IN BANKRUPTCY.

Gisborne Times, Volume XXVII, Issue 2502, 15 May 1909, Page 3

IN BANKRUPTCY.

IN RE W. J. H. AVARNER

statement with the Deputy f Assignee (Mr. J. Coleman);- ° f a since 1872 a Z in (°T ty B * v tlistricl t I started i • Gisborne smeo 1887 - °IS T‘ l 1 January, 1908, ’l ~t s rulwif™ ■ SUln' January, 1908° fZ-tt" ■ if, entered into an agreement with'regard to the Roebuck Road section. I S W a year for seven years GIV. year for the next seven years andP2n ?, y e «r the next seven and tho owner undertook to tlvuft l wards a building a sum eoinl i7° 7°' value of tho so?tion!7«S!dS ? A° additional into the buiklincr P j tlicn the owner premised to n mortgage with a Building Soc atv <v,r the amount ho put in f,Z ! y 101 the instalments, and at the end of the term was to be allowed compensathVfn the extent of two-thirds of the pemaii out improvements. This ariangc-Aont' , unfortunately fo r me, was only Si’ lhe vahiation was £3OO, toi 307, the owner lias paid £250 £57 > aild K Snt i oiei £l4 besides on permanent im provements £SO is still owing to the' .contractors When I applied to the [g >uer s solicitors for tho £SO and for 8 1 was told the owner a weefS, ? md> , , Ho not 4 possible' f } Z d Z° U d Uot arr ang e ■S way pay to pay £1 P The, business ln an im- 9. 4 er paid. Finding cou 110 tin any 4in October, 1908, f rs le £SO due. 1C 7 a bill of sale. I was °} lG > and nov--5 sums totalling, with L. difficulties 11 3 80. I gave practically~noney on 6 possessed as security. On Marious 12 7 session tvas taken, and I washout 3 on May 7. Besides this several T j i B ments were obtained against me 13 I creditors, and the contractors weft pressing me, so that I had no option 3 but to file. I am afraid there will be no surplus from the sale. I am not II .able to make any offer. I attribute h m y bankruptcy to insufficient capital, u but still more' to the bad times that have prevailed since I started.” d qq je statement of assets and liabih- ;• ties show the only assets to bo bool; debts £l9 8s 7d, estimated to produce • >ls, and liabilities £277 4s lid, leav--3 ing a deficiency of £262 4s lid. The following is the list of unsecured ere s ditors: —-Murray, Roberts and Co., £3/ •r- 10s 6d, L. D. Natlian and Co. £6 8s i- 6d, Telephone Department 6s, H. E. • Dodd £5, Wade and Gray £1 4s 6d. e E. AY. Burton 19 9d, Gas Company £l s ’ 15s, Ivimpton Bros. £1 ss, Borough o Council £6 14s 3d, Lynda Soap works 5 £6 3s, Ivia Ora Dairy Co. £9 19s, Okia tu Dairy Co. £7 Is, H. J. Poaccoke 3 and Co. 8s lid, H. Martin £1 16s, o James Morrison 4s, James McKee oe u lOd, J. Townley £2 19s 83, J- H- Or- - niond los/ F. Jeunc 8s 6d, D. J. Barry q £3 2s Cd, Smith Bros. £2 14s, SaTgood - Son and Ewen £ 70s -3d, Dalgety and ;• Co. £l2 -is 7d, T. J. Thomas 10s .od, :- Captain Tucker £ls, Aitken and AVilson £SO. The Auckland creditors are: a Redarrow and Dingo Co. £2 8s 9u, H. B. Alorton and Co. (merchants) £l4 is 4d Langgall and Co. (merchants) £l/ 15s, AVhittone, Elevenson and Co. (mer- . chants) £l6. Other creditors :AA ellingt ton Biscuit Co. £3 14s lid Hitebman r and Co. (Napier merchants) £i 10d Jone-s and Co. (Wanganui mer- ’ chants) £2 10s, Gregg and Co (Dunedin merchants) £36 3s lid; total £2/7 4s lid. ■ '