MEETING OF CREDITORS.

Colonist, Volume LI, Issue 12501, 30 March 1909, Page 2

MEETING OF CREDITORS.

"ESTATE OF R. H. MARTIN, PIANO-TUNER. A second adjourned "meeting of the creditors in the estate of Robt. H. Martin, piano-tuner, was held at the office of the Deputy Official Assignee ( h n yesterday afternoon. I 1 & y es appeared for the bankrupt, Mr Fell watched proceedings on behalf-of the Deputy Official Assignee, an m, Mr Maginnity for Mrs Martin. lhe creditors present or represented were Buxton and Co., Ltd. (Mr L. J. * rank) Bond, Finney and Co. (Mr P. Bond), Lucas and Son (Mr A.P. Lucas) R F. Nicol J, C.. Mercer, Andrew MiUer, G McConchie, and W. Aitcheson Smith. ' ■•; . ' ... The debtor was examined regarding a brewer's account for the supply of 43 gallons of ale during the first three ™°"?hs .°f last year, and he explained that this was for the entertainment J3 si *° rs *° his house. -. Mr Maginnity then "detailed the transactions in connection with the properties in Hardy-street East in the name^of Mrs Martin, and showed that the conveyance of land on which the houses, now ..stand, also a cottage, Mv« P Ar W^ ? sold abou t 1900, was to Mis Martin and that this was made in 1894.- . He contended that if accounts were taken between the husband- and wife it would be shown that debtor had received £844 in Vents from m \t^- pr ?P ert l es - On behalf of Mrs Martin, he offered the creditors /s 6d m the £, guaranteed. If this offer was accepted, he considered that the creditors would be better off than if they sought to realise, which at the piesent time would be difficult. Without m any wishing to make a threat hJ had to say that if Mrs Martin was treated m a hostile spirit -she must fight for her position step by step, and with, regard to the - properties her title was unassailable. She was really . assisting her husband, so that he cculd get clear and make a fresh start. - . The D.0.A., in answer to a question, said that Mrs Martin's title to the Hardy-street properties was good, there was no doubt that Mrs Martin's position had heen considerably benefited, as she had -the value Ot the eqiuties plus the value of the furniture. If the. creditor? -wound the estate up he did not think they would get more than Mrs Martin was offering; l-\ was P ol 'nted out that if Mr Marti,! had collected the rents he had also paid interest, insurance • rates, and-up-keep. . . Mr Maginnity said that taking this into consideration, there would be about £200 due to the wife. - Further discussion took place, after which a resolution was carried that 7s 6d in the £ be declined— moved by Mr Frank and ; seconded by Mr Miller. Mr Smith dissented from the-reso-lution, as he considered the creditors would not get as much by realisation. The D.O.A. pointed out that this was not a case where debtor and his wife were in collusion, on the other hand, they were at variance. Mr Miller and Mr Bond each expressed the view that as business people the creditors would have to look on the effect that would be produced if they treated the case lightly, and were easily satisfied, for it was not one of misfortune. " • .-- Mr Hayes said that debtor was not free from blarney but he was not as blameworthy as it had been sought to show. Debtor had had an offer of employment in the South, but it was I not certain that he would accept it, | as it was probable that he could do ! better in Nelson. On. behalf of the debtor, he'offered to pay 10s in the £, if Mrs Martin would assist to the extent of raising a certain sum by mortgage on -the Taliuha cottage. Mr Maginnity said that in view of the relations between husband and wife, for which, he blamed the husband, ho could not advise his client to do as suggested. It was moved by Mr Bond, seconded by Mr Mercer, and carried, that the creditors would accept 'an offer of 10s in the £ from debtor; to be made with- ' in seven days. -It was resolved on" the motion of Mr Miller, seconded by Mr Frank, that if the debtor is unable to'make such an offer lie estate be realised to the best advantage. • - The was then adjourned sine die. a On the summit of a hill ih a Vvesr tern State is a courthouse so situated that the 'raindrops that fall on one side"^f the^roof. descend into Lake Erie, and thence the ' St. Law r rence into the- Atlantic. The drops on the other side , trickle down from : rivulet to river, until -they reach the _ Ohio and Mississippi, and enter the ' ocean by the Gulf of Mexico, A faint breath of win J determines the destination of these raindrops for 3000 miles. ..-:' '-.: -