Bankruptcy Meeting.

Poverty Bay Herald, Volume XIX, Issue 6481, 26 September 1892, Page 2

Bankruptcy Meeting.

A meeting of creditors in the estate of Eustace Fannin was held in the Deputy Official Assignee's otfiee this afternoon. Present— Messrs Allen, Pettie, Nolan, East, Jones, L. Rees, Arch. Williams, and the debtor The debtor, on being sworn, stated that through bad weather he had been prevented from working. He had filed because of pressure by ono of his creditors. The debts were contracted during the past; two or three years. Tin; debts due to Amies Roardon and {}. T. Fanuin were for money lent to debtor. Had had constant employment lately, and the debts are those for his ordinary expenses for living. He had earned in wages during the last two or three years on an average from L 2 10-s to LH a week, and out of this sum he had to find himself in food. He had not had any sickness in his family to contend with. After paying his own expenses he had about L 2 a week left for his house. The stock-in-trade mentioned in the schedule represented two horses and saddles. Ho had no other assets outside those mentioned in the schedule. He proposed to pay hia creditors 5s in the \j in six months. This would be the proceeds from work promised by Mr O'Ryan. He had filed not because Mr Allen had sued, but because he thought his other creditors would take the same steps. The money borrowed from his relatives was to pay off a bill of sale on furniture which he had about two years ago. The furniture had been sold and the bulk of the proceeds from the sale had gone to Mr Finneran for rent. He had not kept any account of what moneys he has received during the last six months, but Mr O'Ryan would be able to inform j the Assignee. In answer to Mr Jones, debtor stated he had borrowed the money to file. Mr Nolan s-iid he could not understand how debtor could have got himself into this mess. He had been in constant employment. Mr Rees explained that there would be about L6O accruing from the work offered by O'Ryan, and this would pay the creditors about 10s in the £, if his relatives' claims were left out. Mr Pettie thought if a reasonable offer were made the creditors would be willing to give debtor time. Mr Rees explained to the meeting that there was a likelihood of there being a profit of from LSO to L6O on the work offered to debtor by Mr O'Ryan. The debtor made the following offer, subjoct to the claims of Agnes Reardon and G. T. Fannin being put on one side, to pay l()s in the L to the local creditors within six months. Mr Pettie moved that on payment of 10s in the L the discharge of the debtor be facilitated. — Carried.

James Fraser, a bank Iclerk at Pohnont, Scotland, ran a-muck with a sword, on July 2(ith. He hacked a neighbour to death, and fatally wounded his wife. In the street he killed a young woman. He was captured after a desperate struggle, and is believed to be insane.