At a meeting of directors, August 4, 1025, it was decided that Messrs. Gumine & Co's offer to take over Walt, C. 'Youngs' 0 shares at Is. 3,510 should he accepted and that the shares should be transfer-Ted by W.C. Youngs t> Cumine Ca, and that W.C, Youngs should be lid one month's salary of $170 "in settlement of all claims agains: the company,"
And, on August 6, 1925, the company,' Han Yung' & Ca, who were acting as agents for the defendant company, wrote to Magill, director of the defendant company:—
"Enclosed please find cheque for Tis. for the shares takes Youngs to sign that ho has no more Claims gainer his company."
Mr. Magill, the director, says that he paid the money over to Walter C. Youngs and that he did sign a receipt which was handed over with the other papers to the auditors, and the 39 shares were transferred to Cumine & Ca.
So far it appears from the evidcence that the plaintiff did possibly or even probably enter into an agreement with certain individuals, who were about to form a company.
Text read from the printed page and cleaned; old type leaves the occasional error.