BANKRUPTCY.

Waipa Post, Volume VIII, Issue 378, 29 December 1914, Page 5

BANKRUPTCY.

A meeting of creditors in the estate of Mrs Mary Dodd, wife of J. J. Dodd, labourer, Ohaupo, was held on Wednesday at the Hamilton. courthouse. The following are the unsecured creditors, as returned by the bankrupt:—H. Herbert, Pahiatua, £9B; V. Meckaliek, Mangaramarama, farmer, £43; Mrs Sheldon, widow, Auckland, £139 7 s j Green and Colebrook, Ltd., storekeepers, Ohaupo, £100; Farmers’ Auctioneering Co., £l3 ; A. Turnwald, butcher, Takapuna, £l3 I7s 6d; Kayt (unknown), £l 15s; total £4OB 19s 6d. There were no secured creditors and the bankrupt’s assets were put at £305 in real estate, viz., her interest in house and land in Roberts Street, Marton, £275, and 37% acres O.R.P. at Silverdale, Auckland (Government valuation) £3O. Mr Stace, who appeared on behalf of the bankrupt, read a statement by the bankrupt to the effect that her first husband, Mr Libeau. died intestate in August 1906, leaving an I.L.P. of 250 acres at Pahiatua, which was under mortgage to the Government for £250. His debts amounted to about £l7O and there was no other property. Her two brothers, Messrs Meckaliek, were appointed administrators. There were four children, the eldest being a boy of 19. She remained on the property for about a year and obtained a further loan of £l5O, which was used in paying off her husband’s debts. What she made from the property Was not sufficient for them, in fact she was getting further into debt. She leased the L.I.P. and purchased a small farm of 30 acres from her brother, paving £IOO cash. This farm was subject to two mortgages. She borrowed a further £IOO on the L.I.P. from a private party to pay for cows. She had great hopes then of being able to make a living and pay the debts. She was,, however, extremely unfortunate. The farm was too rough and she lost most of her stock. She was obliged to sell both her farms at a great loss, and got nothing out of them but £SO. She left Pahiatua and went to Ohaupo. She owed Mr Herbert, storekeeper, £9B, and her brother £43. Mr Herbert had been paid interest on his debt. She bought the farm at Ohaupo from Mr Hine for, £1122, paying cash £SO. This was about May, 1910. She purchased cows on terms and commenced dairy farming, her son assisting her to the extent of £250. She remained on this farm until April, 1914, when she exchanged it for Mr G. P. N.op’s two houses at Marton. She had lost much stock.