Mr L. Wilson’s Bankruptcy

Wairarapa Standard, Volume XX, Issue 2029, 11 February 1887, Page 2

Mr L. Wilson’s Bankruptcy

The lirst meeting of creditors in the above estate was held at the Courthouse, WoodviJle, ou Thursday, February 3rd. The following was the statements of assets and liabilities as read by the Assignee, many items of which were afterwards amended Liabilities : Unsecured c> editors, £ll4l ids Ud. Assets: Stock-in-trade, £'l9s; book debts, £s>o (estimated to produce £64) ; furniture, £l3O —total assets. £801). Dehciency, £573 19s yd. The following ia a list of the unsecured creditors ; Pierce Cotter, Greylown, £OOO, K A Haggeu £220 0s Od, William Park, Palmerston .North, £127 5s Bd, A 1) U iJlis, Wanganui, £3 2s 6d, Georg© Beichordt, Wellington, £llO 0s Sd, Jones and Sous, Wanganui, £2 4s lid, J Joseph A Co., Wellington, £8 IDs, Dutton, Brown and Thompson, £lsloa 6d, Lyon A Blair, Wellington, £l2 2s <d, A A Barnett, Wellington, £l2O, li JS GriuiiuUn £SO, W G Shearer £2O, Muuteith Brea £lO, J Troup £3, G E Johnson £2, W J Little £5, W P Alien, Carterton, £lB, U W Dollar, Carterton, £8 9s, Blundell Broa., Wellington, £3 12s 4d, New Zealand Mail, Wellington, £0 13s, Lyttelton Times Company, Christchurch, £5 ils Id, Wilsons aud Horton, Auckland, £2 Bs 9d, G Moore £lO 0s Od, Wm Downartl, Carterton, £SO, C. Dakin, Carterton, D buiiiio £l 3s, C Davis £4 3s, W Nicholsou.bJ 1- ■: t, Ihe bankrupt was examined on oath a* h.i.o-.v. :-l haw boon in business in vVoudvtlie aiuco the , a o ■- t'J'cr, Previous to tnat had been in Ca,ie.-t-,i a, sMiciior's clerk ; tor over live years, my -.-.. .ov ,5.; 3 £2uo a year. Had no property there, ih.-, .• [•. wile audfiso children. When .1 commenced biuiucss in i\ oodvilir, 1 paid Mr Haggeu £350 cavh, and mid aOoui' 4 m9 £1 h J ‘hd. Obtained b y horror.ing, £501) from Mr Cotter, in September. Had no other money whatever. ißlaricd I'Usiueas entirely on .borrowed capital. Have not hid an opportunity to mane -i biiluiice sheet ; my books show my trade ir.oi-.aeiurns. My pinehase from Ale Haggeu was ior i'eivveca £*'7o and £630. Gave non £350 cash, and ciu .' biil-3 ibr the balance—three, aix and nme .Cloij odd each. Had io borrow £IOO from Harmii to m. M ihe bill, asked Mr iinggen to renew it ; ho said lue b.u was out of his hands. Was about .Ciouin debt when J left Carterton independently of Mr Culler's debt, Most of this was borrowed 12 months ago, but nut for tiie purpose of this business. Countered ibe business woapaymg, ill had no borrowed money to pay. My living cost me, to the best of my' beiiei, between £4 aud £5 per week (subsequently debtor slated that his household expenses were abo til £3 per week.) After undergoing uu examination by the creditors present, u resolution was passed allowing the debtor all his furniture, and the meeting adjourned,