CO129-263 - Acting Governor Barker Governor Sir Robinson - 1894 [5-8]

I state, therefore, that in most cases the main object of bankruptcy proceedings is not to secure and manage the estate but to afford protection to the debtor. In proof of this assertion, I beg to place before Your Excellency the following figures.

Year Total Debts Proved Amount Received 1892 $566,951.98 $13,432 Received 1893 $388,130.92 $20,698 Received

Under New Ordinance A 20 of 1891.

Total Debts Proved Amount Received $40,832.30 $13,531.43 $16,879.94 $5,319.51 $4,813.54

It will be seen that if the amounts received in the estates are deducted from the total realized in the other estates, a very small proportion remains.

Estate Number of Petition Assets Bankrupt Creditor Scheduled Amount Received by Official Assignee A 17 $189,667.47 $16,142.00 B $349,661.46 $21,379.43 $25,899.18 C $57,675.50 D $958.46 $28,806.90 $5196.00 $699.42

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The total debts proved were $59,985.85, $112,353.40. Estate A, including $11,814 received, totalled $591,041.89; the assets have been realized in the estates A, B, and C.