THE BANKRUPTCY ACT. Re George Joachim

Otago Witness, Issue 1858, 1 July 1887, Page 11

THE BANKRUPTCY ACT. Re George Joachim

The statement' of George Joachim, accountant, a hjankjupt, shows the following particulars:—Total; liabilities," £12,495 4s 4d; total assets, 1 £1664 155'3d; deficiency, £11,830 9s Id. The unsecured oreditors' are;— A. W. Morris and James Mills (trustees for the estate of the late John Jones); £244 14s 9d; George W Pdgson, tunholder; £650 15s '2d; Dunedin Savings Bank, £67; Colonial Bank, £275 ; Otago Whaling Company, Port Chalmers, £150; Haegitt Bros, and Brent, £4 3s 6d; British and New Zealand Mortgage and Agency Company, £4752 78 9d; do, (contingent), £4800. • Joint liability: School Commissioners bf Otago, joint liability with E. B, Oargffl, J. Q k M'Ardell, and D. Carmi^el, £\oft 3s 3d ; National Mortgage and Agency Company (joint liability with sajpfie),,, amount 'unknown} Trustees, Executors,, and Agency Company (trustees for % afldß^s. Pitt), joint BabDity with G. W. ?ojpon and M. C. Qrhell (£8000), less value of section 7;1 and parts of sections 45, 46, 72/73, and -7^, Wock'l, Waikouaiti district (£2500). leaving a balance of £500.' ■ 1 Secured creditors and New Zealand Mortgage and Agency Company^ jpinjb lability

with E. B. Cargill, H. J. Gibbs, R. Gibbs, and the British and New Zealand Company (£2078 18s 3d), 1 less Value of Minaret 'flock of 9500 sheep, 20 cattle, and eight horses (£4750), leaving an estimated surplus of £2671 Is 9d, Toneseventh of which (£3Bl lls 8d) is due to the debtor. Dunedin Savings Bank (£4000), less value of sections 21, 22, 33, and 34, and part of section 32, block 111, Dunedin, la lr 26p, With dwelling-house (valued at £4000). >-• '•-

The assets are:— Book' debts, £200 (estimated at £40) ; cash in Union Bank, £1' Is Id ; furniture (household furniture' £350, books £100, pictures £250),'£700 ; property at Henley, £30; at; Burkes, £15; at Clinton,. £s; J. and J. Watson's debentures, £20; one Carisbtook ground share; 100 Trustees and" Executors Company's shares, £90; 274 Westport Coal Company shares, £342 10s; five Colonial Bank shares, £10; 10 National Insurance shares, £6 10s ; 100 Nil Desperandum shares,£23 2s 6d ; 1200 British and New Zealand Mortgage and Agency Company's shares (unsalable), and four Otago Whaling ' ' Company's ■ shares (unsaleable); surplus from security in hands of secured .creditors, $38! 11s Bd;— total, £1664 15s 3d.