Cross-examined, witness was asked whether he was a shrewd business would not like to say" was the reply.
Come on, don't be shy," continued Mr, MeDonald "you are a shrewd Dusiness man, aren't you?" Witness, however, still refused to make this admission.
The idea of the formation of the company, witness stated, was his and. that of one other party. Having formed the company, he then ap-[proached Mr. Moses and asked him fo take shares in the concern.
Mr. MeDonald: At that time did you think that the company had Foseate prospects?—I thought 50.
"You persuaded Mr. Moses to invest this, money?—Yes.
"The idea of the agreement.was entirely his, witness "continued. He admitted that, by not paying interest to. defendant as set out in the contract between them, he had broken the agreement. "Defendant many times wrote to him requesting him to pay the Interest due. Witness denied that the "$42,000 in respect of the special account was paid to defendant against the delivery of bonds, and against various items owing to Gefendant. This sum was deposited with defendant to be used according to instructions to be given by witness. The items owing to defendant {in respect of interest, ete, could have been met with ease by the company before Belgium went off the gold standard, Dut afterwards the company Incurred a heavy loss.
Text read from the printed page and cleaned; old type leaves the occasional error.