The Sun.
London, England, 1855-06-26 00:00:00

----237,000 0 0
Namur and Liege Railway 4,910 8 4
Offiey extents 2,787 16 7

Amount raised on securities..
Ha'ford and Co
Liabilities, value received
Ditto, no value

. _ .
113,000 0 '0
26,522 0 0
68,220 0 0
12,500 0 0

£680,65819 3

ASSETS.
Debtors on loans considered good, say £lOO,OOO 0 0
Ditto, overdrawn account 20,000 0 6
Debtor, bad and doubtful
Not carried out,--
Halford and Co., debtor balance
Bad and doubtful, not carried out
Sundry bad debts 31,440 0 0
Sundry debts secured,—
By policies of insurance, ... £1,300 0 0
... 9,000 0 0
6,000 _0 0

•

19,300 0 0
Say 6,000 0 0 6,000 0 0

•213
Bills discounted, supp osed g00d,300 0 0
9,000. 0 0
Sundry shares and securities at bankers,
say .......... . .. ....
Debts clue to Raiford and Co., say 35,000 0 0
£400,09812 2
180,000 0 0

640,C98 12 2
Liability for which no
value received 12,500 0 0

652,593 12 2

Mr. Lawrence then said it would appear that the gross
amount of debts against the firm was 680,000/. ; that
was quite irrespective of any deficiency which might be
found in the security held by creditors, and irrespective
of any surplus which might come from those securities.
The assets were, as nearly as possible, debtors on loans,
100,000/. ; ditto, amount due on overdrawn account,
20,000/. ; bad and doubtful debts not carried out,
276,446/. ; Halford and Co., 19,0091., which was not an
asset ; and bad debts, 31,4001. These items were rather
as a matter of account, for, of course, as assets much had
depended on realization. With respect to Halford and
Co., he might state that the accounts kept at that house
were principally kept by a class of persons who were in
the habit of drawing in anticipation of their credit. They
expected from Halford and Co. about 20,0001. upon over-
drawn accounts, inasmuch as the debts of Halford and
Co. had all to be proved against the estate ; the same
partners constituted both firms ; the 20,000/. would be
in addition to the sums already given. The firm of Hal-
ford and Co., if it stood alone, would be solvent with a
surplus, inasmuch as the debts proved against the estate
were less than the assets by the sum of 20,0001. ; but of
course, from the fact that the same men were in both firms,
it was really one common account. There were bills dis-
counted, and supposed to be good, in the bands of the
official assignee, to the amount of 9,0001. Sundry shares
and securities at the banking-house were estimated at
5,0001. If all the separate debts of Mr. Strahan were
paid in full, there would be a surplus to the joint estate
of 5,0001. The preceding figures were of course swe
without
to alteration on subsequent investigation. The assets
would be, speaking in round numbers, and judging from
present appearances, 150,0001,, or 160,0 c
reference to the large sums advanced on foreign rail-
roads, and which would represent an item of 276 000/
The Official Assignee.— So I have guessed ; but I can-
not speak positively.
Mr. Cooper said he appeared for several noblemen and
gentlemen who had proved their debts against this estate,
and, as the case was one of no ordinary character, be
hoped the Court would direct a full sad
.searching in-
VentigatiOUe Several of the oreditQra- might-bar jigger