MEETING OF CREDITORS.

Otago Witness, Issue 3522, 13 September 1921, Page 24

MEETING OF CREDITORS.

ROXBURGH AMALGAMATED COMPANY. By an order of the Supreme Court made on August 22 the Roxburgh Amalgamated Mining .and Sluicing Company, Limited in liquidation, was ordered to b© wound up under the provisions of the Companies Act, 1908. Last Monday morning a meeting of creditors which had been called by the Official Assignee (Mr W. W. Samson) was held at the Law Courts. ’ The proved creditors present were Mr J ■ V uigtii, £241 3s 6d; and Messrs William Brown and Co., represented by Mr IT. E. Wilson, £5 ss. The other proved claims were as follow: —Arthur Robertson (wages), £ll Ms; Todd Bros, (goods supplied), £8 18s 6d; and Thomas Gilchrist (wages), £8 Bs. Herbert Edward Wilson, in the course of a written statement, briefly set out the history of the company. Ho said that it was duly incorporated in tlic year 1889 with a nominal capital of £30,000, divided into 60,000 shares of 103 each. On June 20, 1892, the capital was altered to 30,000 shares of £1 each. In September, 1916, it was resolved to reconstruct the company, which was wound up voluntarily, and Mr Daniel Anderson was appointed liquidator of the new company, to be named the Roxburgh Sluicing Company. Mr H. E. Wilson, of Messrs Yv. Brown and Co., was appointed trustee for the company. It was within his knowledge that the petitioners who had asked the court to make an order winding up the affairs of the company were shareholders and that they held the following shares: —Vv. L. Simpson, 231; H. K. Wilkinson, 1417; Henry Crust, 250; C. F. Suadstrum, 163; and John Harry Waigth, 529. Each of these petitioners, with, the exception of Mr Waigth, was a director at the date of the commencement of the voluntary liquidation. John Harry Waigth said that Daniel Anderson was the last secretary of the Roxburgh Amalgamated and Sluicing Company, and was appointed liquidator thereof ill voluntary liquidation. Mr Anderson, who for many years had been, a resident of Dunedin, left Dunedin permanently to go into business in Palmerston North in or ajFout the month of June, 1921. On August 16, 1920, he (Mr Waigth) rendered to Anderson as liquidator mi account for £241 3s 6d, representing wages due to him as manager and caretuken in the

!• liquidation. He bad not received payment | of this account or any portion of it, nor had ! the liquidator at any time given any reason i why the claim should not be settled. He had j been informed by two men named Arthur j Robertson and Thomas Gilchrist that wages i due to them amounting respectively to £ll I 14s and £8 8s had not been paid. I John Henry Waigth, jun., chairman of \ the Teviot Electric Power Board, said 1 hair j in September, 1920, Daniel Anderson, liquidator of the Roxburgh Amalgamated Company, ! negotiated with his board a sale of certain mining privileges and plant for the sum of | £1250, reducible in certain events to £IOOO. On September 18, 1920, lie paid a deposit of £IOO on .account of this purchase, and on January 27, 1921, he telegraphed to the Bank of New Zealand at Dunedin a further credit of £4OO. Mr Samson said that application had been made to the Supreme Court to give him full power under the Act to take the necessary proceedings with reference to Mr Anderson. Mr Anderson had been written to regarding this £SOO which had been paid to him, but no reply had been received, and he also had I the books of the company, so that it would : be necessary io take further steps if he did | not reply to fire letter. When the books or j a reply came to hand he would call a further I meeting, but they could not do very much in I the meantime. There was no reason why : he (the Official Assignee) should not have j received this £SOO. I In reply to a question by Mr Wilson | respecting the agreement with the Teviot ! Power Board, Mr Samson said the company j was sure t-o receive either £IOOO or £1250 from I this source. ; Prior to closing the meeting the Official Assignee remarked that he would give Mr Anderson another day or two to reply before | taking further action.