Defining the position of the defendant company after a suggestion from the Judge, Mr. Reader Harris agreed they were now lessors, as they eased the property seventeen days before the first default In the interest payable to plaintiffs. 'The whole thing was a gross fraud, and the Shanghai Land and Finance Ca. signed the Tease to the defendants for the sum of $1. The default In interest was made' on October 3, and yet only few days before they had received a large sum. Defendants had brought fan action against the plaintiffs for the Fevocation of the order made by the District Court giving plaintifis the rents payable on the property. He wished to get an injunction to prevent defendants from collecting the rents, fs they were still disobeying an order of the Chinese Court. Tt was the Strongest case he had ever had to put before any Court.
On January 18, 1995, the Shanghai Land and Finance Ca. mortgaged the company to a Japanese gentleman. Mr. Okamoto, and sent out a notice to the tenants that they were to pay rent to him. During the proceedings In the Chinese Court, the company was known 98 the Shanghai Land and Finance Company, and two days after the mortgage was executed the com-was registered as a British company. Two notices were drawn up. to the effect that Mr. Okamoto had no Interest in the rent on the property, and that the rent was to be pald to plaintiffs. On June 4, 1996, a cer tificate was issued by the Chinese Court to say that plaintiffs were beneficial owners of the property, the case having already been to Nanking. The defendants, however, refused to allow plaintifis fo enter the property and collect rent, which amounted to about}
'$60,000 a year.
The motion was supported by a further aMdavit, and correspondence was also read out, Mr. Reader Harris stating that the Chinese Court clearly had stated the action taken by defendants against plaintiffs had given his clients the ownership of the land. He asked for an Interim injunction to be granted, restraining defendants from collecting any further rent.
Text read from the printed page and cleaned; old type leaves the occasional error.