THE SEARL BANKRUPTCY.

New Zealand Illustrated Sporting & Dramatic Review, Volume IX, Issue 662, 6 November 1902, Page 20

THE SEARL BANKRUPTCY.

At Wellington last week, the adjourned meeting of creditors in the bankrupt estate of Edward J..Searl, hotel-keeper, was held. In reply to the Assignee. Mr Searl said he had made no arrangements during the week by which he could hope to carry out the proposed composition. Mr Tripe, speaking for the secured creditors, addressing Mr Searl ’ said, thq position is now that you cannot sell the hotel .lease ; we must, but we • promise that the hotel lease and furniture, will be sold to the best possible advantage. He understood that Mr Searl was quite prepared to go. Mr Searl replied that such was the -case ; he w.as quite pleased to go. He had the secured creditors against him, and he wished them good luck. Later on in a conversational discussion, satisfaction was expressed that everything possible had been done in the matter. Mr Searl declined to accept any .allowance which the creditors or assignee might make. He denied the-' statement that any money of his wife s was being held by an outside party. It was resolved, “ That Mr Searl be recommended for immediate discharge.’’ The meeting then adjourned sine die.