MEETING OF CREDITORS.

Otago Witness, Issue 3958, 21 January 1930, Page 31

MEETING OF CREDITORS.

BALCLUTHA BOARDING HOUSE KEEPERS.

An adjourned meeting of creditors in the estate of William and Georgina Proudfoot, of Balclutha. boarding housekeepers, yvas held before the official assignee (Mr J. M. Adam) on Friday morning.

'1 he assignee said that tyvo questions had been left over from the last meeting. With regard to the property. Mrs Hogg yvould have nothing to do yvith it, and he (the assignee) had received notice from the first mortgagee stating that he yvas going to enforce his security. It was a question what the creditors would do. Perhaps it yvould be better for someone to carry on. The result of carrying on so far yvas the receipt of £8 5s 10d, the electric lighting still to be paid for, A creditor asked if the bankrupts could not make an offer of any sort. Mrs Proudfoot replied that she did not think her health would allow her to carry on.

Proudfoot, in answer to the assignee, said that he had no capital. A creditor, to the assignee: Are you satisfied that bankrupt has kept his books properly ? The assignee replied that he yvould examine him on that point. In the tourse of examination, the bankrupt said that Airs Proudfoot had received money from Home, and it had been paid out. The assignee remarked that the cash book had not been made up till recently. Proudfoot, replying, said that it had been made up from other books. The assignee asked Proudfoot if he had totalled up all he oyved. Bankrupt: No. I didn’t. A creditor (smilingly): That docs not count, Air Assignee. The assignee: I can’t see from these books how you could have knoyvn lioyv you stood. All W. Ward, representing the Cooperative Fruitgrowers of Otago: I think it is a case for the Croyvn Prosecutor. These books yvould deceive creditors; not assist them. Later, bankrupt said that neither he nor his yvife had any means at all. It yvas resolved that bankrupt’s discharge be opposed until he paid 15s in the £. one creditor expressing the opinion that the position arose from sheer neglect on the part of Proudfoot. It yvas further decided that the mortgagees be left to exercise their rights as to the boarding house.