Hardman, special manager of the Central Garage, and Mr. Tycho ing for the Messrs. White.
After mentioning the resolution to accept an accommodation, Mr. Cooke said that he proposed to call the partners in the concern and put to them certain question, Mr. Hanbury was then sworn and was asked by Mr. Cooke for the causes of the insolvency and what led up to it, Mr. Hanbury stated that in 1916 the garage was Himited liability company, and the manager, Mr. Howard, made a) with a certain amount of money, which was not proved against him. He (Mr. Hanbury) had lent the company so much money that he thought it better to take it: over and run it on his own account, He paid up all the debts, took it over as a running concern, and took in Mr. C. J, White and Mr. W. A. White, Mr, J. B, Taylor was also taken in at"the same time, but later dropped out. He gave Mr.
A. White some shares in the concern for services rendered by him to the company. The business grew and expanded, but he had never had a faci's worth of dividends out of it. The property Jinkee Road was sold over their heads, and they had to find new premises. He bought the premises in Hongkong Road and put up a building. When he got married he made over the whole pro to his wife as a marriage settlement. What led up to the insolvency was, he supposed, overtrading and the slump which came fat the end of 1920, and they were Tet down by the manufacturers Home. They had huge commitments, overdrafts at the bank and had to carry margins and so forth. He was the senior partner. He had made a full disclosure of his estate and assets.
Mr. €. J. White was then called! jand stated that he had made a full disclosure, and there was nothing farther for" him to add, Mr. Cooke said that he did not think that any useful purpose would be served by calling Mr. W. A. White, A settlement had been made by him.
The Registrar pointed out that if Mr. W. A. White were not called, order could be made that his public examination had been closed.
Mr. W. 4. White was then called and gave similar evidence to that of the previous witness.
Bir, Cooke asked for an order that the public examination of the three debtors be concluded, and the Registrar agreed.
Hr. Wricht raised the question lof the approval of the scheme.
Mr. Cooke pointed out that before! this could be done it would have to be subject to the approval of the Oficial Receiver.
The Registrar © suid that" ai the Court was sitting for was the public examination, The proceedings then terminated.
Text read from the printed page and cleaned; old type leaves the occasional error.