BANKRUPT BRICKLAYER

Taranaki Daily News, 24 July 1930, Page 8

BANKRUPT BRICKLAYER

PUBLIC 'EXAMINATION HELD. PROPERTY DEALINGS DISCUSSED Before Mr. J. H. Salmon, S.M., at Hawera yesterday, a public examination of the affairs of Hugh Chevalier Fake, bricklayer, Hawera, a bankrupt, was held. Mr. Beechey represented the Pease trustees and Mr. L. A. Taylor watched bankrupt’s interests. Examined by Mr. Beechey bankrupt stated that on the first mortgage of £1250 on his property on South Road he paid no interest to his father. He paid the Pease trustees what he could on their second mortgage of £5OO. A year ago there were such arrears on the second mortgage that the Pease trustees moved against him. There had been no arrangement with his father, but his father had said “let the interest slide.” His father had later asked him to pay interest, but he had not had the money to pay. He believed that subsequently the Pease trustees bought his father’s • mortgage , with back interest for £l4OO. He had agreed to go out of the property on August 18, 1929, but could not remember whether he had refused to go or not. The Pease trustees had secured an order for him to leave from the Supreme Court, and he had' then left the property. On August 12, 1929, he assigned his eleventh share of his deceased father’s estate to an uncle for £lOO. The reason for this was that ho was very short of money. He did not know the value of the estate, in which his mother had a life interest. He wrote to Mrs. S. C. Clark on January 6, 1930, stating, inter alia: :“I have been expecting to have got my share of my late ...father’s estate before this.” Bankrupt explained that this was meant to be read in the light of the possibility that his uncle might sell his share back for £lOO. So far as bankrupt knew if his uncle said that the £lOO had only been advanced that would be untrue. In February, 1930, bankrupt’s wife purchased a property. He acted as agent for his wife, whose name was not mentioned. The £24 he received from the Opera House on May 31, 1929, was spent on wages, cartage and material. He spent the money before he knew’ he was bankrupt. After the earthquake last year he was busy for a week or two. He could not tell how much he made'between June and December, 1929. Sometimes he lost money on his jobs. His debts were not shown in his books. Mr. Beechey: Then your books don’t show your position. Since May 31, 1929, you have deliberately not kept any records. Bankrupt: No; I can’t agree to that. Replying to Mr. Taylor, bankrupt stated that he met Mr. McCarthy in the street before the Pease trustees bought his father’s mortgage. ■ Mr. McCarthy said that the Pease trustees were going to drop out because they could see nothing in it for them. Bankrupt then thought he was free to sell his interest in his father’s will. With regard to giving possession of the South Road property he had been, advised by his solicitor not to give possession in order to force a settlement. PLU-NKET SOCIETY MEETING. The monthly meeting of the Hawera Plunket Society was attended by Mesdames Winks (presiding), Meredith, Rao, Billows, Goodwin, Tait, Carter, Henderson, Bardsley, Davy and Whitehead. Mrs. Winks reported a very satisfactory result from the hoop-la at the winter show and the collection at the football match, the profits being about £7O.

The following subscriptions were acknowledged: Mrs. S. Adamson 10s, Miss Patterson ss, Mrs. Winks ss. The nurse reported there were 30 new eases for Hawera and 808 visits had been made by mothers and children to the PlunkeY rooms. The nurses had visited 204 homes.