PLAINTIFF SUCCEEDS
CLAIM AGAINST CORPORATION. RE-TRANSFER OF SHARES. Per Press Association. CHRISTCHURCH, Aug. IG. Holding .that the contract was procured by fraud, Mr Justice Kennedy, in a reserved judgment issued to-day, ordered the Australasian Investment Corporation, Ltd., to re-transfer to George Herbert Elliott £540 worth ol debentures in the Investment Executive Trust of New Zealand, Ltd., and to pay him £IBO for dividends received from the Public Trustee in respect of the debentures and £6O paid by Elliott. The judgment provided that plaintiff should, return to the company its shares allotted to him. Costs were also granted to plaintiff, who is a retired art master, Palmerston North, and who brought the action against the Australasian Investment Corporation in Christchurch in April last, seeking a return of the debentures transferred by him to the corporation, together with cash paid pursuant to the contract and dividends paid on the debentures in the meanwhile* on the grounds that the contract had been procured by fraud.
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https://paperspast.natlib.govt.nz/newspapers/MS19370817.2.17
Bibliographic details
Manawatu Standard, Volume LVII, Issue 220, 17 August 1937, Page 2
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162PLAINTIFF SUCCEEDS Manawatu Standard, Volume LVII, Issue 220, 17 August 1937, Page 2
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