IN RE J. R. SCOTT.

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

IN RE J. R. SCOTT.

A meeting of creditors in the above estate was held at three this afternon. There were present— Messrs Moore, Allen, Adams, Lewis, Friar, Score, P. Bourke, C.~Dunlop, H. M. Porter, Adair, H. E. Johnston^ Matthews, Page, Craig, Pollen, and Townley. Mr Finn appeared for the Assignee, and Mr Skeat for the debtor. The meeting was held to consider the debtor's offer of Ll5O, aud solicitor's costs, on condition that the estate be taken out of bankrupty. The Asaignee said the above amount would give a dividend of Is 3d to Is tid. He had received L 379, and had expended L 370, leaving a balance of about LB. He had sold the stock to Mr Harding for L 163, cash takings at bar L6l, and L 154 book debts. The expenditure was LlO5 for rent, L 152 for wages, L 44 Is 8d goods, &c. Good debts were estimated at L 75, doubtful L 65, and bad L 450. The debts proved against the estate amounted to L 1792. Mr 11. E. JJohnston moved that the resolution of' last meeting accepting debtor's offer be confirmed. Seconded by Mr Moore. Mr Skeet said he had received information from Auckland that unless the offer of Ll5O was accepted that day it would be withdrawn. Considerable discussion took place, and on being put to the vote the Assignee declared the debtor's offer was rejected by a large majority- for creditors representing L 327 ; against LI4GS.