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In August, 1925, the First Bailiff found that large quantities of the consumable stores on board the ship were going bad owing to the heat. Considerable quantities were condemned by him and destroyed.
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He considered it advisable to sell other perishable stores
and informed Mr. Melbourne of his views. Mr. Melbourne con-
curred in the advisability of this measure and accordingly a
quantity of stores were sold on or about the 28th September,
1925. These realized $1,723.83.
The proceeds of this sale were not at the time paid into
Court by the Auctioneers and have not since been paid in.
It is noted that in addition to perishable stores, certain
of the ships crockery and glass ware was sold, and it is also
noted that certain of the perishable stores were sold to the
Empress Stores to which reference has been made above.
Mr. Nisbet, Registrar, S.C., was absent on leave from the
1st November, 1924, until the 12th November, 1925, and was
therefore unaware of the earlier transactions with relation
to the S.S. "Ling Nam".
On his return to the Colony he was informed of the
arrangement made with the Auctioneering & Brokering Co. Ltd. He regarded it as pledging the credit of the Court, but took no action as the matter had become involved by reason of the Company having already advanced large sums. He says that bo one was complaining and he thought that so far as the ship and the creditors were concerned no one would be prejudiced by a continuance of the arrangement. The ship being insured for $250,000, Mr. Nisbet thought there would be an ample margin
over all claims.
No
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