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1. The material facts behind this application may be shortly set out in words that I have made use of before. The plaintiff was the registered shareholder of a considerable number of shared in the defendant bank. In May 1973 the certificates relating to those shares were presented to the bank together with completed share transfer forms. The presentation was not made on behalf of the plaintiff or with his knowledge. It was made on behalf of a person who had no title to the shares whatsoever. The