23.
25
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Mr. Fitzroyi
A.
I think that the Instone Trading Company did no business at all, except acquire those shares? The Instone Trading Company did no business, its only asset were shares in the Instone Bank.
Cross-Fxamined By. Mr. Brever.
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A
23 23
His Lordships
A.
Mr
× કરતા ક
A.
A
Brewer &
The Instone Trading Company was formed only two and a half months before the closing of the Canton and Shekki branches of the Instone Bank?. That is s0.
would you not admit that it is possible that the closing of these branches of the Instone Banking
Corporation, may have materially affected the Instone Trading Company's decision to commence business?.
It is quite possible.
The Instone Trading Company was formed as an Import and Export trading company.
It was.
There is a certain amount of correspondence on the file showing there was the intention to do business.
Is that Company in liquidation?. No. My Lord.
The Company in fact never commenced any business whatever?
No, not as far as I know of.
Then these Instone Bank shares are intact?. Absolutely.
As far as the Instone Bank shares were of any value, the Company had that much assets?. Exactly.
At the time of this agreement of transfer was made the Instone Bank had suffered no loss. When was the agreement so made?.
I cannot remember the date but it was immediately before the publication of the Balance Sheet, about ten days before.
Barely a fortnight bầfore the Company declared a dividend?.
Yes.
His ordship: Did the Instone Trading Company collect that divid
A.
kr. Brewer i
His Lordships
end?.
I think it was credited to them.
In the purchase of these shares of the instone Bank, there was no mention whether any cash passer Mr. Ross' evidence shows that from the books it passed as a cash transaction, that Ars, Brewer re- paid the loan and that sum was used to purchase the shares of the Instone Trading Co.,
It passe through the books of the instone ank as a cash transaction.
(MR. RAVER CALLED UPON TO GIVE HIS EVIDENCE.)
Hr. Breweri
His Lordships
May I request that Mr. Leo Ping Chuen be cross examined, failing which request I consider myself prejudiced by that fact, combined with the separa tion of the counts, because kkaxxnx had the counts not been separated, I would have had the right to oross examine him.
There is no obligation on the Crow to call any of the witnesses appearing on the record, it is entirely at the discretion of the crow. But any witness who is not called is available to you.