Re E. R. Bradshaw.

Otago Witness, Issue 1751, 13 June 1885, Page 12

Re E. R. Bradshaw.

A raecWng of credit ra in (,ne e&titaof Fdwnrd Uovston Brnd«ha\v, fur raerchai t, of iiuntdin, was bed at tho Official Asuijjtnee'a r-fflee on SaturJav mornnifj' Mr Fr.ue. appeared for the dobtir. The birikmpt's olaieuieufi s sowedv owed tho amount due to uiisecumi creditors as £1463 Sa ; and to scouted C!editors£6S4(ef,tiaaatedvalutiofflfcuri(Jeghol.l £30(1). The *-seta we» c 1 et down r.t £261, made up as foliowj ■ - B»]anci'irom6o:uritieß,£U6; fumiturOjitO; stock-in-trade, £45; bock riobta. £10; B0 states in tho ' >tago Meat-fro zing and t-ro mco Company, £12 10s - iso Hhitca in the Australian Mutual nive fctook I-i' <M a co o'otupAny, 10s. Tha deficiency {3 £1205 Thj un<ecured creditors are as fallow:-- Low, Son' and Co . merchant, London, £U00; Union Bank J ua.ralia, £2.3; New Z aland Insurance Com any UB > ; Ofay;.. Uu.h T mas, &■>.>• D. Low, battler, Kels-, &■> ".Oa; Ta ( ,anui !;ourier, £5 10 3: J. R Mo>ri", j n •ihot-.«rapher, £9 93;9 3; Cu'ls. Culling, and Co £s'■5 '■ -v-rKU-aon at,d Mito et), £4 6J Bmcben and t!.> ' £2 ,,,1 3 ' ; 'k' k ' and Oo ' £l 6s : Ffa " e f »»d /« & l, f« : C - v c ,°' IP--1 'P-"" > »«on £18^; Ca^crn B8 (Mosgiel), £1 10 a; W. Stavey an .00,£3 33 fld. The Btcured creditor ia Mr X O Cirgill, geotieman, We. IWtcn, his -eouiitv hoint; a mortgage over s, town .svdijn to Bicure £6fio and i')ter-8B at 8 per vent - he amount rf tho <I^t is £681, and the estimated value of tbeaecuriy £800.

The Official rtSSiawjß remarked that the principal creditors iLw and 0.. ) wero 1,, L mdon, and the Union Bank, the second largest creditor, hud not vet Irov1 roy i v.-rf- c bankr ?P t Wl >uld no doub' orpiam how y,ho-e liatnlitien w«r« toe -rred Hi* nousa neroed o bo mo't(r'jr«.t fo- £684, ann ww valued at £BtO The Bankrupt explained that he connrento'd bustnpssin April -BS J buying rabbltakius on coinmieelon for such flrinn »s mi;hli cntruot tueir bmit.o'H to hiHe CDiiti. WiU thl- until t-o .fiilv foUowinjt, when Mr ...w. ropre-eijtlDsf the fi rm „f Low and Co., 1,-nuou. .jelled npj'i hun a.,d propoaju tbat the ba-.kruifi Hhould b»y, and ho would wrjwi^ credit for him at W-S^™ h * °->"»J <Jrawßjra'n,t«othßext«.i,t of £luo' per month i-eb;or ra Uiael that ha Had -in civital,^t.d W vo Mr (,ow reterences ao t-. charao ter. 'I ne invaues mrc mato ous, nud debtor, by tho airanuemen*. ws to d-, w up tJ 75 p r ro ir ' or the involcn That arrar.,-, ment was conn. mod io lie Ba- ; k 'y eibi^so, T hh cootinunj u>ri' Mr Lev inaln MBOU. tl> JV owZ6t | andln j ul yi S34iaDd , n -cwurjt of tho Bhinn l,a. ing ii,crea«cd in va'ua litre lie. on bohaif of tho arm, „ creaaad tho cr-dit, to: a to ]0 v dtfnor to dra-\- £2i 00 por mo;ito. The in%'.~u:e a Ae.ealflo alfpnd bo chas dehto couM d-aw up to S5 p.^r c w ' . i . S9nt tt!!oer - her ab '-t JiIC.OOO worth of ftfina in drafis, and £20 000 n inv.>i-es. with Yho net esulr of aIo s of £1003 in D-cemb, r la.t the nmkel »ook a Rum for the w., :8 0, nnd tad Mince conSinue-l to ■ftll Bradnally. Skins wh<ch uacd to blinic 29 2a to -in }™ ! a J'u t0 ls id *» )c 7'l. This result was ..ot xn l"p* cd by a-i' body. H.- prc-oal iadcbb> dnegj to the Bmk aro c, fj e ,irn«-io-i, through oi fide.nee in Vi ,n !' ' • " v > a " d his PO-ition v a.' entirely owing w the full in too mar c:. Ho>-h,iuld likothec.o .itorß to 6po » Jtt6-.r in hi-, . oasession wriUea by a ica.fi. g man ificturHr i/cim-;, and ehoffii)^ )h&t rnanufac- ■ urerg who hai gorno UK.nr* 0 a o p-irch'sed will'Djfly ...t 23nJbworG Bi,.c wiling to accept a loss oa such >urcha3fß of £10 a d £, 2 a t.alvj. Tno "- ssiqskb 8 iu i (; he principal point Beamoa to be ivh... >>/■(• ho wan ti proceed to r«alipo a 1 the as=ct?, tncudin,' the deb or's furn.t.'ire, or whether there ,\ti>" ■>,%' I (j6ructions to him on the suH ct. Mr Frasisi r ernar ][ ed thao til 9 dtibior w->uid not h «.h fil< d ut for the K.B3e« ai Home Ho could bai>o »SKe 1 for time (;-> pay th« cmvl cd'fo'-s here Tha -us; e.^ cd that n . re-oliition sh uld iib como to, hs tho two Sart'ent creditora wrre absent. 1 he Oni' it B^nk wouM ho In a r« sition to prove if au ad.iou f.rneut w«ro roa^e for a few dayp. An arijoiU' me t tux this \ u^posa wag eventually tua-ie uiui. TnutscUy, at 3 p m , t'e cieditow pn sent «"«.pre-8 uj: an op nio > shtt the debcor should be -llowud to rcain hii furni'uro.