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\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12781277\charrsid3174451 of Rarotonga,}{\fs24\lang2057\langfe1033\langnp2057\insrsid2190088\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid12781277\charrsid3174451 Retired
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid2051420\charrsid3174451 Plaintiff}{\fs24\lang2057\langfe1033\langnp2057\insrsid12781277\charrsid3174451 
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\par }\pard \qc \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid12781277 {\fs24\lang2057\langfe1033\langnp2057\insrsid12781277\charrsid3174451 AND
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid12781277 {\fs24\lang2057\langfe1033\langnp2057\insrsid12781277\charrsid3174451 
\par }\pard \qc \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid12781277 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid8812911 BLUE PACIFIC LAUNDRY &
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid12781277\charrsid3174451 DRYCLEANERS (1984) LIMITED}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid8812911 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12781277\charrsid3174451 of Rarotonga
\par Defendant
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\par }\pard \qc \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid12781277 {\fs24\lang2057\langfe1033\langnp2057\insrsid12781277\charrsid3174451 AND
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\par }\pard \qc \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid12781277 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid3629828 THE ATTORNEY-}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid8812911 GENERAL
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid12781277\charrsid3174451 OF THE COOK ISLANDS
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid2051420\charrsid3174451 Third Party}{\fs24\lang2057\langfe1033\langnp2057\insrsid12781277\charrsid3174451 
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\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid14105532\charrsid3174451 Hearing: }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 1}{\fs24\lang2057\langfe1033\langnp2057\insrsid14105532\charrsid3174451 6}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 , {\*\xmlopen\xmlns1{\factoidname date}{\xmlattr\xmlattrns0{\xmlattrname Month}{\xmlattrvalue 8}}{\xmlattr\xmlattrns0{\xmlattrname Day}{\xmlattrvalue 18}}{\xmlattr\xmlattrns0
{\xmlattrname Year}{\xmlattrvalue 1993}}}18 August 1993{\*\xmlclose}, & Memoranda from Counsel
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\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Counsel: Mr A.M. Manarangi for Plaintiff}{\fs24\lang2057\langfe1033\langnp2057\insrsid14105532\charrsid3174451 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Mr J. Appleby for Defendant
\par Mr J. McFadzien for Third Party
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\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid12595616 {\fs24\lang2057\langfe1033\langnp2057\insrsid12595616\charrsid3174451 Judgment: 2}{\fs24\lang2057\langfe1033\langnp2057\insrsid14310777\charrsid3174451 4}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3629828 .11. 19}{\fs24\lang2057\langfe1033\langnp2057\insrsid12595616\charrsid3174451 93}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
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\par }\pard \qc \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid12595616 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid14358136\charrsid3174451 JUDGMENT OF ROPER J.}{
\b\fs24\lang2057\langfe1033\langnp2057\insrsid12595616\charrsid3174451 
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\par }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid8812911 Notes
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\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 (}{\fs24\lang2057\langfe1033\langnp2057\insrsid14881051\charrsid3174451 1) All references to "Mr}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14881051\charrsid3174451 Manarangi}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 " in this judgment are to counsel, not the Plaintiff}{
\fs24\lang2057\langfe1033\langnp2057\insrsid6571599\charrsid3174451 .}{\fs24\lang2057\langfe1033\langnp2057\insrsid14881051\charrsid3174451 
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\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9203303\charrsid3174451 (2) The Attor}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 ney-Gen}{\fs24\lang2057\langfe1033\langnp2057\insrsid9203303\charrsid3174451 
eral is variously described as "}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 third p}{\fs24\lang2057\langfe1033\langnp2057\insrsid4466188\charrsid3174451 arty" and "second defendant" in }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 the record. Nothing turns on it but if indeed he has been pro}{\fs24\lang2057\langfe1033\langnp2057\insrsid4466188\charrsid3174451 perly joined then I believe his }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 true status would have been that of "third party"}{\fs24\lang2057\langfe1033\langnp2057\insrsid4466188\charrsid3174451 .}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  However it se}{\fs24\lang2057\langfe1033\langnp2057\insrsid4466188\charrsid3174451 ems that the proper third party }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 should be the Cook Islands Government Property Corpora}{\fs24\lang2057\langfe1033\langnp2057\insrsid4466188\charrsid3174451 tion and I amend the intituling }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 accordingly.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid4466188\charrsid3174451 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 (3) The proceedings were brought by the Plaintiff in a repre}{\fs24\lang2057\langfe1033\langnp2057\insrsid4466188\charrsid3174451 sentative capacity on behalf of }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 what will be referred}{\fs24\lang2057\langfe1033\langnp2057\insrsid4466188\charrsid3174451  to }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
as the "local shareholders", being members of families who originally owned the laundry site land.
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\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid3938994 {\fs24\lang2057\langfe1033\langnp2057\insrsid10365747\charrsid3174451 I}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
n 1977 the Cook Isla}{\fs24\lang2057\langfe1033\langnp2057\insrsid10365747\charrsid3174451 nds Government entered i}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 nto an agreement with a Mr St}{
\fs24\lang2057\langfe1033\langnp2057\insrsid10365747\charrsid3174451 anley Cressey }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 and Mr David Towgood concerning the formation of a laundry and dry}{
\fs24\lang2057\langfe1033\langnp2057\insrsid10365747\charrsid3174451 -cleaning business in the {\*\xmlopen\xmlns1{\factoidname date}{\xmlattr\xmlattrns0{\xmlattrname Month}{\xmlattrvalue 12}}{\xmlattr\xmlattrns0{\xmlattrname Day}{\xmlattrvalue 1}}
{\xmlattr\xmlattrns0{\xmlattrname Year}{\xmlattrvalue 1988}}}Cook I}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 slands{\*\xmlclose}. Mr }{\fs24\lang2057\langfe1033\langnp2057\insrsid10365747\charrsid3174451 
Cressey was the owner of a dry-cl}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 eaning business in {\*\xmlopen\xmlns1{\factoidname date}{\xmlattr\xmlattrns0{\xmlattrname Month}{\xmlattrvalue 12}}{\xmlattr\xmlattrns0{\xmlattrname 
