Read the full judgment text of DCCJ 001258/1970 on BabelCite. This District Court judgment was delivered on 22 May 1970.
1. This is an action to recover the sum of $3,500 paid for the purchase and allotment of shares in the defendant company. It is sought now to disclaim this as the true object of the payment but, having heard the only two witnesses called, namely, the plaintiff and one Mr. Lee, the Director concerned of the defendant company, I prefer the evidence of the plaintiff in this respect. It may well be that a proper account of other financial transactions between the parties yet remains to be settled, b