THE COURTS.

Stratford Evening Post, Volume XXXII, Issue 41, 13 February 1912, Page 6

THE COURTS.

(Per Press Association.)

Wellington, February 13

In a reserved judgment to-day Dr. McArthur, S.M., decided that the prelnium bond business was a lottery and lined the International Investment Co. .£SO on a charge that the company sold to Harold Petersen a premium bond issued by the Municipality of Paris , by which lie was given an interest in a scheme where money prizes wore gained by a mode of chance. The Magistrate said: “If goods are disposed of by lot or chance the person so acting is doing illegal business and cannot be excused by the fact that at the same time he is giving what may be considered good value for the money received.” Ho could not agree with Sir John Findlay, counsel for the defence, that the scheme was not a lottery if only some part of it determined by lot to whom he benefits went. The Magistrate did not consider it necessary to constitute a lottery that the substantial object be a lottery. The question of security for costs for appeal stands over for the present.