Day}{\xmlattrvalue 1}}{\xmlattr\xmlattrns0{\xmlattrname Year}{\xmlattrvalue 1988}}}New Zealand{\*\xmlclose} and had the expertise to }{\fs24\lang2057\langfe1033\langnp2057\insrsid10365747\charrsid3174451 co}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 nvert an existing run-down laundry on the {\*\xmlopen\xmlns1{\factoidname date}{\xmlattr\xmlattrns0{\xmlattrname Month}{\xmlattrvalue 12}}{\xmlattr\xmlattrns0{\xmlattrname Day}
{\xmlattrvalue 1}}{\xmlattr\xmlattrns0{\xmlattrname Year}{\xmlattrvalue 1988}}}Island{\*\xmlclose} into an economic propos}{\fs24\lang2057\langfe1033\langnp2057\insrsid2892403\charrsid3174451 ition. Mr Towgood was to be the}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  manager in {\*\xmlopen\xmlns1{\factoidname date}{\xmlattr\xmlattrns0{\xmlattrname Month}{\xmlattrvalue 12}}{\xmlattr\xmlattrns0{\xmlattrname Day}{\xmlattrvalue 1}}{\xmlattr\xmlattrns0
{\xmlattrname Year}{\xmlattrvalue 1988}}}Rarotonga{\*\xmlclose}. The agreement was that a company would be formed in which both Mr Cressey and Mr Towgood would each hold 10,000 "A" shares with}{
\fs24\lang2057\langfe1033\langnp2057\insrsid10365747\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 the Government, through the Cook Islands Government Property Cor}{
\fs24\lang2057\langfe1033\langnp2057\insrsid10365747\charrsid3174451 p}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 orati}{\fs24\lang2057\langfe1033\langnp2057\insrsid10365747\charrsid3174451 o}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 n holding 10,000 "}{\fs24\lang2057\langfe1033\langnp2057\insrsid10365747\charrsid3174451 B"}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  shares.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid10365747 {\fs24\lang2057\langfe1033\highlight7\langnp2057\insrsid10365747\charrsid3174451 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 A special provision of the company's Articles, which are dated {\*\xmlopen\xmlns1{\factoidname date}{\xmlattr\xmlattrns0{\xmlattrname Month}{\xmlattrvalue 12}}{\xmlattr\xmlattrns0
{\xmlattrname Day}{\xmlattrvalue 1}}{\xmlattr\xmlattrns0{\xmlattrname Year}{\xmlattrvalue 1988}}}the 8th July 1977{\*\xmlclose}, }{\fs24\lang2057\langfe1033\langnp2057\insrsid7684889\charrsid3174451 provided, inter alia, that the "B"}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  shares could be transferred at any time "to any Cook Islander ordinarily resident }{\fs24\lang2057\langfe1033\langnp2057\insrsid7684889\charrsid3174451 in the}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  {\*\xmlopen\xmlns1{\factoidname date}{\xmlattr\xmlattrns0{\xmlattrname Month}{\xmlattrvalue 12}}{\xmlattr\xmlattrns0{\xmlattrname Day}{\xmlattrvalue 1}}{\xmlattr\xmlattrns0
{\xmlattrname Year}{\xmlattrvalue 1988}}}Cook Islands{\*\xmlclose}".}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
There was no other restriction on the rights or disposal of "}{\fs24\lang2057\langfe1033\langnp2057\insrsid7684889\charrsid3174451 B}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
" shares. I understand that in 1980 Mr Towgood's shares were transferred to Mr Cressey. In 1984 Cabinet approved the transfer of the "}{\fs24\lang2057\langfe1033\langnp2057\insrsid1002507\charrsid3174451 B}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 " shares to the following local shareholders:
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\par }\trowd \irow0\irowband0\ts15\trgaph108\trleft612\trftsWidth1\trftsWidthB3\trftsWidthA3\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tbllkhdrrows\tbllklastrow\tbllkhdrcols\tbllklastcol\tblind720\tblindtype3 \clvertalt\clbrdrt\brdrtbl 
\clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth4608\clshdrawnil \cellx5220\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth900\clshdrawnil \cellx6120\clvertalt
\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth900\clshdrawnil \cellx7020\pard\plain \ql \li0\ri0\nowidctlpar\intbl\wrapdefault\faauto\adjustright\rin0\lin0\pararsid1002507\yts15 
\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\fs24\lang2057\langfe1033\langnp2057\insrsid9576481\charrsid3174451 The Plaintiff & Kathleen Manarangi (jointly)}{\fs24\lang2057\langfe1033\langnp2057\insrsid8812911 \cell }\pard 
\qr \li0\ri0\nowidctlpar\intbl\wrapdefault\faauto\adjustright\rin0\lin0\pararsid9576481\yts15 {\fs24\lang2057\langfe1033\langnp2057\insrsid9576481\charrsid3174451 3,333}{\fs24\lang2057\langfe1033\langnp2057\insrsid8812911 \cell }\pard 
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\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth900\clshdrawnil \cellx7020\row }\pard\plain \ql \li0\ri0\nowidctlpar\intbl\wrapdefault\faauto\adjustright\rin0\lin0\pararsid1002507\yts15 
\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\fs24\lang2057\langfe1033\langnp2057\insrsid9576481\charrsid3174451 Maria Henry}{\fs24\lang2057\langfe1033\langnp2057\insrsid8812911 \cell }\pard 
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\ql \li0\ri0\nowidctlpar\intbl\wrapdefault\faauto\adjustright\rin0\lin0\pararsid1002507\yts15 {\fs24\lang2057\langfe1033\langnp2057\insrsid8812911 \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 
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\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth4608\clshdrawnil \cellx5220\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth900\clshdrawnil \cellx6120\clvertalt\clbrdrt\brdrtbl \clbrdrl
\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth900\clshdrawnil \cellx7020\row }\pard\plain \ql \li0\ri0\nowidctlpar\intbl\wrapdefault\faauto\adjustright\rin0\lin0\pararsid1002507\yts15 
\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\fs24\lang2057\langfe1033\langnp2057\insrsid9576481\charrsid3174451 Louise Browne}{\fs24\lang2057\langfe1033\langnp2057\insrsid8812911 \cell }\pard 
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\ql \li0\ri0\nowidctlpar\intbl\wrapdefault\faauto\adjustright\rin0\lin0\pararsid1002507\yts15 {\fs24\lang2057\langfe1033\langnp2057\insrsid8812911 \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 
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\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth4608\clshdrawnil \cellx5220\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth900\clshdrawnil \cellx6120\clvertalt\clbrdrt\brdrtbl \clbrdrl
\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth900\clshdrawnil \cellx7020\row }\pard\plain \ql \li0\ri0\nowidctlpar\intbl\wrapdefault\faauto\adjustright\rin0\lin0\pararsid1002507\yts15 
\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\fs24\lang2057\langfe1033\langnp2057\insrsid9576481\charrsid3174451 Manarangi Nicholas}{\fs24\lang2057\langfe1033\langnp2057\insrsid8812911 \cell }\pard 
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\ql \li0\ri0\nowidctlpar\intbl\wrapdefault\faauto\adjustright\rin0\lin0\pararsid1002507\yts15 {\fs24\lang2057\langfe1033\langnp2057\insrsid8812911 \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 
\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\fs24\lang2057\langfe1033\langnp2057\insrsid8812911 \trowd \irow3\irowband3
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\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth4608\clshdrawnil \cellx5220\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth900\clshdrawnil \cellx6120\clvertalt\clbrdrt\brdrtbl \clbrdrl
\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth900\clshdrawnil \cellx7020\row }\pard\plain \ql \li0\ri0\nowidctlpar\intbl\wrapdefault\faauto\adjustright\rin0\lin0\pararsid1002507\yts15 
