HOOLEY'S COMPANIES

Otago Daily Times, Issue 12831, 27 November 1903, Page 7

HOOLEY'S COMPANIES

Press Association—By' Telegraph-Copyrisht . LONDON, November 25; (Received Nov. 26, at 8.54 a.m.) Before.the lung's Bench, Mr.? E. T. Hooley sued, a. ,cotton manufacturer named Booth to recover £2So'(> alleged to be duo upon some, shares in- the Sapphire Corundum-Company (western Australia). Booth forced the company into liquidation; alleging that they were unable to'obtaih a working capital from Hooley, who was acting for his wife, who was one of tho promoters. Booth denied the alleged liahilityj and counterclaimed for £200 paid on 5000 shares, alleging "misrepresentation. The Chief Justice commented on a statement by a witness named 1 Cawsfo'n to the effect that'Hooley had■'urged him to stay away from the trial, also on, Hooley's contradiction. The jury must, Lord Alverstoue added, decide.how far they could rely on Hooley's oath. ; A verdict was given for the defendant upon both the claim and counter-claim.

Before the King's Bench Charles Kelly and Eden George sued Cawstdn to recover upon a bill of exohange given at K. T. Hooley's instigation in connection with Kelly's scheme to ■ reconstruct the Sapphire Corundum Company. Mr Justice Lawrence declared that the transaction was fraudulent from beginning to end, and' that George tow it was so. Judgment was' gjven for the defendant, with costs.' '■ -