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W2707 FRANK J. ROGERS' STATEMENT CONCERNING THE ESTATE OF HARVEY & MCQUESTEN BANKRUPTCY
Nov 28 1888
To:
From:

In the matter of the Estate of John Harvey and Issac B. McQuesten lately trading under the name of Harvey & McQuesten.1

I, Frank J.Rogers of the City of Hamilton, Accountant, of the Bank of Montreal at Hamilton, make oath and say;-

1--The Bank of Montreal has sold the mills and premises referred to in previous claims of the said bank made herein to one Brodie, and the sale was completed on the 23th [sic] August 1888. The price obtained for said mills and premises was $70000, payable $5000 in cash on completetion of the sale and the balance was secured by mortgage bearing interest from the 1st January 1889. The Bank claims in respect of the Mortage referred to in the previous claims the balance after deducting the net proceeds of sale $41645.64 made up as shown by the statement here to annexed marked "A"

2--As to the items referred to in schedule referred to in the affidavit of claim made by me herein, the bank claim to rank on the Estate in the balances of respective notes after deducting payment made theron. The claim of the bank in respect of the said notes is $3396.22 as shown by the statement hereto annexed and marked "B".

3--The Bank claim the full amount of the items marked "B" in the affidavit of claim of the 15th November 1887 less $38 the amount of the Vickerman note which has been paid.

4--The full claim of the bank is summarised as follows;-




Sworn before me at Hamilton in the County of
Wentworth this 24th day of November 1888
(sgd) J.A.Culham

Amount of schedule "A" hereto annexed . . 41643.64

Amount of schedule "B" hereto annexed . . .3396.22

Amount of items "B" of affidavit 15th Nov 1887less
Vickerman note 18709.05
------------------------
Total amount of Banks claim . . . . . 63748.91
)
) (sgd) F.J.Rogers

A Comissioner in the H.C. of J.

STATEMENT "A"


1888,28th August
Statement of Mortgage Account

Mortages from Harvey & McQuesten to Bank of Montreal

Amount of cash on sale to Brodie........5000.00
Amount of Mortgage given for balance of purchase money..65000.00

Less rebate of interest from 1st January 1889
(when same begins to bear interest) to 28th August 1888.....1333.56
Total...63664.44
-----------------------
Total...68664.44

DEDUCT THEREFROM

(a)Int. frm 15,Oct.1887 to 28,Aug.1888 on 105,125.00=........$5407.66

(b) Money paid Cruickshank from completing
building for its protection . . . . . 771.00

(c)Costs of and incidental to sale of
mtg.premises.....331.89

(d)Amount paid for wages of caretakers watchmen
and sundry small accounts . . ........939-79

(e) Amount of taxes for 1888 . . . . . . . ..811.58

(f)Amount of insurance premium pd. by bank .277.29

(g)Amount paid for coal used at mill . ......726.40

(h)Amount of interest on advances from dates to
28, Aug. ........ 70.03
----------------------- TOTAL.............. 9335.04

Net proceeds of sale at 28th August 1888
to be credited on principal of Mortgage
...............59328.80
-----------------------
Tota..........103125.00
To amount of principal of Mortgage
CR

By proceeds at 28th August 1888....... 59328.80
-----------------------
Balance.......43796.20
Less rebate of int. from that date to
2nd Nov.87.....2152.56
-----------------------
Claim to rank for balance........... 41643.64

STATEMENT "B"
T.R.Jones & Company's notes.

Due Mar.4,1888..$544.66

May 1, 1888......167.72

Aug.3,1888.......167.80
----------------------

Total............880.18


D.Kitchen

Due 18th Nov.....20.64

Less dividend....10.97
----------------------

Total............18.67


J.G.H Brown & Co

Due 4 Mar.1888..3616.41

less composit'n.1616.56
----------------------
Total..........1999.85

John Greene & Co

Due 4, Feb.1888..422.20

do..............249.19
----------------------

Total............671.99

Less Composition.335.16
----------------------

Total............336.83


W. J. McMaster & Co.

Due 4 Feb. 1888..137.01

Less Div.20c/o....27.40
----------------------

Total............109.61


B.A. Smith 18 Mar.1888 .....................51.08
----------------------

Total............3396.22





Re Harvey McQuesten & Co.


Claim of Bank of Montreal


Jas.Chisolm

1 John Harvey and Isaac McQuesten were partners in operating the cotton and wool mill during the 1880's but the mill failed with $900,000 in liabilities. See W2652 for more information.

This transcription includes W2707, W2708, W2709, W2710.


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