\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\fs24\lang2057\langfe1033\langnp2057\insrsid9576481\charrsid3174451 Jim Nicholas}{\fs24\lang2057\langfe1033\langnp2057\insrsid8812911 \cell }\pard 
\qr \li0\ri0\nowidctlpar\intbl\wrapdefault\faauto\adjustright\rin0\lin0\pararsid9576481\yts15 {\fs24\lang2057\langfe1033\langnp2057\insrsid9576481\charrsid3174451 667}{\fs24\lang2057\langfe1033\langnp2057\insrsid8812911 \cell }\pard 
\ql \li0\ri0\nowidctlpar\intbl\wrapdefault\faauto\adjustright\rin0\lin0\pararsid1002507\yts15 {\fs24\lang2057\langfe1033\langnp2057\insrsid8812911 \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 
\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\fs24\lang2057\langfe1033\langnp2057\insrsid8812911 \trowd \irow4\irowband4
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\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth900\clshdrawnil \cellx7020\row }\pard\plain \ql \li0\ri0\nowidctlpar\intbl\wrapdefault\faauto\adjustright\rin0\lin0\pararsid1002507\yts15 
\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\fs24\lang2057\langfe1033\langnp2057\insrsid9576481\charrsid3174451 Tere Mataroa}{\fs24\lang2057\langfe1033\langnp2057\insrsid8812911 \cell }\pard 
\qr \li0\ri0\nowidctlpar\intbl\wrapdefault\faauto\adjustright\rin0\lin0\pararsid9576481\yts15 {\fs24\lang2057\langfe1033\langnp2057\insrsid9576481\charrsid3174451 667}{\fs24\lang2057\langfe1033\langnp2057\insrsid8812911 \cell }\pard 
\ql \li0\ri0\nowidctlpar\intbl\wrapdefault\faauto\adjustright\rin0\lin0\pararsid1002507\yts15 {\fs24\lang2057\langfe1033\langnp2057\insrsid8812911 \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 
\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\fs24\lang2057\langfe1033\langnp2057\insrsid8812911 \trowd \irow5\irowband5
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\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth900\clshdrawnil \cellx7020\row }\pard\plain \ql \li0\ri0\nowidctlpar\intbl\wrapdefault\faauto\adjustright\rin0\lin0\pararsid1002507\yts15 
\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\fs24\lang2057\langfe1033\langnp2057\insrsid9576481\charrsid3174451 Nga Enoka\cell }\pard \qr \li0\ri0\nowidctlpar\intbl\wrapdefault\faauto\adjustright\rin0\lin0\pararsid9576481\yts15 {
\fs24\lang2057\langfe1033\langnp2057\insrsid9576481\charrsid3174451 1,666\cell }\pard \ql \li0\ri0\nowidctlpar\intbl\wrapdefault\faauto\adjustright\rin0\lin0\pararsid1002507\yts15 {\fs24\lang2057\langfe1033\langnp2057\insrsid9576481 \cell }\pard\plain 
\ql \li0\ri0\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\fs24\lang2057\langfe1033\langnp2057\insrsid9576481 \trowd \irow6\irowband6
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\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth900\clshdrawnil \cellx7020\row }\trowd \irow7\irowband7
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\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\fs24\lang2057\langfe1033\langnp2057\insrsid9576481\charrsid3174451 Rei Jack\cell }\pard \qr \li0\ri0\nowidctlpar\intbl\wrapdefault\faauto\adjustright\rin0\lin0\pararsid9576481\yts15 {
\fs24\lang2057\langfe1033\langnp2057\insrsid9576481\charrsid3174451 1,666\cell }\pard \ql \li0\ri0\nowidctlpar\intbl\wrapdefault\faauto\adjustright\rin0\lin0\pararsid1002507\yts15 {\fs24\lang2057\langfe1033\langnp2057\insrsid9576481 \cell }\pard\plain 
\ql \li0\ri0\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\fs24\lang2057\langfe1033\langnp2057\insrsid9576481 \trowd \irow7\irowband7
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\clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth900\clshdrawnil \cellx7020\row }\trowd \irow8\irowband8\lastrow 
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\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\fs24\lang2057\langfe1033\langnp2057\insrsid9576481\charrsid3174451 \cell }\pard \qr \li0\ri0\nowidctlpar\intbl\wrapdefault\faauto\adjustright\rin0\lin0\pararsid9576481\yts15 {
\fs24\lang2057\langfe1033\langnp2057\insrsid9576481\charrsid3174451 10,000\cell }\pard \ql \li0\ri0\nowidctlpar\intbl\wrapdefault\faauto\adjustright\rin0\lin0\pararsid1002507\yts15 {\fs24\lang2057\langfe1033\langnp2057\insrsid9576481 \cell }\pard\plain 
\ql \li0\ri0\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\fs24\lang2057\langfe1033\langnp2057\insrsid9576481 \trowd \irow8\irowband8\lastrow 
\ts15\trgaph108\trleft612\trftsWidth1\trftsWidthB3\trftsWidthA3\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tbllkhdrrows\tbllklastrow\tbllkhdrcols\tbllklastcol\tblind720\tblindtype3 \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb
\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth4608\clshdrawnil \cellx5220\clvertalt\clbrdrt\brdrs\brdrw10 \clbrdrl\brdrtbl \clbrdrb\brdrs\brdrw10 \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth900\clshdrawnil \cellx6120\clvertalt\clbrdrt
\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth900\clshdrawnil \cellx7020\row }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid3938994 {
\fs24\lang2057\langfe1033\langnp2057\insrsid2763543\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid10685801 {\fs24\lang2057\langfe1033\langnp2057\insrsid10685801\charrsid3174451 In February 1985}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
 a Mr J.K. }{\fs24\lang2057\langfe1033\langnp2057\insrsid1079951\charrsid3174451 W}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 hittle of {\*\xmlopen\xmlns1{\factoidname date}{\xmlattr\xmlattrns0{\xmlattrname Month}{\xmlattrvalue 
12}}{\xmlattr\xmlattrns0{\xmlattrname Day}{\xmlattrvalue 1}}{\xmlattr\xmlattrns0{\xmlattrname Year}{\xmlattrvalue 1988}}}Rarotonga{\*\xmlclose} acquire}{\fs24\lang2057\langfe1033\langnp2057\insrsid10685801\charrsid3174451 d the 20,000 Cressey shares and }
{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 about}{\fs24\lang2057\langfe1033\langnp2057\insrsid10685801\charrsid3174451  a }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 year later transferred 10,00}{
\fs24\lang2057\langfe1033\langnp2057\insrsid10685801\charrsid3174451 0}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  of them to Mr Towgood.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid10685801\charrsid3174451 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 At a director's meeting of the 26th Februa}{\fs24\lang2057\langfe1033\langnp2057\insrsid10685801\charrsid3174451 ry 198}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 5 it was resolved that Messrs Whittle, Towgood and Manarangi be directors of the laundry company, with Mr Manarang}{\fs24\lang2057\langfe1033\langnp2057\insrsid10685801\charrsid3174451 i
}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  being appointed secretary; and it was at that time that the name of the company was changed by adding the year }{\fs24\lang2057\langfe1033\langnp2057\insrsid10685801\charrsid3174451 
"1984".}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid10685801\charrsid3174451 I}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 t}{
\fs24\lang2057\langfe1033\langnp2057\insrsid10685801\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 was also resolved that all three directors were to be signatories to the company's bank acco
unt with at least two signing at the same time.}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 The above resolutions were confirme}{
\fs24\lang2057\langfe1033\langnp2057\insrsid10685801\charrsid3174451 d by special resolution on the 6}{\fs24\lang2057\langfe1033\langnp2057\insrsid4656495 th March 1985}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 .
