PATEA CLERK BANKRUPT

Taranaki Daily News, 1 August 1930, Page 6

PATEA CLERK BANKRUPT

OFFER BY THE CREDITORS. DISCHARGE TO BE FACILITATED. With no assets and owing tho sum oi £43.j 12s l()d to his unsecured creditors Desmond Philip Palmer, a dork of Batea. was examined in. bankruptcy at hawera yesterday by tho D.0.A., Mr. R. 8. Sage. Following a resolution by tho creditors represented that bankrupt n discharge be facilitated provided he pays a dividend of os in tho £1 jn weekly instalments of 10a tho meeting was adjourned aino die. The amount owing to unsecured creditors was assessed at £435 12s hid, the assets being nil. Tho unsecured creditors are: 8. Moore £135 IDs, W. R. Morse £5B 13s Gd, Dr. Earle £5O, R. a. Adams and Bon £23 Us, W. P. McUomioky £B, W. C. Glcnny £lO os lid, Mrs. Real £lOB 16s, E. C. Dallison £1 13s, J. Paterson £llO Gs 7d.

In his statement bankrupt said that in 1919 ho entered into fanning pursuits on a leasehold farm at Utauio. I’atea. Both he and his partner had put cash into the venture and had done well for the first few years. Later, owing to a drop in prices, they had lost heavily. The amount owing to Mr, : Bta Moore was for moneys borrowed to pay debts and bankrupt had considered ho could pay the amount he borowed out of his share of the proceeds on the sale of ewes which, however, had realised-a loss.

As the farming venture was so dis astrons he had forfeited any interes’ he had to his partner and hud bougiu a house property in Patca for £1175, ii addition spending about £l3O in improvements. He had taken over a State Auvanccs loan of £250, raised a seconc mortgage of £5OO to repay a second advance owing on the property and had paid the balance in cash. He had borrowed the money from Mr. Morse to satisfy a judgment, thinking that he might be able to sell his house and pay Mr. Morse. Unfortunately ho had been unable to receive any offer for the property. Eventually owing to sickness he had been unable to fulfil his obligations. In 1927 the seeon: mortgagee had taken proceedings to enforce, payment of tho amount due and some time later the State Advances Lad sold the property. He had not had any statement from the State Advances Department so did not know how much the property had realised. Mr. Morse had taken out a judgment summons and had obtained an . order io.- commitment, and as bankrupt was unable to satisfy the claim he was advised to file his petition in bankruptcy, « SOUTH TARANAKI RUGBY. REFEREES FOR TO-MORROW. Referees for Rugby matches in the southern division to-morrow arc: — Senior. Kaponga v. Hawera, at Kapowga, Mr. F. Atkins. Patca v. Okaiawa, at Okaiawa, Mr. A Spratt. Waiiuate v. Opunuke, at Opunake, Mr. K. McNae. Athletic v.* Eltham, at Eltham, Mr. J. Fittall. v Junior. Kaponga v. Hawera, at Hawera, Mr. J. Fittall.-Pate-a v. Okaiawa, at Okaiawa, Mr. J. McNamara. Wannate v. Opunake, at Manaia, Mr. A. Christie. Alton v, Athletic, at Alton, Mr. A. Third Grade. Hawera v. Kaporiga, at Kaponga, Mr. L. Wells. Patca v. Okaiawa, at Patca, Mr. O. Sheehan. Waimate v. High School, at Hawera, Mr. A. Stewart. A “GENTLEMAN’S" AGREEMENT ■ DAIRY FACTORY ARRANGEMENT. With tho object in view of ensuring as near as possible tho smooth working of the pool formed by the Taranaki Federation of Dairy Factories 28 dairj factories in tho federation have agreed that after August 1 they will not accept milk from a farmer who has been supplying another factory aud who is still in that factory’s district. Upon each factory’s output a levy is to bo made and from the fund so created premiums for higher grading cheese will bo paid, Tho Dairy Control Board is to handle the fund on behalf of tho federation and the pool is entirely voluntary. That being so and the fact tha. there are no penalties makes tho agreement a “gentlemen’s” one. It is held that the agreement will assist factories in maintaining- and improving the quality of cheese without incurring any loss of suppliers. PERSONAL ITEMS. According to private advice Mr. E, G. Betts, Okaiawa, who ie visiting England, had been confined to a private hospital for some weeks with scarlet fever. Mr. F. W. Wilkie, Rotorua, a former resident of Kaponga and Hawera, in vie-; iting South Taranaki,