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1. This action arose as a result of the floatation of Mohan's Property and Investment Ltd. (hereinafter referred to as "M.P.I.L.") in all the four stock exchanges in Hong Kong on the 10th May 1973. Public listing of M.P.I.L.'s shares was preceded by the issue of its prospectus to the public on the 24th April 1973. All the plaintiffs' causes of action seem to have accrued by mid 1973. The writ in this action was issued on the 20th December 1978. The 1st plaintiff in this action faced criminal cha