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid10685801\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid3938994 {\fs24\lang2057\langfe1033\langnp2057\insrsid10685801\charrsid3174451 In September 1986}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
 Mr Whittle left {\*\xmlopen\xmlns1{\factoidname date}{\xmlattr\xmlattrns0{\xmlattrname Month}{\xmlattrvalue 12}}{\xmlattr\xmlattrns0{\xmlattrname Day}{\xmlattrvalue 1}}{\xmlattr\xmlattrns0{\xmlattrname Year}{\xmlattrvalue 1988}}}Rarotonga{\*\xmlclose}
 to live in {\*\xmlopen\xmlns1{\factoidname date}{\xmlattr\xmlattrns0{\xmlattrname Month}{\xmlattrvalue 12}}{\xmlattr\xmlattrns0{\xmlattrname Day}{\xmlattrvalue 1}}{\xmlattr\xmlattrns0{\xmlattrname Year}{\xmlattrvalue 1988}}}England{\*\xmlclose}
 and it appears that for some time after that Mr Towgood and Mr Manarangi operated the company's bank account. At some}{\fs24\lang2057\langfe1033\langnp2057\insrsid10685801\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 stage Mr Towgood began operating the bank account alone and at a directo}{\fs24\lang2057\langfe1033\langnp2057\insrsid15294060\charrsid3174451 rs' meeting of the 23rd October}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  1987, of which Mr Manarangi was not given notice, and with Mr Whittle participating by }{\fs24\lang2057\langfe1033\langnp2057\insrsid10685801\charrsid3174451 
international phone call, it was}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  r}{\fs24\lang2057\langfe1033\langnp2057\insrsid10685801\charrsid3174451 eso}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 lv}{
\fs24\lang2057\langfe1033\langnp2057\insrsid10685801\charrsid3174451 e}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
d that the company's bank account could be operated on the sole signature of Mr Whittle or Mr Towgood. At that meeting Mr J. Nicholas, one of the local shareholders, was appointed secretary, it being n}{
\fs24\lang2057\langfe1033\langnp2057\insrsid10685801\charrsid3174451 oted that Mr Manarangi had been}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  "fired because he is }{
\fs24\lang2057\langfe1033\langnp2057\insrsid10685801\charrsid3174451 i}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 llegal"}{\fs24\lang2057\langfe1033\langnp2057\insrsid10685801\charrsid3174451 .}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
The reasons behind that decision, which apparently extended to Mr Manarangi's appointment as a director, will be considered later. Thereafter Mr Towgood took complete control of the company.}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Reques}{\fs24\lang2057\langfe1033\langnp2057\insrsid6750915\charrsid3174451 ts to Mr Towgood by Mr Manarangi}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  for information about the accounts were refused.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid6750915 {\fs24\lang2057\langfe1033\langnp2057\insrsid6750915\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid4606192 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 On {\*\xmlopen\xmlns1{\factoidname date}{\xmlattr\xmlattrns0{\xmlattrname Month}
{\xmlattrvalue 12}}{\xmlattr\xmlattrns0{\xmlattrname Day}{\xmlattrvalue 1}}{\xmlattr\xmlattrns0{\xmlattrname Year}{\xmlattrvalue 1988}}}the 4th December 1987}{\fs24\lang2057\langfe1033\langnp2057\insrsid4606192\charrsid3174451 {\*\xmlclose}
 the Plaintiff issued}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  the following proceedings against the company at which t}{\fs24\lang2057\langfe1033\langnp2057\insrsid4606192\charrsid3174451 ime Mr}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid4606192\charrsid3174451 Br}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 eed}{
\fs24\lang2057\langfe1033\langnp2057\insrsid4606192\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 w}{\fs24\lang2057\langfe1033\langnp2057\insrsid4606192\charrsid3174451 a}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 s counsel for the Plaintiff:}{\fs24\lang2057\langfe1033\langnp2057\insrsid4606192\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid16213196 {\fs24\lang2057\langfe1033\langnp2057\insrsid16213196\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid9576481 1.}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 An action seeking orders for specific performance requiring}{\fs24\lang2057\langfe1033\langnp2057\insrsid16213196\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 the company to comply with its Articles and the directors}{\fs24\lang2057\langfe1033\langnp2057\insrsid16213196\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 confirming resolution of {\*\xmlopen\xmlns1{\factoidname date}{\xmlattr\xmlattrns0{\xmlattrname Month}{\xmlattrvalue 12}}{\xmlattr\xmlattrns0{\xmlattrname Day}{\xmlattrvalue 1}}
{\xmlattr\xmlattrns0{\xmlattrname Year}{\xmlattrvalue 1988}}}the }{\fs24\lang2057\langfe1033\langnp2057\insrsid16213196\charrsid3174451 6}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 th March 1985{\*\xmlclose} concerning}{
\fs24\lang2057\langfe1033\langnp2057\insrsid16213196\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 payments to and withdrawals from i}{\fs24\lang2057\langfe1033\langnp2057\insrsid16213196\charrsid3174451 
ts bank account;}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  and generally manage its affairs in }{\fs24\lang2057\langfe1033\langnp2057\insrsid16213196\charrsid3174451 a}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 ccordance with its}{\fs24\lang2057\langfe1033\langnp2057\insrsid16213196\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Articles.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid16213196 {\fs24\lang2057\langfe1033\langnp2057\insrsid16213196\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid9576481 2.}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 An application for an interim injunction restraining the company from acting contrary to its Articles until the substantive proceedings had been heard and determined.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid286240 {\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid9576481 3}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 .}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 An application pursuant to s.}{\fs24\lang2057\langfe1033\langnp2057\insrsid413420  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 168 o}{\fs24\lang2057\langfe1033\langnp2057\insrsid9794610\charrsid3174451 f the Companies Act 1955 of New}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
 Zealand, as applied in the Cook Islands, for the appointment of an inspector to investigate the affairs of the company.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid286240 {\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Th}{\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451 e}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
 applications were supported by an affidavit from Mr Manarangi in his capacity as a director of the company. He}{\fs24\lang2057\langfe1033\langnp2057\insrsid8211962\charrsid3174451  made the following main points:}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid9576481 1.}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 That the bank account was not being operated in accordance with the directors' resolution in that Mr Towgood was operating as sole signatory.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid286240 {\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid9576481 2.}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  That }{
\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451 $108,468-00}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  received b}{\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451 y}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  the company from the Cook Islands Insurance Company between March and July 1987 for cyclone damage had not been paid into the company's account.}{
\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid6038153 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid9576481 3.}{\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 That cement to}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9774446 a value of $6}{
\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451 30 had been }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 paid for by the}{\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451  company }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 but}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 used in}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451 the }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 construction of a company}{
\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 employee's house.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\highlight7\langnp2057\insrsid286240\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid286240 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 The }{\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451 
application to appoint an inspec}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 tor was heard }{\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451 on {\*\xmlopen\xmlns1{\factoidname date}{\xmlattr\xmlattrns0
{\xmlattrname Month}{\xmlattrvalue 12}}{\xmlattr\xmlattrns0{\xmlattrname Day}{\xmlattrvalue 1}}{\xmlattr\xmlattrns0{\xmlattrname Year}{\xmlattrvalue 1988}}}the 5}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 th December 1987
{\*\xmlclose}. There is a dispute as to whether Mr Towgood consented t}{\fs24\lang2057\langfe1033\langnp2057\insrsid9774446 o an order being made but in any}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
 event an order was made by Dillon J. and there has been no appeal against it.}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
Mr Towgood certainly signed this resolution on the}{\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451  5}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
th December, although he now claims that that was not intended as a consent}{\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451  to an order pursuant to s}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 .}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9774446  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 168.}{\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451 
\par }{\fs24\lang2057\langfe1033\highlight7\langnp2057\insrsid286240\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451 "1. }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
That Mr Carr be and is hereby appointed a signatory to the Company's bank account with the Eu}{\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451 ropean Pacific Banking Company Limited.}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid286240 {\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451 2. That there be no withd}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 rawal }{\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451 or expenditure from the Company's account without the }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 approval or signature of Mr M. Carr.
\par }\pard \ql \fi-720\li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid3938994 {\fs24\lang2057\langfe1033\langnp2057\insrsid286240\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
3. That all receipts of the Company be deposited into the Company's account with European Pacific Banking Company Limited.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid14615138 {\fs24\lang2057\langfe1033\langnp2057\insrsid14615138\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid14615138\charrsid3174451 4.}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 That all moneys of and belonging to }{\fs24\lang2057\langfe1033\langnp2057\insrsid14615138\charrsid3174451 B}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
lue Pacif}{\fs24\lang2057\langfe1033\langnp2057\insrsid14615138\charrsid3174451 ic Laundry & Drycleaners (1984) }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Limited w}{
\fs24\lang2057\langfe1033\langnp2057\insrsid14615138\charrsid3174451 here-ever held be uplifted and }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 deposit}{\fs24\lang2057\langfe1033\langnp2057\insrsid14615138\charrsid3174451 e}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9794610\charrsid3174451 d with the Blue}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
 Pacific Laundry & Drycleaners (1984) Limited account with the European Pacific Banking Company Limited forthwith."
