Papurau Newydd Cymru

Chwiliwch 15 miliwn o erthyglau papurau newydd Cymru

Cuddio Rhestr Erthyglau

21 erthygl ar y dudalen hon

LONDON CORRESPONDENCE.

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THE EASTERN QUESTION., 1

WILLS AND BEQUESTS.

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FAILURE OF CITY BANKERS.1

Newyddion
Dyfynnu
Rhannu

FAILURE OF CITY BANKERS. A meeting of the creditors of Mes., Willis, Per- cival, and Co., private bankers, whose recent failure has attracted so much attention in City-circles, was held at the Cannon-street Terminus Hotel; There was a crowded attendance. Mr. Simøn Becjr, a large creditor, of Ironmongers' hall, was voted to the chair. A summary of liabilities and assets, with-an estimate showing the basir of the proposed sale of assets for a dividend of 9j. in the pound, presented by Messrs. Turquand, Youngs and Co., the liquidators, was read bv Mr. Turquand, who mentioned, that the doubt- ful debts were eetimated to realise £ 60,860, which included the value they bad placed on the debt of Gerussi and Co., of Pdotras-an important item. There was property valued at .£4000, consisting of a policy of insurance on the life of a debtor, purchased by the fir of the value of £ 3000, furniture at the bank, £500, ar.d S500 which they would receive from the Clearing-house, The surplus from the separate estates was, Mr. Henry Willis, .£613,i)96, including tbe lite interest under bis mar- riage settlement, £ 13 000 cowing to him in the shape of reversion under bis father's will, and the bank premises. The surplus of Mr. Samuel Tomkins was £ 10,493, consisting principally of shares in public companies, and two policies of insurance. The surplus of Mr. S. Leith Tomkins was £127. There was an item not carried out of £ 46C0, the estimated value of the partners' household furniture. Uti was bound to place it in the statement, but the Hampshire and North Wilts Banking Company hbd consented, in the event of the arrangement to which he would afterwards refer being carried out, to aban- don this item to the partners. The total assets were £291,062, subject to these deductions £ 22,166, liabilities on the estate of Mr. Willis, senior; £ 80rt.% the funds of charitable institutions and the item of £ 3377, the surplus of the Government securities. These three claims came to £ 33,608, and they reduced by that amount both the liabilities and assets. Mr. Turquand then referred to the negotiations which bad brought about tho offer o; 9s. in the pound by the Hampshire Banking Company. The circumstances in which the offer of 10a. in the pound was with- drawn were, he had no doubt, generally known. Two or three other banks to which the offer was made to purchase the property refused to enter- tain the notion. The liquidation expenses were esti- mated by the Hampshire Banking Company at £10,000, this amount including X3000 for three months' salaries to the clerks, the expenses of sending out a gentleman to Patras, and Court fees. He had gone carefully through thtse valuations with members of the firm. After deducting the £33,608, the creditors were reduced to £529,909, and the assets to £ 247,453. To pay 9a. in the pound would take £238,460, leaving a balance of about LgOOO in favour of the Hamp- shire Banning Company. Since this result has been arrived at be had communicated with that company to see if they would improve their offer, but they had declined. They had, however, offered to retire from their proposal. In reply to questions, Mr. Turquand said the Hampshire Bank had agreed, on the adop- tion of the proposal submitted, to pay him the sum of £238,000, which he would distribute among the creditors as rapidly as the cheques could be drawn. The full 9.a. in the pound would be distributed. The agreement was signed and sealed by the Hampshire Bank. Resolutions were then passed liquidating the affairs of Henry Willis, Samuel Tom- kins, and Samuel Leith Tomkins by arrange- ment, appointing Mr. William Turquand trustee, expressing the opinion of the meeting that the pro- visional arrangement entered into by Mr. Turquand with the Hampshire Banking Company was a bene- ficial arrangement for tae creditors, and desiring the trustee to convene a meeting of creditors to confirm the arrangement; forthwith discharging Messrs. H. Willis, S. Tomkins, and S. L. Tomkins; and intrust- ing Messrs. Lawrance, Plews, and Baker with the regis- tration of the resolutions. Votes of sympathy wit,h Messrs. Willis and Tomkins and of thanks to Mr. Turquand and to the chairman terminated the pro- ceedings.

O'DONOVAN ROSSA AGAIN.

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PARLIAMENTARY INTELLIGENCE.

ARRIVALS OF SPRING BIRDS.

HUMAN FLESH SAUSAGES.I

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THE ASSASSINATIONS IN IRELAND.…

THE DOG QUESTION IN THE COMMONS.

CLAIM FOR DAMAGES.

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PROPOSED POST ADVERTISING…

INCITING TO FIGHT A DUEL.

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THE KAFFIR WAR.

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