MEETING OF CREDITORS.

Otago Daily Times, Issue 14439, 4 February 1909, Page 4

MEETING OF CREDITORS.

A meeting of cri'diiois in the estate of Daniel (iiiun M'Lcihl, builder, of Dunedin, was held on Tuesday afternoon before Mr \\. S. Fisher, Ollieial Assignee. 'I be .-.iatcioent by Ihe bankrupt showed that in !900 he was burnt ( mi, and all his lnioks and papers were destroyed, so that he couid nui slate what his position was, hut lie believed hini-elf lu br. then perfectly solvent. lie altnliuied his losses siuee the tit- 1 lo taking umvinunerative conlravts. .lie e.siimaied lhal in June hist he hud in £121 17s Id. Tho li>t of unsecured creditors included: Dunedin Hardware Company, £209 Is Id; Mew Zealand Hardware Company. £34 9s 3d; <1. .Mid .V. Wilkinson. £22 t\; liamiiu;ham and Co., £10 lis 4d; M. Stevenson, £10 12s 101; Adams liros., £46 14s 7.1; W. Watson, £29 Is bd: T. Coattworth. £10; ami sundry other small items totalling in all £441 14s sd. Asset* comprise*! book debts, showing that ibe bankrupt claimed £109 Hs duo on Dr Martin's contract, £62 19s 4d 011 Mr Kurnsidc's job, and other liniall item- a-ileged to be due. totalling £242 18s 9(1. Mr Downie Su-wurt. !'«-i>res»Mitod \V. Wat. poti. Mr W. I/. Moore IJIO Dunedin Timber Company, Mr fl. D. jltxlford T. If. Coatsworth, ;;nd Mr Statham appeared for the bankrupt. Mr t-Vher said he had examined the lions sent in and thought thrre was very small prob-ibil'iv of ;i dividend being paid by the estate. The Iwikrupt had kept no cash hook and no regular banking account, cons'.(|iientlv there was nothing to sliow what hi* nveipts and expenditure bad lxvil. The lien-holders would, however, have to show fully that they had complied, wit.li the provisions cf 'be art. Kcyond that., lie did not ?«• what could be dor.o in the way of roalisiu.r the .v.sets. Tim* Ivuikrupt. in reply to qnes! ions. said that orevious lo 'If fire lie had made a composition with his Avcsliiovs, ami his frustee h."d pud h< fid in tlie pouinl on 1.110 first dividend, and two bills of £25 each wvre given a- c further payment. At ibo firo all flit' wopipls and account wow in a Ixiok t-lrat was de.;i,rovrd. On thn motion of Mr M. Stcvonson, fecond"<l by Mr W. L. Moore, Mr A. W. •Siables (New //-aland Hardware Coinpanvl n's'.ooi.'iteil witji the As-signee ii: realising th" bankrupt's estate.