IN BANKRUPTCY.

Wanganui Herald, Volume XXXII, Issue 9400, 29 March 1898, Page 2

IN BANKRUPTCY.

Estate C. W. Reardon.

The statement of accounts in the estate of Charles W. Renrdon, surveyor, as filed with the D.0.A., (Mr John Notman) is as follows :— Assets— balance of furniture over security £120. Liabilities— £73l 0s 7d, made up as follows:— H. G. Reardon (surveyor) £200, G. P. Donnelly (Napier) £92 14s Bd, E. Seaton (surveyor) £79 16s 6a, J. G. Gilbera (Napier) £60, Cummins and Co £50, Bristol and Coleman £26, E. Liffiton (rent) £22 10?, H. B. William -son and Co. £12 15s 6d, H. I. Jones and Son £G 3s 6d, J. C. Greenwood £12 15s Gd, W. J. Treadwell £4 13s 6d, Rondell Watson and Co. £5, Hannah and Co. £9 19s 7d, Dr Saunders £4, O. G. A. Harvey £14, Eorsley and Co. £3, Fitzherbert and Marshall £15, D. May £2 4s 2d, S. Wright I £5, Dr Connolly £10, J. Paul and Co. £12 8s Od, A. McFarlane £3 155, estate Donald Ross £5 103, New Zealand Times Co. £4 7s, Brown and Thomson £5 17s 3d, D.I.C. £10 103, Jones and Ashdown £6, Commercial Agency Company £13, Cameron and Christie £9, and D. Konny £15. The mortgage over the furniture is held by Scoullar and Chitholm (Wellington). The following is the debtor's sworn statement :— In 1891, ou going into accounts with respect to a partnership with Henry Walker Mitchell, it was found that he owed me some £500, and he agreed to give me a mortgage over a block of land oalled Matnhina, containing 6000 acre 3. Mr J. Thompson, of Wellington, was my solicitor, who gave a further advance to Mr Mitchell, aud a mortgage was given, but, through delay, we found that a mortgage given after had been registered first, so Mr Thompson took it up. No interest was paid, and the land was sold,aud bought in by Mr Thompson. It was agreed that, after paying expenses and on selling tho land, the balance was to be divided between us. I gave Mr Thompson an order to receive £200 then due to me, which he received. I heard casually that the land had been sold. I have written to Wellington to make inquiries. I always expected to get £500 as my share. Mr Mitchell has since failed ; he did not put any proof in his estate. I went into partnership with Mr Richardson in 1891. We afterwards became a company, in order that the Disqualification Act would not cause confusion in accounts. We did a very good business until 1896 ; then business fell away, especially the Wellington portion ; hut we were led to believe that we would get a large business in Gisborne, and everything was worked to that end This dragged on until about March, 1897. Even then Mr Richardson expeoted it to turn out all right, but, as far as I am aware, nothing has been done. I resigned from Richardson, Reardon, and Co. on the 10th of June, 1897, for various reasons, and Btarted to work up a business in JVangauni. I had an understanding with my brother, and wo wont into partnership. We did fairly well, and thore appeared every chance of doing well, bnt all the surveys we had arranged for were blocked by the departments. They included Ohoutu, Maraeianu, Parapara,and Jtuatangata. I understand that some were recommended by the district office, but, so far, no authority has been issned, except for a small survey of Ngaurukehu. If I bad got these surveys during the summer months I would have cleared £350 as my share. I lost about £150 on properties in Nap'er, about £60 on some mining shares I took up in 1894, £100 in the Evening News Company, and, without interest, about £260 by a. guarantee for M. J. Gannon, and abont another £100 by j various parsons. — Civs W. Reardon.