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid3938994 {\fs24\lang2057\langfe1033\langnp2057\insrsid14615138\charrsid3174451 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 The order made by Dillon J. was in these terms:}{\fs24\lang2057\langfe1033\langnp2057\insrsid14615138\charrsid3174451 -}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid14615138 {\fs24\lang2057\langfe1033\langnp2057\insrsid14615138\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid14615138 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456 "}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456 THAT}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456  by consent of}{\fs24\lang2057\langfe1033\langnp2057\insrsid14615138\charrsid12986456  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456 
the Plaintiff and the Defendant, Mr Michael Carr be and is hereby appointed pursuant to section 1}{\fs24\lang2057\langfe1033\langnp2057\insrsid14615138\charrsid12986456 6}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456 
8 of the Companies Act 1955 of New Zealand (as applied in the Cook Islands) as Inspector to investigate the defendant, and the defendant's interests and funds in the company known as New Era Enterprises Limited
 and to file in this Court and serve on the Plaintiff and the}{\fs24\lang2057\langfe1033\langnp2057\insrsid14615138\charrsid12986456  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456 Defendant}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid12986456  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456 on}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid12986456  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456 or}{\fs24\lang2057\langfe1033\langnp2057\insrsid14615138\charrsid12986456  b}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456 efore}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid12986456  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456 the 21}{\fs24\lang2057\langfe1033\langnp2057\insrsid9833176\charrsid12986456 s}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456 t day}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid12986456  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14615138\charrsid12986456 of }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456 December }{\fs24\lang2057\langfe1033\langnp2057\insrsid14615138\charrsid12986456 1987 an }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456 interim report}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid12986456  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14615138\charrsid12986456 relating to such investigation."}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid3938994 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456 Costs were reserved.}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13572469\charrsid12986456 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid14615138 {\fs24\lang2057\langfe1033\langnp2057\insrsid13572469\charrsid12986456 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456 The Mr Carr referred to in the order was the ac}{\fs24\lang2057\langfe1033\langnp2057\insrsid13572469\charrsid12986456 counting }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456 manager of Pe}{\fs24\lang2057\langfe1033\langnp2057\insrsid13572469\charrsid12986456 at Marwick in }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456 
{\*\xmlopen\xmlns1{\factoidname date}{\xmlattr\xmlattrns0{\xmlattrname Month}{\xmlattrvalue 12}}{\xmlattr\xmlattrns0{\xmlattrname Day}{\xmlattrvalue 1}}{\xmlattr\xmlattrns0{\xmlattrname Year}{\xmlattrvalue 1988}}}Rarotonga{\*\xmlclose}.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid880466 {\fs24\lang2057\langfe1033\langnp2057\insrsid880466\charrsid12986456 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456 In his final report of {\*\xmlopen\xmlns1{\factoidname date}{\xmlattr\xmlattrns0{\xmlattrname Month}{\xmlattrvalue 12}}{\xmlattr\xmlattrns0{\xmlattrname Day}{\xmlattrvalue 1}}
{\xmlattr\xmlattrns0{\xmlattrname Year}{\xmlattrvalue 1988}}}the 7th June 1988}{\fs24\lang2057\langfe1033\langnp2057\insrsid880466\charrsid12986456 {\*\xmlclose} Mr }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456 
Carr made these main points:
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid880466\charrsid12986456 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid12986456 1)}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid12986456  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid880466\charrsid12986456 That}{\fs24\lang2057\langfe1033\langnp2057\insrsid880466\charrsid3174451  the antipathy that }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
had developed between Mr Manarangi and Mr Towgood had been unhelpful in resolving the problems that existed and}{\fs24\lang2057\langfe1033\langnp2057\insrsid880466\charrsid3174451  resulted "}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 in some unusual management procedures". Mr Manarangi denies antipathy but it is very}{\fs24\lang2057\langfe1033\langnp2057\insrsid880466\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 clear from the}{\fs24\lang2057\langfe1033\langnp2057\insrsid880466\charrsid3174451  record that personal }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
problems made}{\fs24\lang2057\langfe1033\langnp2057\insrsid880466\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 reasonable discussion difficult.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 2) He noted that the arrangement was that the Government}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Corporation was to pay $1.}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451 5}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 0 per share and that indeed this}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
had been paid.}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 (}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451 I}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  note that}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451  there }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 is a receipt from the}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9068213\charrsid3174451 c}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451 ompany for the plaintiff'}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 s payment of $1.}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451 50}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  for his }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid11599917 3333}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid11599917  shares dated the 14th March 1985.) He r}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid11599917 ecommended an}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid11599917  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid11599917 
updating of the company's register of members.}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 3) He reached one conclusion which is obvio}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451 u}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 s on the}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 informati}{\fs24\lang2057\langfe1033\langnp2057\insrsid9068213\charrsid3174451 o}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
n available to me and which I regard as the cause}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 of most of the problems in this case.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 From the outset }{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451 
Mr Cressey took the view that i}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 t was his}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
com}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451 pany and his alone and that the "}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 B}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451 "}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  shares were non-voting and non-controlling with the result that the}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451  Government C}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 orporation and later the local shareholders had}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451  n}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 o rights whatever. He concluded, and I agree, that Mr Towgood wrongly shared this view. There was never any}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 restrictio}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451 n on "B" }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
shares other than in the operation}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 of a}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451 
 standard }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 pre-}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451 empt}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 ive clause.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451 4}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 )}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 That when Mr Towgood was told by the company's bank }{
\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451 t}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 hat it would not honour c}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451 
heques bearing his sole signature }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 he banked money and paid accounts from an account held by}{\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451  an }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 associated company New Era Enterprises.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid3485097\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 It was certainly not a wise course but Mr Carr conclud}{
\fs24\lang2057\langfe1033\langnp2057\insrsid2187610\charrsid3174451 ed that the defendant company's }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 fin}{\fs24\lang2057\langfe1033\langnp2057\insrsid2187610\charrsid3174451 ancial }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 position could still}{\fs24\lang2057\langfe1033\langnp2057\insrsid2187610\charrsid3174451  b}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
e established despite the irregularity.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid2187610\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 5)}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 As for the insurance recoveries, these too were paid into the New Era account and}{\fs24\lang2057\langfe1033\langnp2057\insrsid7163601\charrsid3174451  d}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 ispersed from there with a balance of $41,}{\fs24\lang2057\langfe1033\langnp2057\insrsid7163601\charrsid3174451 83}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
2 being advanced by way of loan to New Era. Mr Towgood was originally a shareholder in New Era but later became secretary only with his de facto wife remaining as a shareholder. Mr Carr saw little prospect of there being any distributable p}{
\fs24\lang2057\langfe1033\langnp2057\insrsid7163601\charrsid3174451 rofit from New Era for a number }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 of years.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid7163601\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid7163601\charrsid3174451 6)}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
 He dealt with the cement purchase and he found the circums}{\fs24\lang2057\langfe1033\langnp2057\insrsid7163601\charrsid3174451 tances were such that I find it }{\fs24\lang2057\langfe1033\langnp2057\insrsid797317\charrsid3174451 unnecessa
ry to consider it.}{\fs24\lang2057\langfe1033\langnp2057\insrsid7163601\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid7163601 {\fs24\lang2057\langfe1033\langnp2057\insrsid7163601\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 7)}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Mr Carr was critical that since February 1985 the company had not:
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid7163601 {\fs24\lang2057\langfe1033\langnp2057\insrsid797317\charrsid3174451 
\par }\pard \ql \li1440\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin1440\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid797317\charrsid3174451 "}{\fs24\lang2057\langfe1033\langnp2057\insrsid9576481 1}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 .}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
Passed shareholders' resolutions in the minute book nor held annual meetings to approve Annual Accounts and decide on non-appointment of an auditor.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid797317\charrsid3174451 
\par }\pard \ql \li1440\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin1440\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 2. Pas}{\fs24\lang2057\langfe1033\langnp2057\insrsid11295261\charrsid3174451 s}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 ed resolutions in the Directors' minute book, approving the accounts for submission to the shareholders.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid11295261\charrsid3174451 
\par }\pard \ql \li1440\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin1440\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 3. Ensured that accounts have been prepared promptly}{
\fs24\lang2057\langfe1033\langnp2057\insrsid11295261\charrsid3174451  by the Company's Accountant in {\*\xmlopen\xmlns1{\factoidname date}{\xmlattr\xmlattrns0{\xmlattrname Month}{\xmlattrvalue 12}}{\xmlattr\xmlattrns0{\xmlattrname Day}{\xmlattrvalue 1}}
{\xmlattr\xmlattrns0{\xmlattrname Year}{\xmlattrvalue 1988}}}New }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Zealand{\*\xmlclose}.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid11295261\charrsid3174451 
\par }\pard \ql \li1440\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin1440\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 4. Kept up-to-date, filing of }{
\fs24\lang2057\langfe1033\langnp2057\insrsid12977540\charrsid3174451 Annual Returns and Tax Returns."}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 and concluded that Mr Manarangi}{
\fs24\lang2057\langfe1033\langnp2057\insrsid8873296\charrsid3174451 's concerns were well founded, a }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 conclusion with which I entirely agree.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid3938994 {\fs24\lang2057\langfe1033\langnp2057\insrsid8873296\charrsid3174451 
\par }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid8873296\charrsid9576481 The }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid7956254\charrsid9576481 Issue}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid7035363\charrsid9576481 s}{
\fs24\ul\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid9576481 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid1442479\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid1442479 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Counsel for the Defendant presented a number of issues}{
\fs24\lang2057\langfe1033\langnp2057\insrsid1442479\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 for determination (not all of which Mr Manarangi agreed with)}{
\fs24\lang2057\langfe1033\langnp2057\insrsid1442479\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 which he claimed req}{\fs24\lang2057\langfe1033\langnp2057\insrsid1442479\charrsid3174451 
uired resolution at this stage.
