SHIPPING CLAIMS.

Timaru Herald, Volume CXXIII, 19 March 1927, Page 9

SHIPPING CLAIMS.

LONDON COURT PROCEEDINGS.

By Cable—Press Association—Copyright. Australian and N.Z. Cable Associativa. LONDON, March 1?. Mr J. Caird gave evidence in- the Law Court in the actions against, the New Zealand Shipping and Federal Steam Navigation Companies Vn connection with the pool under which ships controlled by the .plaintiff and the defendants were engaged. Caird said Mr Hughes, the Federal .chairman, told him in 1911 that Boulders wanted to get out of the Australian trade and asked him to join in the purchase of their interests. Witness replied that he was agreeable and would take one-third.

Counsel asked: Was it ever suggested to you until Mr Hughes’s letter, in reply of vours, that Mr Hughes had not purchased Houlders’ Australian interests on joint account with you. Witness replied, “No.” During the cross-examination he-was asked: Do you realise you are making a grave charge against an old. friend? Witness answered: I cannot help it. (The actions referred to arose in connection with the affairs of the pool i under which ships controlled by plaintiff and defendants were engaged. Plaintiff asks tor a declaration that defendants were trustees for • him in one-third of the assets comprised in 1 the agreement of sale, dated April 15, 1912, by- HouJder Brothers, Ltd., to the New Zealand Shipping Company, of their interest in the Australian trade, and that th© defendants arc accountable to plaintiff for onethird of the profits realised from any sale of such assets.)