid he had been in partnership with a Mr Chirk, and oould not gay how long it was since 'lie pQrt*Jicrsllip wnn dissolved. Since |wvin« Olnrk witness bad taken ono contract at I'orl Chalmers at £.150, and another at Musselburgh at iKu. I[ o bought u pioco of ground for froiii Mr Hancock. and built a shop upon it. lie bought tho goodwill of the Icttfe. It cost i'l2D to crcct the shop, awl lie hud mortgaged that properly for £HO. Had .pent another £27 on the property. Mode a loss of £75 on tile I'ort Chalmers contract. Accounted for the loss by tlm' fact that lie took the contract too cheaply. The ledger should show 'n° r i 1 t-ho'Musselburgh contract, •tho loss on that contract would probably be about JC23. . Mr Brugh pointed out Hub tlmt would nieaii a loss of isfi on the contracts, £>7 on tno shop, and £70 alleged to lie owing to bankrupt by Ml. Tint, would bo £223. «itness, , continuing, said tho reason li 0 Valued his furniture, in the first instance wneu lie had a meeting of his creditors, at '?l afterwards, in his statement, at JGSO, WB3 that ho bolievcd at first there was a bill of sale over it. Ho did not consider £210 an inflated value to put upon the property shown in his statement. i r , os kcd debtor if he could acoimt ™ l° (ilffcro,l(; . o between tho £223 and tho £386 ho owed his creditors. His Honor: I don't supposo ho can. He kept no proper accounts and muddled. That is the secret of the thing, Hesuming his evidence, Bankrupt said ho gavei somo, iron to Briscoo aijd Co. about a month ago. Found out his position by goin» •?. "if Molts before he went to Mr Macdonali Would swear tho books woro as they now lvero wnoil he wont to Mr Macdonaid. Witness did not know much about books, and did not understand his cash book not being imido up, and showing in its present condition that lie was in credit £1)5. He kept a little book of his own, but it was not from that book iio had found out his position. After tlio luncheon bankrupt was further examined by Mr Bnigli, and also by his counsel (Mr Statliain). ' His Honor made an order that bankrupt ia<l finished his examination under subsection G of section 124 of " The Bankruptcy id, 1802." 1 '