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] AFFAIRS OF MR. THOMAS STATTER.

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] AFFAIRS OF MR. THOMAS STATTER. A SUBSTANTIAL ESTATE. At the Bolton Bankruptcy C-ourt on. Friday, before M,r W. W. Cannon, Deputy Registrar, Mr Thomas Statter, Stand Hall, Whitefield, farmer and agent, and also trading at Egerton-street, Manches- ter, under the style or firm .of "Pendle- bury and Co. as carriers, was examined by Mr T'. H. Winder, Official Receiver. Mr Field (Messrs Field and Cunningham, Manchester) appeared for thei debtor. The, 'debtor's: statement of affairs showed gross liabilities £50,019, of which it was expected £ 16,721 would rank against the estate for dividend. The assets were esti- mated to, produce £40,381, leaving a sur- plus of £ 23,659. He attributed) his pre- sent position to sudden pressure' of credi- tors, to the outlay required to develop the, Outwo.od Brick Company, Limited, and to losses, sustained through guaran- tee given for and expenses incurred on be- half of his son. In reply to the Official Receiver, the debtor said, his statement of affairs had been prepared with the best knowledge, he possessed, and were accurate. The valuation .of certain properties held by secured creditors had been arrived at by him without, the assistance of experts, but, after mature consideration. The District Bank, a secured creditor for 23,972, held the: Stand Hall property, which had been assessed, and had indeed sold for £ 5,000. The Lancashire and Yorkshire Bank, a creditor for £ 24,423, held securi- ties valued at £ 28,176, and the Union Bank, a partly secured: creditor for R,8,414, held security for £ 4,000. He was interested in the Outwood Brick and Tile Company. He valued his book debts at £ 10,404. Thei Official Risceiver: If I under- stand that matter aright, you consider the Outwood property to be worth a con- siderble sum? It has cost betwe,en £ 25,000 and £ 30,000. At, least it is worth £ 10,000 I—At least, it is worth that. It ought to be worth what it has cost. It, is just ready to de- velop. Other properties—farm stock, furni- ture, orchid s-thes. are put at your own valuation 1-Yes. I do not think I have put enough upon, them. You have estimated- them too low?—I have indeed. You consider yourself perfectly sol- vent?—I do. Questioned as to the Outwood pro- perty, Mr Statter said that although it, was limited company, it was; really his own property, inasmuch as none of the shareholders ha,d, anything more than a nominal interest. It, was a valu- able working concern, and he considered its capabilities unbounded. The Official Receiver With regard to the causes which have brought you to this court, I believe the expenditure upon those works have been a catisei to a, large extent? Of course it has been. a biggish drain. The works have to a large extent been the, cause of the tying up of your capital? -Yes. I want to mention this matter as a cause.. I think you have to a large extent guaranteed your son?—Well, that is true. It is very natural that a father should help his son and do the most he can for him. Perhaps he may do a. little more than is consistent. There, is always a weak spot in a father's heart. My son's expenses and guarantees have hampered me to a certain extent, and the two things coming together were too heavy. These two, things have involved you 1.0 a. very large, extent—I believe something like £ 30,000?—.Yes. I believe thesei two. caus3s L(en really what have led to yuur financial position to-day? The great cause if all is the bank, which I have, done business with for forty years. They were thoroughly secured for all the money I owed them,. They dropped on me sudden- ly and served me with a writ for £ 24,000. I never thought for one- moment they would have taken the steps they did, but they put the bailiffs into my house, and I had to face my collection of pictures, china, etc. being frittered away. Further' examined, the debtor said the overdraft was a, very old one. He had had it for forty years. The Official Receiver The: bank were naturally anxious to reduce it. Is that, so ?—They have been of late. They thought perhaps these works were a big thing and it ought to be lessened. Am I right in saying that for the last four or five. years they have put on con- siderable pressure with the object of getting you to reduce the amount?—Yes. But instead of reducing it it has been a gradually growing amount?—I do not think it is very much different. Has it been much more. than, it is to- day1? It. was far more once, a great, deal. It was P,10,000 more. You call it "sudden pressure" ?—Yes. Do you call it unreasonable pressure:?— I do, most unreasonable pressure. I will tell you why- Could you not have anticipated and saved this bankruptcy?—No, I do not think I could. You see I was taken very ill, and I resigned a position I had held for something like forty years, and I think as soon as I resigned they thought "We will get what we can." That is what they did. You think you could not by an earlier grasp of the situation and a resolute, effort have avoided the exposure of bankruptcy? -I dare say I could, but I wa,s not afraid of bankruptcy when I was able to pay 20s. in the, pound. There is one thing I should like to be allowed to say. When the bank took this strong: action against! me they found out that, they were secured I fully, and they have not proved, which shows it is: rather drastic treatment. No creditors desired to ask further questions, and the examination wa,s closed. CONFIDENCE IN MR. BALFOUR. LORD HUGH CECIL CONCURS. At the last monthly meeting of the, Executive Committee of the St. Asaph Constitutional C'lub, resolutions express- ing warmi sympathy with and unabated confidence in the leadership of the, Prime Minister, and high appreciation of the gallant fight- made by Lord Hugh Cecil to keep the ranks of the Unionist party open to the Free Food Unionists, were passed and forwarded to Mr A. J. Balfour and Lord Hugh C-eicil respectively. The fol- lowing replies have since been received by Mr Miles R. Partington, secretary of the Club: Dear sir,—I have read with much satisfaction the resolution which you have forwardie-cl oin behalf of the St. Asaph Constitutional Club, and I beg you, will take an early opportunity to convey to the members my sincere thanks for this expression: of confidence in His Majesty's Government.—I am,, etc., Arthur James Balfour." "Dear sir,-I am very much obliged for the most kind and encouraging resolution passed by the St. Asaph Constitutional Club. I concur in your expression of confidence in the, Prime Minister.—I am, etc., "Hugh W. Cecil.-

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