WAIRAKEI APPEAL.
POSITION OF JOIIXSON'S SHARES. (By Telegraph.—Press Association.) WELLINGTON, this day. Mr. H. T , . Richmond, continuing his argument for respondent in Cleave v. Wairekei, Ltd., contended that Mr. Johnson had never ceased to be a member of the company, as the directors had never taken any steps legally to determine his membership. The company was bound to treat Johnson as a member, and to issue 5000 other shares to persons to whom the directors had wrongly assigned Johnson's numbers. In reply to a question by Mr. Justice MacGregor as to whether if the company became prosperous the Official Assignee could now compel it to issue scrip to him for the 5000 shares originally belonging to Johnson, but taken over by Cleave and issued by the directors to the purchasers from or through him, Mr. Richmond contended that this could be done.
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Auckland Star, Volume LV, Issue 168, 17 July 1924, Page 5
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142WAIRAKEI APPEAL. Auckland Star, Volume LV, Issue 168, 17 July 1924, Page 5
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