MEETING OF CREDITORS.

Otago Witness, Issue 1901, 10 July 1890, Page 12

MEETING OF CREDITORS.

Re T. Lindsay.

An adjourned meeting of creditors in the estate of T. Lindsay, cattle dealer, of Palmerston, was held at the official assignee's office on Friday afternoon, and attended by three creditors.

The Assignee said since last meeting he had communicated on two occasions with the bankrupt's solicitor, and the last letter he got stated that the doctor would allow him to see Lindsay, but not to examine him. He therefore thought it was upeless to go to Palmerston. In the meantime Mr Martin had made up a number of accounts. There was one question about a cheque for £25 to Mr Everest, which certainly was not paid into the bank, but Mr Everest said cash was paid. Mr Lindsay, however, denied that he received cash. That was a point he wanted to examine Mr Lindsay about. If cash was not paid it would reduce Mr Everest's claim. There was another question about an order held by the Colonial Bank for £60. This was on Findlay and Co., of Oanaaru. They said they never received any value for the order, but Lindsay stated that a number of sheep were delivered to them by a man who was at present up-country. He (the assignee) wanted to see this man about the matter. With regard to the accounts, perhaps Mr Martin oould tell the meeting something about them.

Mr Martin mentioned that he had got a list of the purchases and sales during the last six months, and there were 16,900 sheep sold and ,16,110 bought. The Assignee said the main point seemed to be a question of accounts between the bankrupt and the Farmers' Agency Company. The only question was whether the creditors would authorise him to take legal advice as to whether there were any grounds for a claim for fraudulent preference as regards that company. He believed the bankrupt had said something about being pressed to pay some people, and he was very sorry he oould not play Mr Reid. It was agreed that the assignee should take legal advice as to the claim for fraudulent preference, and the meeting terminated.