GREAT EXPECTATIONS.

Wanganui Herald, Volume LIII, Issue 16037, 30 January 1920, Page 5

GREAT EXPECTATIONS.

WOMAN'S FINANCIAL POSITION

A meeting of creditors of Mrs Grace Edith Moore was held yesterday, before the Deputy Official Assignee, Mr E. M. Silk.

Mr T. B. Slipper appeared on behalf of Mrs Moore, and stated that she was adjudicated a bankrupt on the 17th inst., and her position was now dependant upon her family affairs. He could not say what the exact position was, but other relatives were concerned. She hoped to pay her creditors in full in about a fortnight, and he suggested the examination should bo adjourned.

Mr N. G. Armstrong: Tho creditors would be delighted to know they were going to bo paid in full. The Deputy Official Assignee said he had no information except a list of debts totalling £995 4s Id. He proceeded to road the same, the chief creditors being Therkleson, Ltd., .£107; Paul and Co.. £113; Gregor McGregor, £sdo; and H. M. Heim, £7O.

In rcfply to questions by Mr Silk, the bankrupt said that Thcrklcson’s account was for furniture, and Paul and Co.’s for clothing for the children. Mr Helm’s account of =-£7O was in connection with a property she purchased. She expected her brother to send her /some money, and as it did not come she borrowed .£550 from Mr McGregor to acquire the property she was after. The only security she gave for the ,£550 was a P.N. She paid £250 on the house she bought at Gonvillo and £250 on another property at Sandy Hook. Mr Silk; What are your expectations? Ha,ve you any assets?—No, but I expect to get family assistance. I am legally entitled to a certain amount. Tliere has been money due to me since I was 21. I should have been getting £SOO or £6OO a year. In October of 1918 I got £250 from my brother at Levin, and for about six months after that my mother gave me between £3O and £45 a month.

' When you incurred the debts what expectations had you of paying them? —I expected to receive the money owing to me. I have not come her© to defraud my creditors.

Mr Relive: Do you remember telling me you had £9OOO through the bank? —No, I did not have it.

Do you remember saying your affairs were all settled?—My brother led me to believe he had put a draft through. A further question by the Deputy Official Assignee elicited the statement that bankrupt had borrowed £7OO from a Mr Osborn at Foxton.

Mr Hussey: Did you have a bank account?— No. - *

But you issued cheques?— Yes, on the National Bank, where the money was ■to be lodged,

Do you remember telling one of Paul’s employees you had bought two houses? ■—No.

■ Have you a cheque-book?— No. You gave a cheque for the deposits on the houses?— When Mr McGregor gave me £550 I used £SO and paid £250 on each property. I also gave a cheque for £IOO on a motor-car in anticipation of tho money coming. A man at a motor garage filled it in.

Mr Wewburn: When yon purchased some goods at Crichton and Newman’s you said the Public Trust would send the money along?—Oh, no, the young lady there must have misunderstood me. The examination was adjourned in order that bankrupt might furnish fuller details, the creditors in the meantime being cheered by an assurance that if the money came she would be able to settle her debts in full.