W. Brassey’s Bankruptcy.

Gisborne Standard and Cook County Gazette, Volume IV, Issue 501, 25 September 1890, Page 3

W. Brassey’s Bankruptcy.

Moxday’B Napier Telegraph the following report of the meeting of creditors in Brassey’s estate ’—The Assignee stated the la*t meeting was adjourned for the purpose of enabling the debtor to hand in accounts of the different bills of costs. Mr Brassey had received £5O from Mr Studholme in settlement of the account' sgaihet him up to date. He (the Assignee) had h*ld over the ehrque until h«* had an opportunity of com*, municating with Mr Stpdljnlmc- .MrJßrawpy had told him that the bi! of cnsts was worth £l5O at the least. He did not feel jus'ified on hi* own responsibility in accepting £5O in setthmeni of the account. Th* Poututu land was wet down at £3OO. bqt wi’hout the it was imposwib’e for him to say whe'hw it was worth that amount.—Mr Lascelles s&id he had b a en instructed by Mr K-iight to take proceedings for the recovery of £56 from the estate He had called at Mr Brsssev’s office and the clerk had given him Mr Knight’s papers in connection with the matter. Mr Brassey had at a}hfcMiF Brassey asked what right hid Mr Lascelles to do that in his absence? Mr Lap. celles had said he bad no lien upon the documents. It was a mo.°t unheard of thing for a man to go to anoiher person’s office whilst he was away and induce a young clerk »o give up documents which he had no authority fnr taking. He (Mr Brassey) was away ip Wellington at the time. Ha had given Mr Knight credit for a certain amount.— The Assignee: Do you say you took the papers with my authority, Mr Lascelles ?— Mr Lascelles : No, I never did. — The Assignee said the Poututu block 4wi--been referred to, bqt no papers in conneqtjon therewith had bpen handed to hinLM-lt* Brassey ; Am Ito expound the judgmeirtlo* the creditors ?—The Assignee said up» hut he would like to look at the judgment — The judgment was handed in The debtor said the security woa worth what he bedput it down for, JJ3OO —The Assignee said unless the debtor banded in the bills of costs an order from the Supreme Qnnrt would have to He appli d far to compel him to give the desired information debtor said bis position with Mr Sfu?ho]me was well known and perfectly clear. In the contract entered into with him-j if successful, there would Bb."the, jgftf amount of remuneration set dftwn. -Tffiq Assignee said he would not adjourn the meeting again, but if all the bUla of Qoate | were not handed in by noon to morrow he J would apply for order of the Court.—Mr If all -the accouata wore to

be made out it would take longer than t< -morrow at noon. He had done his best in drawing up statements. If he was to be jambed in a corner the order of the Court would have to be applied for.— Mr McLean : We better apply for the order now.—Mr Brassey : I don't know who u we ” are.—Mr McLean : If you choose to take up that position you can. I am not going to bandy words with you here. The Assignee has already been too indu’gent.—Mr Brassey said he would hand in the statement by tomorrow, if assisted.—The Assignee': Will four o’clock to-morrow do ?—Mr Brassey ; Ye*.—The Assignee: It’s no use you undertaking to provide the statement if you can’t do it by to-morrow.—The debtor: It

seems to me I must; otherwise the summons will be taken out. I have other matters to attend to, which doesn’t seem to be taken into account —The debtor premised to hand in the statements of all the bills of costs by Thursday.—The meeting then adjourned sine die.