CLAIM FOR £BBO
PLAINTIFF ADJUDGED SHAREHOLDER Claims that the sum og £ 1,000 lent to Foote Brothers, Limited, now in liquidation, was an ordinary loan ranking him as a creditor, and denying that he had agreed to take shares in the company, Arthur Leslie Cannon claimed against the liquidator at the Supreme Court last week. Reserved judgment was delivered by Mr. Justice Kennedy this morning. His Honour said it had been proved that in March, 1925, plaintiff had been approached by the managing director to convert his loan into shares, as had also been suggested to other loan creditors. Some did not agree, but plaintiff was aware that shares had been allotted him. The liquidator had paid plaintiff £l*2o by mistake since the firm had gone into voluntary liquidation. Judgment would therefore be given for defendant company, plaintiff to return the £l2O counter-claimed for by the company, with costs to scale.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/SUNAK19290423.2.2.17
Bibliographic details
Sun (Auckland), Volume III, Issue 645, 23 April 1929, Page 1
Word Count
150CLAIM FOR £880 Sun (Auckland), Volume III, Issue 645, 23 April 1929, Page 1
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