An involved case over a claim for $27,002, with interest and certain other provisions, was deliberated al: day on July 8 before Judge P. Grant. Jones in H.M. Supreme Court when the Associated Investments, Ltd., Drought sult against Mr. Aaron Mbses, Mr. H. A. Reeks appeared on behalf of the' receiver of the company, which is now in liquidation, while Mr. Ranald MeDonald appeared on behalf of the' defendant, The statement of claim set out that the company was in liquidation by virtue of a resolution passed on August 29, 1995, at an extraordinary general meeting of shareholders to the effect that the company should be wound up by the court. A petition for the winding up of the company was duly filed on September 13, 1935, and on October 7% 1935, the court made a winding-up order appointing provisional liquidator, Of the 124 shares in the plaintiff company, it was stated, the defendant owned 72, and Mr. Jasoph Edwin Judah, managing director, had re~ istered in his name 48 shares which hho held in trust for the defendant, On February 14, 1994, the: plaintiffs and the defendant purported to enter Into a contract by which defendant sold to plaintiff 3,000 Belgian 1092 bonds, Tt was a term of the contract that until payment and delivery of the bonds plaintiffs should pay to Aefendant interest at the rate of seven per cent, per annum in quar {erly instalments on the sum of $198,000, Defendant was to deposit the bonds with the Hongkong and Shanghai Banking Corporation Nentsin} and should instruct the bank to deliver to the plaintifis each bond against payment at the rate of $70 per bond.
This sum was subsequently lowered to $03 per bond, A special account was later, opened by the plaintiff with the defendant, the latter receiving. the sum of $44,700 at various, dates in his capacliy as a trustee, At various dates between September, 1094, and September, 1095, plaintiff deposited sums of money with the defendant against the receipt of bonds, the sum of $27,002 finally being left over in the keeping of the defendant.
Text read from the printed page and cleaned; old type leaves the occasional error.