The Archive · 1932

HIM, SUPREME COURT

Action Against Guarantors

Judgment for the plainti was} given in the H. a. Supreme Court by Mr. P. "Grant "Jones on Jan. 21 with "hearing of the action jof the China Finance Corporation against "Messrs. Compton and Vaughan for the recovery of a por tion of "$480, Mr. Paul Premet, counsel for the plaintiff, told "the court. that. defendants together with a Portuguese signed a promissory note for $480. As the note was in the Portuguese (Court, where action "against. the latter had been started, counsel requested that the case be adjourned for two weeks, when the note could be produced as evidence, he said, "sie. Grant Jones in declining the request "in order to save time and court expenses", asked the defend-fants if they owed. the company Imoney. Defendants said that they signed the note as guarantors. Mr. 9 Grant Jones ruled that they had to meet their obligations in the capjaeity of guarantors in case the original debtor failed to return the Jmoney. Judgment was then given fagaicst them and they were ordered make arrangements with the plaintiff company so that the money would be paid.

Text read from the printed page and cleaned; old type leaves the occasional error.

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