Important Decisions

Feilding Star, Volume IXI, Issue 21, 4 August 1887, Page 3

Important Decisions

t*XX TTNITEir-PKBfiS ASSOCffTIW?]: ■"■':' f'T'f. .:•■■/;■;'•: Wsiiiftdrqn, AiiktiKt 3.. In the Suptenie^GdUi-t this morning ;, Judgment .w.^gi^n.i^tt.cM^ pn< 'transactions.; ti^flOTp. n( ,#M; t^^l^ouißan^^v; Ci|y My*™ • '" •Cfompany, "' Judge Eicnmond gav< j udgmenf fpr 1 amount claiinet . (s£§Qo)' w^ in|berest; fopm jtinw of de . „ positVwidV'cpsts.on thi, highest '■" Herema'rkedithat the conduct of bptl „; saysthe least [ofoitS-re fleeted norcredit . oa the managem^n 06 either." Ii PKarasyi and Others v Mason and othersfi ithe present trust f -Oees-.df iW. "B-^Ehbdfes 'StaftefVAift th< late trustees for» moneys lost By tj(« ■defalcations of Watiit^ Taylor;' oaeoJ :the trustees. BHs-Hdnor laid it down - as j a -principle, that a trustee, had no •- rigblt to ; pUce'9r;feaye. .trust moneys underwrote cpnlrpLpf >ny one pi Taylprhad b,eenifc%Fed , ]to«igaf(jb.eciues merely countersigned by a book-keeper, /but had it been •; . i necessary to get the cheques signed by other trustees, i most -probably,^the dp: falcatidns would have^bfeen, checked at the start: Ju^gtaettt was' given afeainst the defendants lor > £6,500, capitalsums i 9sUld,, due r ;JOT^intai^''aoi^fc^-/S h S-WS? Ullt f ' interest was; left. as a,. matter* of ariarigemenfc Mi» Ehodes.^wa* oi«[ of the itrustew herself/^; ;^)^ | '«