PROMISSORY NOTE CASE
A BETTING TRANSACTION Cl-AIM FOR PAYMENT FAILS [.BY TELEGRAPH—FBESS ASSOCIATION] BLENHEIM. Friday A case of interest in racing circles waf concluded in the Magistrate's Court at Picton to-day. James Fuller sued Richard Peters for £l4, balance due on a dis« honoured promissory note for £SO. Defendant said that the, note represented the balance due on a large bet* ting transaction on the trotter Tenedos, which ran at Reef ton some time ago, the bet having been made with defendant by H. E. Fuller on behalf of plaintiff. Tho horse won. Defendant paid some hundreds in cash and the balance in promissory notes, of which all had been honoured except one in dispute on whicll £l4 was still owing. Plaintiff, in his evidence, said that he made the bet as agent for Edwards, a Christchurch trainer, and when defendant could not pay in full plaintiff paid Edwards out of his own pocket and accepted Peters 4 notes.
The magistrate upheld defendant's contention that the note was void under the Gaming Act, and further, that the transaction was illegal under the law regarding bookmakers. Judgment was given for defendant with* out costs.
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Bibliographic details
New Zealand Herald, Volume LXX, Issue 21426, 25 February 1933, Page 10
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193PROMISSORY NOTE CASE New Zealand Herald, Volume LXX, Issue 21426, 25 February 1933, Page 10
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