\par 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 The first was:
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid3938994 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\ul\lang2057\langfe1033\langnp2057\insrsid1442479\charrsid9576481 
Whether the Plaintiff is a member of/shareholder of the Defendant and whether he has locus standi}{\fs24\lang2057\langfe1033\langnp2057\insrsid1442479\charrsid9576481 .}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid9576481 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid9535182 {\fs24\lang2057\langfe1033\langnp2057\insrsid3619438\charrsid3174451 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 The Defendan}{\fs24\lang2057\langfe1033\langnp2057\insrsid9535182\charrsid3174451 t's case is that the Plaintiff }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
is not and n}{\fs24\lang2057\langfe1033\langnp2057\insrsid9535182\charrsid3174451 ever has been a shareholder and c}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
onsequently has no authority to challenge the management of the company.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid3619438 {\fs24\lang2057\langfe1033\langnp2057\insrsid3619438\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid3938994 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 What is very clear, and was well known to Mr Cressey and later Messrs Whittle and}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3619438\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Towgood from the outset, was that the 10,000 "}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3619438\charrsid3174451 B}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 " shares held by the }{\fs24\lang2057\langfe1033\langnp2057\insrsid3619438\charrsid3174451 {\*\xmlopen\xmlns1
{\factoidname date}{\xmlattr\xmlattrns0{\xmlattrname Month}{\xmlattrvalue 12}}{\xmlattr\xmlattrns0{\xmlattrname Day}{\xmlattrvalue 1}}{\xmlattr\xmlattrns0{\xmlattrname Year}{\xmlattrvalue 1988}}}C}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 ook Islands{\*\xmlclose} Government Property Corporation were to be transferred to local shareh}{\fs24\lang2057\langfe1033\langnp2057\insrsid3619438\charrsid3174451 olders. On 
{\*\xmlopen\xmlns1{\factoidname date}{\xmlattr\xmlattrns0{\xmlattrname Month}{\xmlattrvalue 12}}{\xmlattr\xmlattrns0{\xmlattrname Day}{\xmlattrvalue 1}}{\xmlattr\xmlattrns0{\xmlattrname Year}{\xmlattrvalue 1988}}}the 11th September 1}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 984{\*\xmlclose} Cabinet approved the transfer of the 10,}{\fs24\lang2057\langfe1033\langnp2057\insrsid3619438\charrsid3174451 000}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  shares to the eight local shareholders. Mr Tow}{\fs24\lang2057\langfe1033\langnp2057\insrsid3619438\charrsid3174451 good has suggested that in f}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 act there was no such Cabinet approval, or if there was it was defective in some way. I reject that}{\fs24\lang2057\langfe1033\langnp2057\insrsid4350301\charrsid3174451 .}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  The evidence is clear. }{\fs24\lang2057\langfe1033\langnp2057\insrsid4350301\charrsid3174451 On a date unknown in 19}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 84 eight share transfers were exec}{\fs24\lang2057\langfe1033\langnp2057\insrsid4350301\charrsid3174451 uted by the Government Property }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Corporation and the local share}{\fs24\lang2057\langfe1033\langnp2057\insrsid4350301\charrsid3174451 holders who subsequently paid to the company, }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 share capital of $1}{\fs24\lang2057\langfe1033\langnp2057\insrsid4350301\charrsid3174451  per}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  share and a share}{
\fs24\lang2057\langfe1033\langnp2057\insrsid4350301\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 premium of 50 cents per sha}{\fs24\lang2057\langfe1033\langnp2057\insrsid4350301\charrsid3174451 
re. Mr Towgood has acknowledged t}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 hat}{\fs24\lang2057\langfe1033\langnp2057\insrsid4350301\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
that money is held by the company.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid4350301 {\fs24\lang2057\langfe1033\langnp2057\insrsid4350301\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid3938994 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Both Mr Whittle and Mr Towgood have denied tha}{
\fs24\lang2057\langfe1033\langnp2057\insrsid4350301\charrsid3174451 t }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 the share transfers were ever lodged with the }{
\fs24\lang2057\langfe1033\langnp2057\insrsid7699672\charrsid3174451 company for }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 registration but I am informed by counsel that in}{
\fs24\lang2057\langfe1033\langnp2057\insrsid7699672\charrsid3174451  the course of }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 preparing for trial the share transfers were }{
\fs24\lang2057\langfe1033\langnp2057\insrsid7699672\charrsid3174451 found among }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Mr Towgood's records.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid7699672 {\fs24\lang2057\langfe1033\langnp2057\insrsid7699672\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid5308597 {\fs24\lang2057\langfe1033\langnp2057\insrsid5308597\charrsid3174451 These references }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
from the Minutes of a directors' meeting of {\*\xmlopen\xmlns1{\factoidname date}{\xmlattr\xmlattrns0{\xmlattrname Month}{\xmlattrvalue 12}}{\xmlattr\xmlattrns0{\xmlattrname Day}{\xmlattrvalue 1}}{\xmlattr\xmlattrns0{\xmlattrname Year}{\xmlattrvalue 1988}
}}the 2}{\fs24\lang2057\langfe1033\langnp2057\insrsid8655910\charrsid3174451 6}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 th February 1985{\*\xmlclose} attended by Messrs Whittle, Towgood and Manarangi are of signifi}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5308597\charrsid3174451 cance:-
\par 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid13855775 {\fs24\lang2057\langfe1033\langnp2057\insrsid5308597\charrsid3174451 "Mr Manarangi }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
was requested to have drafted the necessary re}{\fs24\lang2057\langfe1033\langnp2057\insrsid5308597\charrsid3174451 solution giving effect to the }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
resignation as directors of Messrs Cressey and Cressey. That resolution was to contain approvals as to the transfer of shares from}{\fs24\lang2057\langfe1033\langnp2057\insrsid5308597\charrsid3174451  Messrs Cressey a}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 nd }{\fs24\lang2057\langfe1033\langnp2057\insrsid5308597\charrsid3174451 Cressey to Mr Whittle.}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
 That resolution should also note the transfer of shares from the }{\fs24\lang2057\langfe1033\langnp2057\insrsid16340392\charrsid3174451 C}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 ook Islan
ds Government Property Corporation to those sharehold}{\fs24\lang2057\langfe1033\langnp2057\insrsid5308597\charrsid3174451 ers for whom Mr Manarangi acted."}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid8399913 {\fs24\lang2057\langfe1033\langnp2057\insrsid13855775\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid13855775 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 "SHARE CAPITAL
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9774773 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Mr Whittle reported that $1.50 would have to be paid by those shareholders for whom Mr
}{\fs24\lang2057\langfe1033\langnp2057\insrsid9774773\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Manarangi acted. That $1.50 would be paid to}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9774773\charrsid3174451  the Blue Pacific Laundry and D}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 rycleaners (1}{\fs24\lang2057\langfe1033\langnp2057\insrsid9774773\charrsid3174451 9}
{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 84) Limited}{\fs24\lang2057\langfe1033\langnp2057\insrsid9774773\charrsid3174451 .}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 "
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid3938994 {\fs24\lang2057\langfe1033\langnp2057\insrsid9774773\charrsid3174451 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 The simple fact is that Messrs Whittle and Towgood}{\fs24\lang2057\langfe1033\langnp2057\insrsid10293087\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 wrongly determined to frustrate, or at least delay, the formal}{\fs24\lang2057\langfe1033\langnp2057\insrsid10293087\charrsid3174451  transfer of the shares to the l}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 ocal shareholders by reliance o}{\fs24\lang2057\langfe1033\langnp2057\insrsid13324780 n technical grounds of no m}{\fs24\lang2057\langfe1033\langnp2057\insrsid4464705\charrsid3174451 
erit}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 , and regrettably their efforts have}{\fs24\lang2057\langfe1033\langnp2057\insrsid10293087\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
in large measure succeeded through the inaction of the Plaintiff}{\fs24\lang2057\langfe1033\langnp2057\insrsid10293087\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 and his advisers. This matter }{
\fs24\lang2057\langfe1033\langnp2057\insrsid10293087\charrsid3174451 has been allowed to drag on for years in an unacceptable manner.}{\fs24\lang2057\langfe1033\langnp2057\insrsid14567643\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid14567643 {\fs24\lang2057\langfe1033\langnp2057\insrsid14567643\charrsid3174451 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 I conclude therefore that}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
