GAMBLING OR SPECULATION.

Dominion, Volume 4, Issue 948, 15 October 1910, Page 5

GAMBLING OR SPECULATION.

remarks in court. ■ Speculation in: mining shares was . disoußsed in several aspects during the hearing,of a case in the Supremo-Court yesterday. : . ■ V^vy ■ ■ , .■'7 l i^ G;^ e gambling.: transactions," said Jlr. Justice Edwards, ."and you can always be dishonest' in " gambling ■ transactions." Mr. Skorrett, K.C.: Not after they are completed, as / this is. If it is . a ,;■ gambling, transaction; it is a completed one > the money is recoverable . under, English':: statute. 1 law. Money paid by an agent, in - pursuance of a gambling , transaction is recoverable . from, the principal. .. 'Mr. Justico-.Cooper': This is scarcely ■ ■ ' ■ a. gambling • transaction, because' a ;■■■•. gambling transaction -always / .assumes ,/that;oile party,must lose, whereas here :,. ; - : '-^\™e:snarebrokere->efo:'not;BtaKng^any.' . Jlr. Skerrcit: -It. was gambling only in the' sense of speculation. - f , The.-Chief i Justice- (Sir Robert-Stout), lookmg through the papers connected wth?the.. case,.; the ih:torvals •' between the purchase and Bale of Eeveral parcels of shares wero short. . Mr. Skorrett said they wero on the •; ' fame as a/great raany. dealings in.,' wheat and-; other things. "I'm ' added,' "that: it is impos- . Bible for thoso who ardently. desire to reform human nature .to entirely ; h : eradicate L_that .sort of . thing;'!,- .• The Chief Justice," referring to some vaspects- of ; the law : that had been : touched on m the argumonts'of counsel, i rcmarkea/'thart-he- had .-.had.(nothing to , do. vvitn mining shares since certain exißtmg lcgislatioh came .into force. .• Mr. Skorrett:.'.l can honestlv say that. I have .never had .any. satisfactory dealings in mining, shares. (Laughter,) . r.- The Chief Justice: I can't say that. ■ (Laughter J ...