DISPUTE AMONG PARTNERS.

New Zealand Herald, Volume LIX, Issue 18244, 10 November 1922, Page 8

DISPUTE AMONG PARTNERS.

SALE OF MILL PROPERTY.^ SETTLEMENT OUT OF COUBfc [BI TKLEGRAPH.--PRESS ASSOCIATION.} . CHRISTCHURCH. Thuradsy. • At the Supreme Court, T. J. V. Stopforth, carrier, of Hokitika, proceeded against the Kanieri Sawmtlling Cqßj pany and D. P. Stuart, of Hokitika, »»» J. Chapman and G. H. Chapman, <* Ross, asking for an injunction restrain* ing the defendants from carrying w* sale of the company into effect. . The statement'of claim stated th * t , wl T plaintiff and defendants each quarter share in tho company, which va» incorporated with a capital of £2000. in parties had agreed to sell at auction, Stopforth stipulating a reserve »■ £28,000, but the partners, rejected «* proposal and sold to one-" Deighton, to* £15.100. The plaintiff alleged «*« Deiehton waa a "dummy" for the ~~L fendants, who were the reftl purchase*" and sold to themselves at » gross un«r> ! value. The defendants argued that the p«J : perty was sold at ite full value, a»« offered to sell it to the plaintiff & «** \- figure paid by Deighton. «■*,'■ ■ The Court adjourned to enable ""OP*** '•< i ties to confer, and it was reported had agreed to go iat« voluntary WJ* idatioau, /