APPEAL COURT.

Gisborne Times, Volume XXII, Issue 1717, 6 April 1906, Page 3

APPEAL COURT.

(Per Press Association.)

Wellington, last night. In the Appeal Court the ca3e of Cowlishew and another versus the Christchuroh Press Company was resumed. Plaintiffs ate deferred shareholders of the defendant oo

mpany, and olaim that the deferred shareholders are entitled to share the surplus profits in the hands of the company after satisfying the rights of preference shareholders, and whioh should have been paid deferred shareholders as dividends. The case, by consent, has been removed from the Supreme Court to the Appeal Court. After some argument, Mr Jussioe Cooper raised the point whether or not it was neoessiry that the preferential shareholders should not be joined as defendants. Mr Bell, for appellants, conceded it was. Mr Hosking, for defendants, opposed the proposition. The Court overruled the objection, aod made an order that the proceedings be discharged and remitted to the Supreme Court, with power to plaintiffs to amend and add parties as they may be advised, the Supreme Court to fix costs, if any, in the Supreme Court, by the amendment; the costs of all proceedings in this Court to be 40 guineas.