NOT SATISFIED.

Auckland Star, Volume 55, Issue 12, 15 January 1924, Page 6

NOT SATISFIED.

; ASSIGNEE AND BANKBHjpt. XO BOOKS KEPT. I (By Telegraph.-Own Correspondent) - i HA-ILLTOX, thisvday* A meeting of creditors in the baiiirupt estate of Bertie James Dai»W .farmer, Te Awamutu. was held >_r" the Deputy Official Assignee, Mr. V H .Sanson, at Hamilton yesterday" The amount due to "secured was stated at £4760/10, the e .t__SS j value of the secuntv being £.3.45 1 ing a deficiency of £1024 10/. TV _J* X : due to unsecured creditors was ___? at £563, and the value of the a&pf £1028 U tOWI deßdcnc ? of 1 Bankrupt in a statement attributed V j difficulties to having bought a n j property and herd during the boom S_f at extreme prices, with the result-'tW during and since the slump he had feS himself unable to make the farm _ He was a married man with six childrwi' j In answer to the D.O.A. bankrupt _f mitted that he kept no books but _ bankbook. He had paid practically _j , the moneys he had received into tl. bank. He had attended races at Ami land and Hamilton, but these hadonlr cost him a few shillings. He had bred and sold a few horses, but had not f« lowed racing closely. Plaintiff admitted that he had sold certain horses witim, the last few weeks and that there w__ to be additional payments for thesetif they won races. Severe comment was made by the D.O.A. regarding bankrupt's action h selling certain machinery subsequent to the date of filing. Mr. Sanson said the bankrupt wo_d have to supply something more than he had done in the way of information as to what had become of his money. Bankrupt had not been frank and did not appear to regard his position seriously and he (the D.0.A.) was getting a "oij fed up" at tho waste of his own and the I creditors' time by bankrupt. A further I meeting will be held to enable bankrupt jto furnish fuller information.