BANKRUPTCY.

Poverty Bay Herald, Volume XLII, Issue 13604, 9 February 1915, Page 4

BANKRUPTCY.

ESTATE OF ROBERT ROBB. The following statement has been filed witlt the Official Assignee (Mr J. Coleman) -by Robert Robb , of Gisborrie, wood and coal merchant, who has filed a petition in bankruptcy: "In September, 1904, I commenced business at Gisborne as a wood arid coal merchant in partnership with my brother, Mr Jas. A. Robb, alid with the addition of shipping business, 1 have continued to carry on a similar business to the date of bankruptcy. The - -partnership continued for' :six years, when another brother^ Mr Geo.Rpbb, joined the firm. Five years ago Mr Jas. Robb on account of ill-health, withdrew from the business, and Air Gco. Roou arid myself carried pit until, about three years "ago, when we dissolved. The business was then solvent, showing a net capital of £900 in my favor, with which I continued the business. JJntil last year the business .was prosperous, and it was only in August last that any real difficulties presented themselves. Shortly after the war broke out I found it necessary to reriew bills for December, and from that period I have felt the pinch. For the main portion of my business I relied on the shipping, and in- August this fell away to a very largo extent. Since then the vessel has made serious lossefc — freight fell off, and even when freight was secured, the boat was always delayed in consequence of the general disorganisation of trade arid the shipping business in particular. After the Christmas holidays L was served with a writ and four summonses, and another creditor pressed', for security over the ship. A distress warrant was put in, and in justice to 'the general . body of my creditors, I was advised., to file. I attribute mv bankruptcy to losses occasioned by the shipping 'business." The statement of assets and liabilities is as follows :— Assets : Plant,, build--ings, and stock-in-trade at Gisborne, estimated- at £400 ; book debts (£334 Is 2d), estimated to produce £200; cash in handj £3 8s; Waipa, colliery shares £50; surplus from securities, £2311 2s 2d; total, £2964 10s 2d. Liabilities: Unsecured creditors, £2253 5s Bd. Surplus, £711 4s 6d. ■■«:. ';•■■ Tie list of secured creditors, whose claims amount, to £3784 9s 2d, is as* follows: Robert T. Douglas. Auckland, farmer, estimated amount of security, £3095 11s 4d, amount of debt £1093 6s 8d ; J . De Costa, Gisborne, £1000— £763 2s 6d : John Friar, Gisborne, settler, £500— £400; R. H. Image, Matatwhero, storekeeper, £1500 — £828 ; Bank of J\'e\v Zealand (guaranteed Jay .F. Hall) £2900— £700. .The value of the property with .which tho secured creditors are concerned is as follows: Ship Elsie Mary £3095 11s 4d ; house and section (freehold), 24 perches, part section 106, Whataupoko A, Clifford, street, £1500;. three houses and sections (freehold)) Fanapa towni ship, aggregatmg 3-sth of an acre, £lo00; total, £6095 lls 4d. The list of creditors is as follows : — Gisborne creditors: Aitken and Son, timber merchants, £84 '■ 1,5s 4d, G. Aitken, builder, £2 18s 3d; Jas Allen, plumber, £2 12s; Cave Bros., timber merchants, £58 Is 2d; VV. J. Cox and Co.^ grocers, £7 9s 9d;, Common, Shelton and Co., Ltd., merchants, £15 18s 3d ; Dalgety and Co., Ltd.} meraliaii&s, £12 13s lid; Davys, Third, and Mitchell, engineers, £5 -ids 4d; Gisborrie Brick and Pipe Co., £40 3s -7d; Gisborne Sheepfarmers F.M. Co.j £53 2s 9d; Gisbornb Co-operative Meat Supply Co., butchers, £10 8s 3d, N. Goode, carrier, £1 16s; A.- and J. Gran'tj carriers, £1 8s; F. Hall and Sons., painters and plumbers, £79 19s lOd; Jeune and Co., sailiriakex's, 3s 8d; Machell and Russell, butchers, £7 12s Id, Now Zealand . Loan. Land\ Mercantile Agency Co., Ltd., merchants, £1 4s ;Bdj New Zealand Insurance . ,C0., : Ltd k , : £193? Nicholls and Grifiiths, i ironmongers, £14 8s 2d; J. H» Ormond, ooaohbuilder, £2 Is 6d; Poverty Bay. Herald, Ltd.> £6 9s ; Jas. Erskine, baker, 7s lid ;\ . I). Peach, builder, £6 7s ; Geo. . Smith, builder, £5 5s 6d; Jas. Whiniray, cabinetmaker, £1 6s; Williams and Keftle,<lytd., merchants, £8 0s 3d. 'Auckland creditors : Auckland Meat Co., .£3O 4s Id; Auckland Tow Boat Co., £2 2s 6d ; Briscoo aiuhCu., Ltd., merchants, £84 10s sd, W. H; Brown, shipwright, £224 7s 2d; J. Barber 1 and Co., Customs agents, 19s ; J. Bum's and Coj, merchants, £19 Js lOd; 'J. J.- Craig and Co., coal merchants, £170 17s 4d ; ; Devonport Ferry ■ Co.- £1- 10s ; A. 'R. Hislop, oil 'merchant £8 2s, Jagger and Harvey, ship chandlers, £148 16s 2d; V^iUletfc and Gb.j engineers, £1 12s 6d ; MeKeo^vll and*' Co., bakers; 18s; Mumsgen, solicitor, £70 ;■ Premier Joinei-y 06;, Ltd;, timbei ; ' merchants, £31 10s V A. and J. Parker, engineers, £9 Os 4d; R. S. Reynolds, grocer, £64 lls 6d> Ross and Co., engineers, £8, 2s 9d ; W. Reed, general smithy. £s 17s 10d; Leo. Walsli, engineer, £246, 12s 2d. WeMngtoiv creditors : Commissionev of Taxl^ £35 18s lid; Herbert Hill Ltd., drainpipe! merchants, £118 Is Id ; Hutson and Co.-, Ltdt, drainpipe merchants, £6 18s; Tyneside Colliery ■ Co. , Ltd., £56 65,; Waingawa ,Meab Co., butchers, £11 lls. 2d; Barber and Co., butchers, £1 16s 6d; Wellington Patent Slip C0., -.£95 -3s 4tl ; Captain White, master mariner, £2 15s; F. Marshall (Mirimar), £1 3s. Other creditors: Gainiuans Ltd., Tauranga, timbeu lnercnanta, £62 12s 9d; Hiintly Brick and Tile Co. j Huntly, <£7, ss ; M jlbui-n Lime . . and Cemant , Co. , Dunedin, merchants, £35 Is 4d ; ,JSew; Zealand Shipping Co., Tokomaru 'Bay, £3 lls lid;. J. iQates, Tokpmaru Bay,, butcher, £1 8s 2d; Tolago Bay Lighting Co., Tolago Bay, £57 19s 6d; Williamson and; Mafhja's', Te Afar6a, storekeepers, £3 3dj total £2253 5s Qd.-