IN BANKRUPTCY.

Star (Christchurch), Issue 55, 17 July 1868, Page 2

IN BANKRUPTCY.

, TmittflhAV, .Jtrt.v HI, Tmi following is tho continuation of our roport, — J. H. Drake, cross-examined by Mr Williams i Tlio valuation at £1600 included some articlc-i whioh woro sent in during tho month of''February» ■ My Bale-) wore at the rate oi £500 por mouth. Besides the £103 worth for which citsh was received, I knocked down £200 or £300 worth'of goods which were never delivered! they wero left In Atoro, nnd taken p -aseaalon of by tho trustee. The creditors at Dunedin refused to accept Turnbull, and Clurkrion's. bUta for tho payment of >lfls In the pound.,--I would not bave agreed to to make an assignment tp Turnbull and Clark-ion,,-because I considered that I waa hardly treated by them in respect to tho two Inst bills. Mr Wilson olT.rud 12s Cd in the pound to creditors if I mado nn alignment to him, hut ho aubsuiucntly withdrew'"'Ute oilier. ..-■- David "Clarkaon, tho trustee, deposed that atthe timo tho ah ires wero aold, they were valuo for £12 oaeh.lf nil paid up. There were arrears* oii thorn to the amount of £17 I Os,* The gooda aold by hrn realised the market price. By Dr Foster • A great many of the gooda fetched coat price* 8<m;o did not. The wholS stock ip sbortu wa#" valued at £690 by Mr LeCrcn, and bi ought within £12 of tbajt amount. Dr Foster addressed tho Court on behalf of

tho bankrupt, who, to contended, b\d settS fnirly n ith hi. crediraro, by refusing te give Clarkson and Turnbul. a bill of sale over his property nnd effects. Mr William*} asked the Court ta punish the bankrupt by suspending tlt-e order for any period not exceeding three years, HU Honor anid che bankrupt's eomluet bid been very reprehmsible.nnd iho Court, there* fore, was juitlflvd an I b mnd to mike air order suspending Ul* discharge for on« year. Ordor mado aceordin.ly. nr. DAVID BLOOM. : Mr Wynn- Williams for the bankrupt, and Mr Garriok for the petitioning creditors, Mvsara Twentyman and Conain. The bankrupt, in" answer to Mr Gnrrick, d.'poaudt Tha flre took place -at my* premises in Jnne, 1867. I commenced buslnca. in firo or Bix weeks afterwards, on tho salvage of tho flre stock, the pro* ' eeeds of aoro* butter which I had sold In Uunedin, and the inaurance money, which amounted to £300. . I owed more than .£4OO, and paid tho insurance money away b.fore re-commencing hu»ineav . I havo had abatement of my affairs mtdo up by Mr Fisfcer since I stopped business, 1 never kept a atuclc-book. I was not with Mr Fisher during the timo which he was occupied in making up his statement. He made up the statement from the books. Mr Kiaher did' not repeatedly apply to mo for information, I built a houso in Colombo street, on borrowed money. The houso 'cat- about - £100. I borrowed "£23o of the amount from Mr Hart, mv brother-in-law. At tho timo this money was advanced It was upon thennderstanding that I was to give my brythcr-ln-law * securit}/ on the houae when it should be built;*. 1 paid £106 into the bank, and £53 odd to , Mr Sandatcin, in payment of an old debt. ) The rest I spent in buying produce to take .'• up country, I called my creditors together \ about nino man tits after I had commenced business. My brother-in-law asked a piper writing for tho security in giving me the money in notes. He g.iro it up to me when lie came for the mortgage, and it was torn up in the »hoi>, to thu best of my belief. I stopped paynunt in about 6or 7 weeks after gU fug £ my brothcrdndaw the mortgage. Mr Twentyman made a nolie abont my giving theraortg'gc to my brother in-law, I then told him if my creditors let me alone, I would pay 80a iv the pound. I bought some butter from Mr Buddie nf Kaiapoi. about a mouth or five wi-oks before 1 atop-ied business. I was then able to pay 20* in the ponnd, if my creditors did not pu-th me. I bought tbe butter to ship to Hokitika. I did not ship tbe butter as thero was no stoimer going. The butter was •wid by my creditors in iho shop. I made profit enough by my business to live by it up tv March, when I gave up rhe butter business. I t*wc_r I had no idea that I waa going to the bad > at the time I gave up tho buttor business. I expected that times would mend, and that . I would bo able to pay Mr Twentyman; and Mr Buddie. ''My family consisted of my wife, six children, and. a servant. I made a living out of my business. It took about £8 ' j or £9 a week to keep us. (Laughter)" I ! havo had some trau-toctions with Mr H. Davis, j 1 received £53 Via from him ou tho 23rd October, 1867. Tho amount was paid into 7 my' credit nt tho bank by Mr Davis. , Tho further hearing waa adjourned until ] 12 o'clock on .Thursday . next at the request ] of Mr Garrlek, who stated that he wished to examine Mrs Bloom. Nbw Cases, BE TnOUAS JOHKSOK*. Liabilities, £418 7s 2d 8 assets, 4352 Is Mj* deficiency, £C 5 5s cd. . Mr Graham (the trustee) reported that aftor paying nil expenses he would be enabtad to declare a dividend of at least 10s in the pound. No opposition ; order of discharge made. tie rnuDEaicK lane, Liabilities, £353 12-3 ; assets, nil. * Tho matter wns adjourned until Thursday next, Mr Joynt nppearin*. to oppose, Bankrupt's solicitor, Jlr -slater, i. BE WILLIAM FianEH. * Liabilities, £303 17s > assets, nil. Tho case was adjourned until tho 13th August, his Honor refusing to make an order of discharge at thi* sitting, there being no assets.