COLONIAL BANK COMPOSI TIONS.

West Coast Times, Issue 10337, 29 July 1896, Page 4

COLONIAL BANK COMPOSI TIONS.

[Per United Press Association]

Dunedin, July 24. In Chambers to-day application was made on behalf of the liquidators of the Colonial Bank to sanction the acceptance of compromises offered by certain debtors. The cases were :— • Robert Wilson, 'hmedin, lately merchant, now out of business— Amount owing, £1641 15s 7d, balance of current account, D list; security, lien over certain shares expected to realise £300 or £325. Wilson offered £450 in full discharge. Hugh Carswell, Invercargill, lately stock and station agent— D list, £1731 2s 2d. He had paid £250, and would pay another £250 in August. It was proposed to settle on paying £850 extra. William Todd, Invercargill, late auctioneer, £13,997. B list. All properties held as securities had been sold, and an amount (not stated) paid into Bank in reduction of the debt. His friends had bought for £1000 some properties. He had gone to West Australia. The liquidators said he had acted honestly. Archibald Morton, Haddon Station, Mackenzie Country ; debt, £348 18s 9d. shortage on advance on shipment of wooh This was the case of a man who lost everything by last year's snowstorm: from being a runholder he had been reduced to the position of a shepherd. Htwas in the A list. A friend had offered to pay £150 in settlement.

Inangahua Finance Company, of Reefton. Debt £283, and 10s in the £ was offered by one of the members. Judge Williams— This seems to be a hard case ; one man has had to pay the whole thing. It appeared that Joseph Taylor was practically the only solvent member of the company, and that he had made this offer.

John M'Allister, of Blenheim, working coachbuilder. Debt, £954, on overdraft; security, house. With the assistance of friends, £500 was offered in full settlement.

William Acton-Adams, Christchurch, solicitor— £9377, D list ; security, a mort gage over land on certain islands in Waimakiriri River, and lien on shares. He offered £8000 in cash, and the liqui dators thought they had better take it.

Patrick Callanan, farmer, Table Hill. Debt, £340 16s lOd; composition of 5s in the £ offered.

John Callanan, Waitahuna. Debt £107 7s 8d ; composition 5s in the £.

John Boyd Gilfillan, Auckland, commission agent. This person owed £4375, deficiency in drafts on kauri gum. He said the Bank's agents at Home sacrificed the gum and ruined him. The Bank had got about £500. All he now had was a couple of insurance policies. One of them had a surrender value of £300, which he offered.

The Judge, after .perusing the affidavit in each case, sanctioned tbe whole of the compromises suggested.

Holloioay > 8 Ointment and Pills are beyond all doubt the moat valuable and most convenient medicines that travellers can take across the seas to distant climes, for change of climate and the new conditions and surroundings of life to which they will be elposed will assuredly give rise to great disturbances of the system and to such especial morbid states of the blood and constitution generally as will render the use of these effectual remedies highlj necessary, for they will find in them a ready and safe means of relief in most of the diseases which afflict the human race, and with them at hin<i they may be said to have a pbysieuu always at heir call, '