MINERAL LEASES.

Stratford Evening Post, Volume XXXI, Issue 23, 12 September 1911, Page 5

MINERAL LEASES.

(Per Press Association) Westport, September 11. In the Warden’s Court! to-day, Mr Rawson, Warden, delivered judgment in the Mount Radiant mineral case, in which R. Johnson sought to recover from Ferguson and Gascoyne, of Napier, possession of the titles to certain mineral leases at Mount Radiant, and also £2500 damages for alleged illegal retention of same. The Warden (1) refused the prayer of the plaintiff in regard to the assignment and damages, (2) decreed that defendant should hold the leases on trust for the persons advancing money to pay creditors and all purchasers of shares prior to October 11, and for Johnson and Purdy; (3) that the agreement, of May 13, referring to the sale of one thousand shares to Ferguson, should be cancelled, and defendants deliver ed over tho six agreement forms referred to in the judgment, or in the alternative executive an indemnity to plaintiff against any claim that may arise in respect of any dealings with thorn on tire part of the defendants, arrd to account for the proceeds of tho sale of any of them, if any were sold. It was understood that if an appeal wore not prosecuted further tire terms and question oncosts would be settled after the hearing of the parties by the War,dcn.