BANKRUPT ESTATE.

Star (Christchurch), Issue 16642, 26 January 1922, Page 8

BANKRUPT ESTATE.

MEETING OF CREDITORS. A meeting of creditors in the bankrupt estate of Fxlric Harold Stringer, land and estate agent, of Christchurch, i v. as held at the office of the Official j Assignee this afternoon. There was a ! good attendance of creditors, and Mr j A. W. Fames, Official Assignee, pre- | sided. Mr L. \V. Geo appeared on I bankrupt’s behalf. j The statement of bankrupt’s finan- ! cial position showed that the | total debts amounted to £419 : 8s lid, of which amount £403 : 8s lid was owing to unsecured creditors. Tlie total assets amounted to £47. The principal unsecured creditors were as follow's:—F. D. Kesteven £44 4s; “Lyttelton Times” Go., Ltd., £ll2 8s lid; Christchurch ‘‘Press’* Co., Ltd., £32; the Canterbury Publishing Co., Ltd., £2B; D. N. Adams, Ltd., £42; G. Dickinson, £l6; G. .Miller, £ls; H. Baker, £io ; Kincaids Ltd., £25; C. 8. Thomas, £l2 14a 6d Bankrupt in his sworn statement said:—“l commenced business as a land agent about two years ago in partnership with the late Mr J. B. Laura naon. i then had about £SO in cash. About six weeks after commencing business, Mr Laurenson went to the North Island, whereupon I carried on bufjiness on my own account until November. 1920, when I took into partnership aMr J. R. Burns. Mr Burns put no money into the partnership but agreed to take over half the liabilities. The business was carried on successfully until the end of 1920, when owing to unforeseen circumstances over which 1 had no control tho business fell off and I was compelled to dissolve partnership, and had to take over all the liabilities. Since then I have again carried on business on my own account and have considerably reduced my liabilities. Owing to pressure from several creditors I was compelled to file.” It vrns decided that the office furniture, valued at £lO, should be allowed to the bankrupt and that the creditors take the typewriter, valued at £3O. In reply to creditors, bankrupt said it *»»s not correct that he had sold a hofise in Salisbury Street and bought another one in his wife’s name in Stratford Street, Fendalton. He was a member of a trotting club and occasionally went to trottinp meetings, but only had small bets. In reply to tho Official Assignee he said his wife had a private income. Her money was tied up in the houses which she had bought and sold. The typewriter had been bought from D. N. Adams, Ltd., and had not been paid for. Ho had been doing very little ! business lately, but had managed to pay off a few of his creditors. He said that if he could be left to go along quietly, he hoped to be able to pay off must be paid equitably. The Official Assignee pointed out th»l* if this was done, all the creditors must be paid equitably.. Bankrupt said he did not want his discharge until he had squared up all his creditors. The meeting then closed. Two motor-cycles collided side on at 7.45 a.m. to-day at the corner of Racecourse Road, New Brighton, and Travis Road. Both riders were thrown to the ground, but not seriously injured. J>r YT. T. Glasgow rendered medical aid.