Meeting of Creditors: A meeting of the creditors of Ludwig Wilhelm Schmidt, carrying on business as a merchant at 79 Charlotte Street, Birmingham, under the style of L. W. Schmidt and Co. and residing at Linder House, 18 Hunter’s Lane, Handsworth, was held at the offices of the Official Receiver, Colmore Row, yesterday morning … (statement of accounts) … Mr. Pinsent appeared for the debtor … Mr. Pinsent said he regretted that he was unable to make any offer of a composition. He asked for an adjournment for a fortnight, and that at the end of that time he hoped to be able to make an offer. The enquiries which had been made showed that the debtor was unable to find anyone to lend him sufficient money to pay a composition and to carry on his business. … Mr. Fallows: Are negotiations going on now? Mr. Pinsent: Yes: Mr. E. Rowlands: Is there a prospect of a reasonable composition being paid? Mr. Pinsent: There is a prospect, certainly: The Official Receiver: Can you form any idea what the composition would be? Mr. Pinsent: I don’t think it would be above 4s: … … A committee was appointed to make enquiries into the debtor’s affairs, and to report: The matter was then adjourned until the 10th prox., in accordance with Mr. Pinsent’s application.
Transcribed in whole or part from scanned originals: Presented with or without modified text and punctuation. For absolute accuracy refer to the original newspapers. Source: The British Newspaper Archive.
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GROxxxx Devonport