Court of Appeal
(By Telegraph.) Wellington, April 25. Argument for the plaintiff company was concluded this afternoon in the case of the General Exploration Company Ltd., v. Purser, and Sir R. Stout was addressing the court on behalf of defendant when the court rose for the day. The main defence put forward is that Pielsticker, as attorney for the plaintiff company, represented to the defendant that in the interest of the company and for flotation purposes it was necessary that properties purchased by the company should have large face values and appear to no purchased by the company for large sums, and defendant believed the large amounts refundedby him to Pielsticker and Dencker were re-transmitted to the company and that the company were aware that the amount retained by defendant exceeded the value of the properties purchased. Jt is alleged therefore that there was no fraud against the company.
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Bibliographic details
Southland Times, Issue 14330, 26 April 1899, Page 3
Word Count
149Court of Appeal Southland Times, Issue 14330, 26 April 1899, Page 3
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