MEETING OF CREDITORS.

Otago Daily Times, Issue 19802, 29 May 1926, Page 19

MEETING OF CREDITORS.

MCIUXX'it BROS/ ESTATE. FUIITH i;r information wanted. All adjourned moot iti" of creditors in I lu> bankrupt, estate of J.anco Murdoch and Ivan Aiumlo. li, builders. trading as Murdoch Bros., Mas hold al. the oitb c ot (ho (dtivial Assignee in Bankrupty yesterday afleniuon. The Official Assignee iMr E. VS. Cave) presided, and the foliouing wore present or iepie.-enlcd ;--Both ha nki upls, All' t*. 1. Uayloe isohcilor). Mrs I. Murdoch, M‘GiU and Co. (Mr Marlin), .1- Kcolt and Co. (Mr J. Molt). John Edmond, I.id. (Mr 0. I’. Williams), ( . and W. Kind. Ltd. (Mr Sdiol), Simpson and Barnes (Mr \\ . G. Morrison), ilr F. Z. Moore (representing several creditors), Hogg and Co.. Ltd- (Mr A, J Allen), Mr A. J Bobbett, J. and T. Christie (Mr Christie), Thomson, Mridgor and Co. (Mr 11,I 1 , Dawson), Laidlaw and Cray. Ltd. (,\ir Hubert Gray), M'Connaok and Wood (Mr J. M'Ccrmaek), Mr D. Leslie, Mr C. J. I- While- , The Official Assignee said a meeting he.tl throe weeks ago had been adjourned to permit of his getting information relating to the ho .so properties owned liy (lie bankrupts and also to invmtigato certain preferential chums and with regard to liens. In connection with the Kaikorai house ho had cone into the figures and found that it had cost £1513: of this sum £179 had been paid in. wages, which he thought was rattier an ext ra . ag.nit amount. Several creditors: A ridiculous sum, font inning, Mr Cave said an agent had valued (lie house at £llsO. It appearec. that this house was started at the beginning of October and completed early in March, and £179 in wages seemed extraordinary. From what he could understand they had an average of throe men at work on the job. in addition to themselves. Mr Bayloe sni cl he did not wish such a statement to go unchallenged, I here ails nothing to support the allegation. Ihe conveyance made hy the bankrupts was by way of a compromise, made to save expense. The Assignee said (hat in addition to the Kaikorai home the bankrupts had a property at Christchurch in which there was some efjuiiy. The liabilities, he (nought, would total about. £ 00. Mrs Muido li s house, which was built bv (he bankrpts, absorbed £546 for 30 weeks’ wages. Mr Allen: Were the bankrupts paid wages? 'p} lo Apsiprtico; They allowed IhomscDos £6 per week. . , Mr Moore: Ihe question is; Did they work ? -ii The Assignee then produced a timo-bonu which Mr Alien proceeded to peruse- He then suggested that it was now a matter for the Inspector of Factories to proceed against dm bankrupts for keeping a timebook such as that produced. Ho moved that the work on the Kaikorai house shoind be valued. 'Phis was seconded bv Mr Gray. Mr T.aylce said (lie debtors did not know what the properties would realise, and were merely luxating the air. Their hands were tied/ lie had advised debtors to make up the deficiency hy wages or some other means. He suggested that die motion he waived until dm deficiency had been determined. The motion should lie brought UP again if necessary. The Assignee said he had arranged that the house should he sold on .Tune 5. Mr Leslie said the house had been valued at £IOSO for mortgage purposes, and at £llsO hy another firm for sale purposes. Mr Allen’s motion was then put to the meeting and carried. Messrs >T. M’dormaek and 11. 0, Anderson were appointed to value dm house at Kaikorai and to arrange for the laying down of paths if necessary. The Assignee said he would call another meeting after the properties had been disposed of.