£5000 DAMAGES FOR VICTIM OF LAND DEAL.

Manawatu Herald, Volume XLVII, Issue 2949, 15 October 1925, Page 2

£SOOO DAMAGES FOR VICTIM OF LAND DEAL.

1 THE ALYNGAHAO CASE. Hamilton, October 14. The judgment of Air. Justice Herdman was delivered in the Supreme Court in the ease in which William Allen Patterson and Jane Patterson sued Frederick Charles Hand Cor £15,150 damages. The action had its origin in respect of a land exchange. Plaintiffs alleged that in his dealings with them defendant was guilty of fraud, or, in alternative, that in his capacity as their agent defendant was guilty of a breach of duty.

Ilis Honour held that there was enough evidence to find fraudulent misrepresentation. Judgment was given for plaintiffs for £5241, with costs according to scale. [This case concerned a land deal involving a block of some. 10,000 acres of mountain at Mangahao which was described as worthless, and which was taken on a £40,000 equity, in exchange for a property at Te Poi, comprising 1300 acres, by plaintiff. The upshot of the whole business, said plaintiff’s counsel at the hearing of the case, was that his client lost his Te Poi farm had paid Hand £475 commission and £OOO and paid out £7OO in other expenses, and.now Hand had taken over the Mangahao block and bad left his client with nothing. In the course of his evidence plaintiff said the net result of the whole transaction was (hat he had lost his equity, in his farm and stock at Te Poi valued at £12,150; Hand had bought in the Mangahao properly at a forced sale at £5400, and witness had paid Hand £475 in commission and £OOO to delay the sale, which had not been done. He had also paid two lots of interest of £3OO an had lost .interest on £12,000, the amount he believed would be his equity in Mangahao for 44 years. It was on these losses that he based his claim in the action.]