IN BANKRUPTCY.

Timaru Herald, Volume LX, Issue 2646, 8 March 1898, Page 3

IN BANKRUPTCY.

RICHARD MAHONY. The first meeting of creditors of Richard Mahony, of Albury, blacksmith, was held yesterday morning at the Deputy Assignee's office. Mr Alex Montgomery, Deputy Assignee, presided. There were present Messrs W- Mahony, D. Shea and D. Stewart. Mr M. J. Knubley was present representing thei bankrupt. i Tho statements showed unsecured creditors £192 lla Id.- Dunedin Hardware Co. £37 0s 2d, W. Mahony £65, D. J. Caldwell £4 Is 2d, Storrier and Co. £3 11s, J. Whittaker 12s 6s, Reid and Gray £3 16s, W. Penrose £2, W. J. Hughes £1 10a, Priest and Holdgate £5 10s, C. N. Macintosh £20, Timaru Herald £3, T. Gorman £1, Lister and Barrie 17s 6d. D. Stewart £18 17a 9d, Black and Co. £3 5s 6d, W. Angland £1 8s, J . W. Miles £7, J. Siegert £3 145, R. Mathews £4 lls,F. H. Smith £3 8s 6d, G. Clinch £1 8s, Mexican Bot Fly Co. £3. The Becured creditor was J. Conley, Sydenham, £75, bill of sale dated Bth August, 1893, over tools and plant. The bankrupt's property consisted of the thoroughbred horse Ravenscraig, valued at £50. The bankrupt, m his examination, said that he had been a blacksmith at Albury for five years, beginning with a capital of £30. He held a lease m perpetuity of one of the Albury sections. He had 37 acres m wheat and oats, but owing to the drought and the winds the crop turned out almost a total failu p. The land,. cropping, etc., had cost him £64 15s ; the crop produced £17 6s, the loss being £77 9s. Serious illness had also occurred m his family, causing him an expense of £100, and his wife was still ill m Christchurch. He had lost £30 by the hcrse Ravenacraig. It was agreed that the Assignee should have the stallion Ravenscraig sold at the Albury sale on the 28th inst. It was proposed by Mr Shea, seconded by Mr Stewart and carried : — " That the bankrupt be allowed to retain for his own use the atock-in-trade valued at £5 " It waa further reßolved on the motion of Messrs Stewart and Shea:— "That this meeting expresses its sympathy with the bankrupt m his misfortune and recommends that he be granted his immediate discharge." The meeting then closed.