Telegrams.

Pelorus Guardian and Miners' Advocate., Volume 1, Issue 50, 18 July 1890, Page 2

Telegrams.

An Important Judgment.

DUNEDIN, July 12. A judgment of importance to company promoters and shareholders was delivered by Mr Justice Williams to-day in Chambers, the case being a summons to remove the name of J. R. Clements from a list-of shareholders of the Northern Consolidated Company. The facts were that Mr Norman, the legal manager, was employed to float the shares, for which he was to receive £375 and ,pay all expenses himself. He 'inserted in the : Daily Times what purported to be a prospectus of the company. If a.person took shares on the faith of the material representations contained in this prospectus, and such representations turned out to be untrue, clearly, His Honour said, the person who was misled, had a right to rescind the contract. Norman was an agent of the company; and if he induced persons to take shares by representations which were in fact untrue, the company, could not take advantage of his misstatements and hold persons to their bargains. The prospectus issued in the Times stated explicitly that the sum of £2OOO capital to be called up was to be devoted solely to exploitation of the company's claims, and no one reading, it could for a moment conclude that £375 was to be paid to Norman. The payment was, in fact, promotion money, and the prospectus stated no promotion money was to be paid. The question then was whether anything had happened to Clements of his right to .rescind. Honour said it appeared that since Clements had known about the £375 he had paid two calls. Promptitude was especially necessary in mining ventures, where values are subject to sudden and great fluctuation. In the present case he thought Clement was too late.

A Mysterious Affaip. GISBORNE, July 14. At the present time little can be said of the circumstances' which give cause for suspicion against f ,William. Slack fo* wdwng Robert Strata^

The disappearance took place in March laat. The prisoner, streeter, and two' others, were engaged in a fencing, contract on Foster's Station, and their camp was in a rough bit,of country eight miles from the-homestead. There j«Lan ill-feeling between the two account of the' attention paid \hj- Black to Streeter's wife. One Sun 7 day, as two of the camp were leaving for Whatatotu for Sitreeter'and Black left the camp to go • shooting: •Black returned without Streeter; and in reply to questions • said had quarrelled, and-the latter had taken the huff, and cleared out. Since that time Black has been-several times to town, and has lived with-Mrs -Streeter as man and wife, wearing the dead man's clothes since the was reported. 'Strict,.enquiries have been made, but no trace was found oi Streeter,. and'it. is imosfc unlikely.he could come away from the place without calling; at; places ew route. Enquiries are being made by every police station in the Colony for Streeter, and to-morrow a search party scours the country in the, vicinity of;the canip, :ih ■ hopes of coming across the remains. Black, some time< ago,, .was charged

"with criminally assaulting an old Maori woman of 90, who, however, condoned the offence. Arrival of the Ruapehu. Two Lives Lost.

WELLINGTON, ,■■■:;, 15. ; The Euapehu from London, via way ports, arrived in the harbour at midnight and berthed this morning. She left London on May 29th, jTaneriffe June sth, Capetown 21st, and Hobart 10th. On the whole fine weather-was .experienced on the voyage, which occupied 43 days,. 12 hours, 4 rnin,;,,the actual steaming time being 41 days, 20 liours 19 "minutes. • Thermail.Blconsist of 197 bags, 2 packages, and 21 boxes of parcel post. She has 23. passengers for Wellington, and 41 for other ports. An unfortunate incident- occurred the day after the vessel left London. When off Hastings a fireman named Hagan jumped overboard, and in lowering a boat to go to the resjbue, a seaman named John Mackenzie, fell into -the water. All efforts were'made to rescue the men, but without success, and after cruising round the spot for an hour the steamer resumed her voyage-