the local shareholder}{\fs24\lang2057\langfe1033\langnp2057\insrsid14567643\charrsid3174451 s a}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 re}{\fs24\lang2057\langfe1033\langnp2057\insrsid14567643\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 shareholders of the Defend}{\fs24\lang2057\langfe1033\langnp2057\insrsid14567643\charrsid3174451 ant and direct that they be registered }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 accordingly.}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 It may be th}{
\fs24\lang2057\langfe1033\langnp2057\insrsid14567643\charrsid3174451 at there are some formalities }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 to}{\fs24\lang2057\langfe1033\langnp2057\insrsid14567643\charrsid3174451  be c}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 omplied with such as the pa}{\fs24\lang2057\langfe1033\langnp2057\insrsid14567643\charrsid3174451 yment of duty on the transfers but }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 that should present no problem. I further hold that the}{\fs24\lang2057\langfe1033\langnp2057\insrsid14567643\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Plaintiff had the standing to brin}{\fs24\lang2057\langfe1033\langnp2057\insrsid14567643\charrsid3174451 g}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
 the present proceedings.}{\fs24\lang2057\langfe1033\langnp2057\insrsid14567643\charrsid3174451 
\par 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 The second issue I propose to deal with, although Mr Manarangi submitted that it}{\fs24\lang2057\langfe1033\langnp2057\insrsid14567643\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 was}{\fs24\lang2057\langfe1033\langnp2057\insrsid14567643\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 irrelevant, is this:}{
\fs24\lang2057\langfe1033\langnp2057\insrsid14567643\charrsid3174451 
\par 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9576481 {\fs24\lang2057\langfe1033\langnp2057\insrsid14567643\charrsid9576481 "}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid14567643\charrsid9576481 
Whether Mr Anthony Mark Manarangi of Rarotonga, Solicitor, is a director of the compan}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid8399913\charrsid9576481 y}{\fs24\lang2057\langfe1033\langnp2057\insrsid8399913\charrsid9576481 "}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid9576481 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid3938994 {\fs24\lang2057\langfe1033\langnp2057\insrsid1651024\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid1651024 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid8264425 This requires consideration of the reasons why, at the directors' meeting of 
{\*\xmlopen\xmlns1{\factoidname date}{\xmlattr\xmlattrns0{\xmlattrname Month}{\xmlattrvalue 12}}{\xmlattr\xmlattrns0{\xmlattrname Day}{\xmlattrvalue 1}}{\xmlattr\xmlattrns0{\xmlattrname Year}{\xmlattrvalue 1988}}}the 23rd October 1987{\*\xmlclose}
, it was declared th}{\fs24\lang2057\langfe1033\langnp2057\insrsid5832745\charrsid8264425 at Mr Manarangi had been fired "}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid8264425 because he was illegal}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5832745\charrsid8264425 "}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid8264425 . Messrs}{\fs24\lang2057\langfe1033\langnp2057\insrsid1651024\charrsid8264425  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid8264425 Whittle and Towgood, p}{\fs24\lang2057\langfe1033\langnp2057\insrsid1651024\charrsid8264425 resumably on someone's advice, j}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid8264425 ustified}{\fs24\lang2057\langfe1033\langnp2057\insrsid1651024\charrsid8264425  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid8264425 their purported dismissal}{
\fs24\lang2057\langfe1033\langnp2057\insrsid1651024\charrsid8264425  of Mr Manarangi by reliance on s}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid8264425 .}{\fs24\lang2057\langfe1033\langnp2057\insrsid13324780\charrsid8264425  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid8264425 12 of the Crown Law Office Act, wh}{\fs24\lang2057\langfe1033\langnp2057\insrsid1651024\charrsid8264425 ich, at the relevant time, read:
\par 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid1651024 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid8264425 "Neither the Solicitor}{
\fs24\lang2057\langfe1033\langnp2057\insrsid14000\charrsid8264425 -General nor Crown Counsel appointed under s}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid8264425 .}{\fs24\lang2057\langfe1033\langnp2057\insrsid13324780\charrsid8264425  }
{\fs24\lang2057\langfe1033\langnp2057\insrsid14000\charrsid8264425 8 of this Ac}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid8264425 t}{\fs24\lang2057\langfe1033\langnp2057\insrsid14000\charrsid8264425  shall engage }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid8264425 in private practice in the Cook Islands }{\fs24\lang2057\langfe1033\langnp2057\insrsid14000\charrsid8264425 as a Barrister or Solicitor, or}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid8264425  other employment, whether for any fee or reward or ot}{\fs24\lang2057\langfe1033\langnp2057\insrsid8550015\charrsid8264425 herwise, during the term of his employment."}{
\fs24\lang2057\langfe1033\langnp2057\insrsid1651024\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid1651024 {\fs24\lang2057\langfe1033\langnp2057\insrsid8550015\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid2766190 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
At the relevant time Mr Manarangi was not engaging "in private practice" and the question is whether his appointment as a director, for which he received no remuneration, came within the term "other employment". There is}{
\fs24\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 clear authority for the }{\fs24\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid3174451 p}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 roposition that a director i}{\fs24\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid3174451 s}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
 not an "employee" of a company and to be an "employee" th}{\fs24\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid3174451 e director must be engaged under}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  a contract of service}{
\fs24\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid3174451 .}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 (See per Bowen L.J. in }{
\fs24\ul\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid14887260 Hutton v West}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid14887260  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid14887260 C}{
\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid14887260 ork }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid14887260 Railway }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid14887260 Co}{
\fs24\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid1929777 .}{\fs24\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid3174451  23 Ch.}{\fs24\lang2057\langfe1033\langnp2057\insrsid14887260  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid3174451 D. 6}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 72, and }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid14887260 In r}{
\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid14887260 e}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid14887260  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid14887260 Lee }{
\fs24\ul\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid14887260 B}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid14887260 ehrens & Co}{\fs24\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid1929777 .}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid3174451 [1932] 2 }{\fs24\lang2057\langfe1033\langnp2057\insrsid11275692 C}{
\fs24\lang2057\langfe1033\langnp2057\insrsid11275692\charrsid3174451 h}{\fs24\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid3174451 . 46}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  at}{
\fs24\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid3174451  p}{\fs24\lang2057\langfe1033\langnp2057\insrsid13324780  }{\fs24\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid3174451 53.}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 ) }{\fs24\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid3174451 I conclude }{\fs24\lang2057\langfe1033\langnp2057\insrsid13324780 therefore }{
\fs24\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid3174451 that Mr Manarangi's appointment did not breach s.}{\fs24\lang2057\langfe1033\langnp2057\insrsid13324780  }{\fs24\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid3174451 
12. I will go further and say that even if it did I am not satisfied that his appointment as a }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid9576481 director}{\fs24\lang2057\langfe1033\langnp2057\insrsid2766190\charrsid3174451 
 became "illegal". Perhaps the better view is that it would have been his employment as Crown counsel that was at risk.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid7957456 {\fs24\lang2057\langfe1033\langnp2057\insrsid7957456\charrsid3174451 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid149866\charrsid3174451 Section 12 was amended i}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 n 1989-90 b}{\fs24\lang2057\langfe1033\langnp2057\insrsid149866\charrsid3174451 
y the addition of this proviso:-}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid3938994 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9976196 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 "Provided that the Solicitor-General and Crown Counsel may w}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9976196\charrsid3174451 ith the consent of the Attorney-}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 General act as officers of a company in which Government
 has a principal or majority shareholding."
