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MMETfNG OF CREDITORS.
A meeting of the creditors of Mr. E.
Smith, of Perth, saddler, was held at the
Supreme Court on Monday Mr. F. M. Stone
being in the chair. The object of the meet
ing was to confirm the resolution agreed
to at the last meeting, accepting Mr. Har
wood's offer of payment of the debtor's
liabilities in full — 25 per cent, in cash and
the balance at 3 and 4 months. Mr. Stone,
on behalf of Mr. Harwood, now said that a
difference had arinaii between Mr. Smith
and Mr. Harwood, and it ha-t been found
that the partnership as arranged could not
be carried ont, and Mr. Harwood therefore
withdrew from bis offer. It was now open
for anyone else to make an offer.
Mr. Smith : I do not say that Mr. Har
wood withdrew. I withdrew.' I think Mr.
Harwood has acted a very mean part and
has tried to ' have ' me in the straight
sense of the word. I reckon he has acted
in a very mean way.
Mr. Uaynes, on behalf of Mr. Smith, said
that the offer made at the last meeting was
now at an end, and there was no use in
discussing it. Mr. Smith now offered the
creditors payment in fall by bills at 3, 6, 9
and 12 months, with 7 per cent, interest
added, the bills to be endorsed by A. For
rest & Co.
Mr. Forrest said bis firm was prepared
to endorse tie bills op to JB1700.
A resolution accepting this offer was
then agreed to.
Mr. Harwood said that perhaps some
little explanation was required of him. Mr.
Smith said he had acted meanly. An agree
ment had been drawn up by Mr. Stone and
signed by Mr. Smith and himself, and after
that Mr Smith . went *vith faioi to Mr.
Stone's office to get an explanation and
came away satisfied. Nothing was dene
until tie Monday, and lien Mi. Smith pro
bably found out that the agreement was a
little too tight for him. It did not mat
and he withdrew from it. He was willing,
no matter what happened, to carry out his
agreement.
Mr. Smith : I should think you were.
A resolution to the effect that on handing
over tie bills, Mr. Smith be given his dis
charge, was then agreed to. Mr. A. For
rest was appointed trustee and the meet
ing adjourned.
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