Post by nzbc on Apr 23, 2016 19:06:19 GMT 12
Yee Kee's Bankruptcy
MEETING OF CREDITORS,
The creditors in the bankrupt estate of Yee Kee, grocer, met at the Courthouse this morning. Mr J. F. Jardine, Deputy Official .assignee, presided. The following creditors were represented: Bobjohns, Hindmareh, and Co., Davidson, Irvine, and do., Myers and Co., Shack Hone, Yee Chong, fc'aunders, Gilberd, and Co., H. F. Cohen, and M. Lascel'es.
Messrs Cresswell and Sheath represented the bankrupt.
Shack Hone consented to act as interpreter at the Assignee's request.
The statements of the bankrupt showed his unsecured oreditors to total £1994 lie 10s, and the assets £484 16s 10d (comprising' book debts estimated t) produce £200, and stock-in-trade £284 16b), leaving a deficiency of £1509 15s.
In reply to a question by Mr Jardine, Mr Sheath said he had arrived at the particulars in the statement through the assistance of Shack Hone, who could speak fairly good English. In his sworn statement the bankrupt said he commenced business in Napier next to W Prebble's as general storekeeper in April, 18-8 6, Yee Chong, of Wellington, having half share. Each put into the business about £150. The bankrupt received 30s per week as wages, and half share of the profits, and also managed the business. The partnership continued for about three years with very little profit. Yee Chong then withdrew, Yee Kee agreeing to pay him his share (worth at that time about £600) as best he could. There were two branch shops in connection with the business, one in Hastings managed by Sing Lee and one at Waipawa in charge of Gee Hop. Lost £50 with the Hastings business, and the shop was also robbed of £150. The bankrupt had to bear the whole of this lose. Chong Kee took the management from Sing Lee on the same terms, and this arrangement continued till the big fire at Hastings, by which Yee Kee lost £100 Lost £68 by the Waipawa business in two years, and he then closed it. Also started a shop at the Spit, but lost about £15 in six weeks, and afterwards discontinued the business. Lost £150 by the bankruptcy of Quong Kee at Gisborne. At the time of the late heavy floods three companies of Chinamen at Clive were indebted to him collectively in the sum of £285 12a 10d, and owing to the losses they sustained he had to take £80 in full satisfaction of this indebtedness, thus losing £205 12s 10d. He left the "shop next to Prebble's about two years ago, as he thought the rent was too high. He was paying £3 a week at first, but this was afterwards reduced to £2 10s, and subsequently raised again to £3, in addition to having to pay rates amounting to £15 a year. When he went to his new shop he had to increase his stock, and shortly after removing he found the cash business falling off and the book debts increasing. To extend the business he purchased a horse and cart for £40, which he afterwards sold for £20. Later he lost about £200 through the illness of a countryman named Ah Tung, who subsequently died in the Wellington hospital The statement concluded, "I am a married man, and my wife and two children are at home in China with my two brother, and as I am the oldest in the family, I have to support them." In reference to this statement, Yee Kee, in answer to questions put by the Assignee, said he had not received anything out of the Quong Kee estate, although he had proved. With respect to the loss of £200 through the sickness of a countryman," the bankrupt said the person referred to was Ah Yung:, who had been working for him, and had become a partner in the business.
Daily Telegraph , Issue 7172, 21 September 1894, Page 3
paperspast.natlib.govt.nz/cgi-bin/paperspast?a=d&cl=search&d=DTN18940921.2.20&srpos=34&e=-------100--1----0quong+chong+on+-- Yee Kee's Bankruptcy
MEETING OF CREDITORS,
The creditors in the bankrupt estate of Yee Kee, grocer, met at the Courthouse this morning. Mr J. F. Jardine, Deputy Official .assignee, presided. The following creditors were represented: Bobjohns, Hindmareh, and Co., Davidson, Irvine, and do., Myers and Co., Shack Hone, Yee Chong, fc'aunders, Gilberd, and Co., H. F. Cohen, and M. Lascel'es.
Messrs Cresswell and Sheath represented the bankrupt.
Shack Hone consented to act as interpreter at the Assignee's request.
The statements of the bankrupt showed his unsecured oreditors to total £1994 lie 10s, and the assets £484 16s 10d (comprising' book debts estimated t) produce £200, and stock-in-trade £284 16b), leaving a deficiency of £1509 15s.
In reply to a question by Mr Jardine, Mr Sheath said he had arrived at the particulars in the statement through the assistance of Shack Hone, who could speak fairly good English. In his sworn statement the bankrupt said he commenced business in Napier next to W Prebble's as general storekeeper in April, 18-8 6, Yee Chong, of Wellington, having half share. Each put into the business about £150. The bankrupt received 30s per week as wages, and half share of the profits, and also managed the business. The partnership continued for about three years with very little profit. Yee Chong then withdrew, Yee Kee agreeing to pay him his share (worth at that time about £600) as best he could. There were two branch shops in connection with the business, one in Hastings managed by Sing Lee and one at Waipawa in charge of Gee Hop. Lost £50 with the Hastings business, and the shop was also robbed of £150. The bankrupt had to bear the whole of this lose. Chong Kee took the management from Sing Lee on the same terms, and this arrangement continued till the big fire at Hastings, by which Yee Kee lost £100 Lost £68 by the Waipawa business in two years, and he then closed it. Also started a shop at the Spit, but lost about £15 in six weeks, and afterwards discontinued the business. Lost £150 by the bankruptcy of Quong Kee at Gisborne. At the time of the late heavy floods three companies of Chinamen at Clive were indebted to him collectively in the sum of £285 12a 10d, and owing to the losses they sustained he had to take £80 in full satisfaction of this indebtedness, thus losing £205 12s 10d. He left the "shop next to Prebble's about two years ago, as he thought the rent was too high. He was paying £3 a week at first, but this was afterwards reduced to £2 10s, and subsequently raised again to £3, in addition to having to pay rates amounting to £15 a year. When he went to his new shop he had to increase his stock, and shortly after removing he found the cash business falling off and the book debts increasing. To extend the business he purchased a horse and cart for £40, which he afterwards sold for £20. Later he lost about £200 through the illness of a countryman named Ah Tung, who subsequently died in the Wellington hospital The statement concluded, "I am a married man, and my wife and two children are at home in China with my two brother, and as I am the oldest in the family, I have to support them." In reference to this statement, Yee Kee, in answer to questions put by the Assignee, said he had not received anything out of the Quong Kee estate, although he had proved. With respect to the loss of £200 through the sickness of a countryman," the bankrupt said the person referred to was Ah Yung:, who had been working for him, and had become a partner in the business.
Daily Telegraph , Issue 7172, 21 September 1894, Page 3
paperspast.natlib.govt.nz/cgi-bin/paperspast?a=d&cl=search&d=DTN18940921.2.20&srpos=34&e=-------100--1----0quong+chong+on+-- Yee Kee's Bankruptcy