BANKKRUPTCY.

Poverty Bay Herald, Volume XVI, Issue 5622, 18 November 1889, Page 2

BANKKRUPTCY.

MEETING OF ANDREW GRAHAM'S CREDITORS. A meetini; of creditors in the estate of Andrew Graham was held this afternoon. There were present — Messrs W. F. Cratrfoid, W. Adair, Scott (Clothing Factory), Townlcy, D. M. Orr, A. R. Muir, H. Finn (for creditors), H. E. Johnston, W. Graham, J. H. Stubbs, and T. Hamilton. Mi- Kenny attended on behalf of the debtor, and Mr Nolan for the Assignee. The Assignee said the meeting was called to confirm the resolution passed on the 4th inst., that the debtor be given his furniture as mentioned in the schedule to the exteutof £250. All the creditors present, representing £8,253, were unanimously in favor of theresolution. Mr Graham thanked the meeting for their consideration and kindness. He wished to correct a wrong impression that had been conveyed by the report which had appeared of last meeting. He referred to the statement that he went into the House with the object of settling the titles of the Assets Company. He certainly never intended to mean anything of the kind. What he intended to say was that one of the reasons why he went into Parliament was that he thought it would be of considerable benefit to the country at large if the disputed titles were settled, and that as he had an intimate acquaintance with the question, he thought he might be of service in placing Native land legislation on a better footing. He knew the subject in all its phases. Nothing was further from hia intention than to say that he sought election to benefit the Assets Company, though of course the company would gain by the amendment of the law. He felt he could take credit to himself for assisting in the general legislation which had been passed in regard to Native matters generally. What he had said at last meeting had been twisted to mean something different. He hoped that a correction would be made, as political capital was being made out of it ; but whether that was the case or not, he would not like to see the Government twitted of yielding anything to him for the benefit of the Assets Company because he was a supporter of theirs. No such thing took place. Any benefit which the Asset 8 Company received was through the general amendment of the law. Mr Finn said he was present at last meeting, and he concurred with what had just fallen from Mr Graham. He had stated that one of his objects in going into the House was to settle Native titles, and the Assets Company was only mentioned in answer to a question put by Dr. Pollen, as to whether the Assets Company had been benefited by the alteration in the law, of course, the Assets Company, like all other parties interested in Native titles, was benefited, and in this way the misunderstanding arose. Several creditors who were present at last meeting, also expressed an opinion that there had been a misunderstanding. Mr Hamilton proposed that every facility be given to Mr Graham to get his discharge, and that the Assignee be recommended to make no objections to such being granted. The resolution was carried unanimously.