A SMALL LOAN

NZ Truth, Issue 1178, 28 June 1928, Page 7

A SMALL LOAN

But It Caused Jones Much Trouble (From "N.Z. Truth's" Christchurch Rep.) , When William Hay, of Chriatchuroh, decided to interest Basil H. Jones m a store at Sefton which Hay was running, additional ■ finance to boost things along a bit ■: seemed indicated. V^ ;-| DUT ready cash was somewhat tigbt£f| *•* and Hay waited upon Lawyer Dale;is| with a request that a loan . be\'^^<;|| ranged. . • ■ ;.. '■■;;'ss§ Lawyer Dale, however, was riot pre-Kj pared to let Hay have a loan 'on^a>gsj| P.N. unless the signature of •J6hwf£y£i with whom Dale had previously dpne^ll business, was appended. ■'•'.- ' a There was to be no trouble aboiijtjil this. Hay signed the P.N. In Dalejs|!|| office and took it away to get. Jones' f|§? signature. : : -~ "V$M Jones signed It and Hay posted vi|isJ back to the solicitor. The cash diOpfe| came to light. '■ SS^ But much trouble followed this . llttfaygs transaction • and m the finish Jonear.^4 repudiated his signature. i^?? He had never signed the P.N.I he v ' ?, declared, but when the Equity I„m Investment Co. sued him last, weak; v^ for £128/10/-, his denials availed^' . him naught. " t^iypf Magistrate .Mosley -gave : judgrrien;t||| for the company for the full amount^g Claimed, plus costs. The proposed partnership in..:tj*e||| Sefton store between Hay and ,J6ri<ejSpf did not eventuate, hot through bußJj<rJfs ness reasons, but, as Hay- told ;tn||p : court, "through a personal matter^ which has nothing to do with thls&l case."/ .:" :■-.•■ - : vV. ■- ' . , ; . The loan was for. iEIOO and the P;N;W|I with interest added, was to be dii6;||| four months after it was advanced.,? 1 j;B^ . But nothing was paid, because JoMßs?i repudiated his signature, which \apj--|g| peared with Hay's ton the note. V^tSp Hay made -it clear to the pogrt*sp| that he was quite prepared topayj^g his whack and had "made an offer 1 ! to this effect. . ' '■■ -''£$Ms, Following correspondence, . hpweye|M| between Lawyer Edgar and /^oneß---pf,^m rather, a one-sided correspondence^ be^^g cauee Jones ignored the whole matter^p for a month— flummonses were ißriii.e'^M^ against both Hay and Jones. .r ;^^ SIGNATURE DENIED '7 Ift — ~~ — ! — " : ■ -.- ■■■ • ■■ • '•■-•• -■■^:"^ Hay told his story :in the witnessr.^ box. He declared emphatically ttiafcsag Jones had signed the P.N. m the'office|g at the store and m his' presence orie|s|| evening. ! ' • '> ' ; '.■• , '. .--■ Jones eaid -no. He denied that, he had ever signed the note: and specimeja:^; signatures were produced to support:^ his contention. '. •,"-. ;^6 vrijTl? was ;cohte]&a^ar>;tKat the signatuce?^: m -was written m "a napr^: l;---learned hand" than Jones could write!** &i Under cross-examination, hoW-'j;^,;: ever;' Jones was "not' the happiest f^u of witnesses and :>i his answers to .vss questions evoked from the bench; |i? the remark that: "You are not a very good witness, you know." ■}' ;..-^-sjj~ "Judgment for platntiff for the : fuU|^ amount claimed," said the magistrateßt; as soon as Jones left the box. f ; ;• $$1