Mr. H. P, Wilkinson appeared for the plaintiff and Mr. A. P. Stokes for the defendant.
Mr, Wilkinson, in opening the case for the plaintiff, having gone through the paragraphs of the petition and answer, said the action was against Mr. Greaves and arose out of aletter which he wrote to the plainff, dated 22nd May, 1892, in which he fered to buy the litter's shares in the Ella, The letter was as follow:
Dear Mx. Davie—As to taking over your shares. I am_prepared to do so on a basis of Me of Ts, 35,000 for the v/a. The position Suppose she is sold for la, 35,000 there a loss to 30th April last on her running of bout Tls. 15,000, which would leave Tis.
),000 to be divided amongst the owners, your share would be 9/100ths, say Tls 1,800, and this amount I can offer you for your shares; kindly let me know if you will accept. A sale must be effected shortly to settle Sharp's affairs, but I am prepared to take over the steamer on account of the estate at Tls. 35,000.
Yours very traly, (Signed) A. R. Greaves.
A. Davte, Esq.
The offer his Lordship would see was an unconditional one to buy the plaintiffs
Text read from the printed page and cleaned; old type leaves the occasional error.