The Dorset County Express and Agricultural Gazette.
Dorchester, Dorset, England, 1864-11-08 00:00:00

CnLONEL WAUGH% BANKRUPTCY.

THURSDAY. —(Bdor r. Continis•ioner Goolbourn.),
—The bankrupt applied to ryas his last examination,
and for an order of disehsrge
The following is • itimniary of the official assignee's
report upon the b.lanse..beet
. . . . .

'The Minkrupt commene. s his balance sheet on the let
of October, 1852. The accounts embrace • period of
',merlin and a half, and give the following remits :
Dr. : To creditor. unsecured, £56,481; ditto on pottery
account, £1,775; credities bolding security, £260,313;
ditto, to be paid in fall. i:3l ; prat, £5967; surplus In
October. 1852. £8,577; making • total liability of
£333,177. The bankrupt dimbarges himself of this
large amount as : Good date, £l6; pottery,
£1,146; property in the bands r 4 creditors £186,281;
trade expenses, £4,113; interest, discount, commission,
and bank charges, £37.8011: legal and prufeeirion•l an
surveying, ka , ‘7,480; gifts, subscriptions, and
donations to charitie., allow•noes, kr, £5,778; farm
expenses, f 11,536 ; amount paid on account of forfeited
steamer, £730; premiums on life amuranos, £2,641;
share account, 0,989' balmier, of ado nose to C. H.
and F. B. here., £6.523; amount of expenditure no
alum cork., ; bed and doubt'ul date, £10621;
Wsugh's jointure &ennui', £3,594; church &mount,
£7,236; domestic and personal ezpeases, £44,556; cesb
Wanes. C5OO.
_ .

The lotlance-aheet commences with • statement of
affair. on October I, 18, the figures of which are
insignificant compered with the present. The samte
are therein Mated at £11,448, of which t 3,400 are
ettimsted, and the debts then owing by the bankrupt at
11,870.
In October, 1852, Breakage Island was sambaed for
£13,003, from whence arose the pottery busitiese, after
an outlay of about £48,000. The books °ono's:died with
the pottery appear to have hen well kept, end the
amount of profit arrived at it £3.967 but against these
divine there are expenses and bad debts to the extent
of £4,479. The bankrupt sold his eommiesion u colonel
in the 20th Foot in May, 1855, and appears about the
same period to have become • proprietor of 60 shares In
the London And Eastern Bank. In March previoes he
commenced his account with that beak, the tot .1 trona-
betinns with which •rnmsnta4 to £551,637, entitle with
a balance of £221,733. In connect on with store
adva.nco• from the hank and oth.r parties mast be
noticed an item in the balance-sheet for intere4, dis-
count, commission, and bank cherges.E37,Bo9. A
emnplete cash account hae been filed showing totals ots
each side, E 732.566. A great many vouchers have been
produced in support of this account. One of the meet
noticeable items taken in connection with the mull
profit, and the absence of other income, ia the hires
personel expen4itare for the (one and half Yearlo viz.'
e 44 555, in viewing which should be considered such
further voluntary expenditure classed under the bead of
" modeles," as "gifts, suteeriptions, don•tione to
eheritiet, allowances, ke., £15,778." The report, which
livery ably drawn by Mr. T. A. Worrell, on behalf of
the *Meta assignee, after referring to other portions of
the aecounts, concludes as follows :
....

—.—
" I believe the accounts to have been carefully pre-
parer, and they are probably ae accurate as eau be
ender all (be eirecusaanose of the cam.—T. • . Worrell,
for G. J. Graham, official assiguee."
Mr. John Linklater appeared on behalf of the
assignee.; Mr. C. E Lewis on behalf of the London
and Eastern Bank; Mr. Sargoed supported the bank-
rupt
Mr. Lioklater proceed an adjournment, end rad
that the balance sheet wee eled gm recently se the let
October, and it was desirable to have further time for
investigation. The figures in the accounts were very
heavy, and the large item of £44,556 was in rampant of
personal expenditure; but that was not to be wondered
at when the megniiceners of Colonel Waugh's enter-
tainments were taken into consideration. With regard
to the very large amount of about • quarter of a millions
claimed by the London and Eastern Bank, he (Mr.
Linklater) believed that the amount for which the bast
eras entitled to prove would shortly be arrived at, ands
• &Mcleod be &clued.

Mr. C. ft. Lewis asked that the claim tendered by the
Lrindfla and Eastern Rank should be considered with a.
view to it. being tarried into a proof. but
His Honor ordered an adjournment generallg,
Mr. Bargood, on behalf of the bankrupt, &glad for
forth. r allowance. Colonel Waugh had been dil4istly
engaged in his ancuids and mm. in a penniless oundition.
Mr. Linklater said that he could not concur in the
application.
The Conimisaioner did not think that the application
was rtascoable, and declined to order any further
allowaans.

Hr. Ramrod said the &Rowena' of LI iweek was
made op to the day spat inted for the tionitrupt to pees
lait examination. which time bad gone by. He
(Hr. &mood) enixa.ted this lb. &Rowena" should be
oontiou4 np to the time the bankrupt pared his ex-
amination.

os -WO-nor decided that the bankrupt should receive
the milkman. up to the present time, but that it should
not be continued.
Adjourned.