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid9976196 {\fs24\lang2057\langfe1033\langnp2057\insrsid9976196\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid3938994 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
I must concede that it is not clear what effect that proviso has on the present problem but I conclude that it does}{\fs24\lang2057\langfe1033\langnp2057\insrsid9976196\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 n}{\fs24\lang2057\langfe1033\langnp2057\insrsid9976196\charrsid3174451 o more than permit the Solicitor}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
-General or Crown Counsel to b}{\fs24\lang2057\langfe1033\langnp2057\insrsid9976196\charrsid3174451 e employed by a company under a}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  contract of service in }{
\fs24\lang2057\langfe1033\langnp2057\insrsid11102226\charrsid3174451 certain }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 circumstances.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid9976196 {\fs24\lang2057\langfe1033\langnp2057\insrsid9976196\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid1130610 {\fs24\lang2057\langfe1033\langnp2057\insrsid9976196\charrsid3174451 This is the third issue:}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid3938994 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid14887260 {\fs24\ul\lang2057\langfe1033\langnp2057\insrsid10834063\charrsid9576481 Who should meet payment of the costs of the investigation ordered pursuant to s.}{
\fs24\ul\lang2057\langfe1033\langnp2057\insrsid1929777  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid10834063\charrsid9576481 168 of the Companies Act}{\fs24\lang2057\langfe1033\langnp2057\insrsid10834063\charrsid9576481 ?
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid10834063 {\fs24\lang2057\langfe1033\langnp2057\insrsid10834063\charrsid3174451 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9976196\charrsid3174451 When Dillon }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 J.}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 made}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 the order}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 appointing Mr Carr}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
as Inspector on the 5th December 1987 he indicated that if, in the result, Mr Towgood was shown by the inquiry to have been at fault in the management of the company then he would pay the costs of the inquiry; and if Mr Manarangi was at fault he would pay
, or if both were at fault, each would contribute. It is not clear from the Judge's minute whether his reference to "Mr Manarangi" means the Plaintiff or the solicitor but because of the view I take of the matter it is not}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9976196\charrsid3174451  necessary to decide the matter.}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid9976196 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
\par I }{\fs24\lang2057\langfe1033\langnp2057\insrsid9976196\charrsid3174451 am in no doubt whatsoever that}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  in the circumstances brought about by Mr Towgoo}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9976196\charrsid3174451 d's high-handed conduct }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 an investigation was fully justified. That being so, }{
\fs24\lang2057\langfe1033\langnp2057\insrsid9976196\charrsid3174451 s.}{\fs24\lang2057\langfe1033\langnp2057\insrsid11814842  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9976196\charrsid3174451 174 of }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 the Companies Act determines ho}{\fs24\lang2057\langfe1033\langnp2057\insrsid9976196\charrsid3174451 w the expenses of the investigation sha}{
\fs24\lang2057\langfe1033\langnp2057\insrsid4329409\charrsid3174451 ll}{\fs24\lang2057\langfe1033\langnp2057\insrsid9976196\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 be defrayed and }{
\fs24\lang2057\langfe1033\langnp2057\insrsid9976196\charrsid3174451 s}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 .}{\fs24\lang2057\langfe1033\langnp2057\insrsid11814842  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 174(1}{\fs24\lang2057\langfe1033\langnp2057\insrsid12076558\charrsid3174451 ) (}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
b), which applies in the present case, provid}{\fs24\lang2057\langfe1033\langnp2057\insrsid9976196\charrsid3174451 es:-
\par 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid9976196 {\fs24\lang2057\langfe1033\langnp2057\insrsid8399913\charrsid3174451 "(b).....}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
the expenses shall be defrayed by the company}{\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451  unless the }{\fs24\lang2057\langfe1033\langnp2057\insrsid983593\charrsid3174451 C}{
\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451 ourt directs, as it i}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 s he
reby authorised to do, that they shall either be paid by the applicants or in part by the company and in part by the applicants".
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid3938994 {\fs24\lang2057\langfe1033\langnp2057\insrsid9976196\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid14025302 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Although it would not be unjust to do so, I conclude}{
\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451  that there is no jurisdiction}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  to order Mr Towgood to pay the}{
\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 expenses; and there is no justification for ordering the}{
\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Plaintiff to pay.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid3938994 {\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid14025302 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 On {\*\xmlopen\xmlns1{\factoidname date}{\xmlattr\xmlattrns0{\xmlattrname Month}
{\xmlattrvalue 12}}{\xmlattr\xmlattrns0{\xmlattrname Day}{\xmlattrvalue 1}}{\xmlattr\xmlattrns0{\xmlattrname Year}{\xmlattrvalue 1988}}}the }{\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451 1st December 1988}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 {\*\xmlclose} Dillon J. ordered that pending}{\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451  determination of }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 the }{\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451 is}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 sues of liability and contribution the
}{\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 investigation costs of $3503 }{\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451 
were to be paid by the company.}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  I}{\fs24\lang2057\langfe1033\langnp2057\insrsid12076558\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
presume this was done so no further order is necessary.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid3938994 {\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid14025302 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 The}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 only}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 other}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451 i}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 ssue}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 which}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451 i}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 n}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 my}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 opinion}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 requires}{\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 determination is this:
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451 
\par }\pard \ql \li720\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin720\itap0\pararsid14887260 {\fs24\ul\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid9576481 Whether the defendant is entitled to an order for costs against}{
\fs24\ul\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid9576481  the Plaintiff}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid9576481 .}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid3938994 {\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Ev}{\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451 idence was given by a Mr Ruddel}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 l}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451 ,}{\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451  (and indeed i}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 t was}{
\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451  the only viva voce}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
 testimony presented to me), an employee of the company, who produced a schedule of costs claimed by the company}{\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid11561571\charrsid3174451 
against the P}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 laintiff.}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
It is truly a remarkable document. The}{\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451  company's claim totals $136,866}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 . It includes }{
\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451 "}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 legal fees}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451 "}{
\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451  of $32,9}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 86 (including interest); }{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451 "}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 travel expenses}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451 "}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  for Messrs}{
\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Whittle and Towgood o}{\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451 
f $20,500. A sum of $25,000 has}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  been claimed being 25% of Mr Towgood}{\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451 '}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 s salary over five ye}{\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451 ars for time}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  spent on }
{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451 "}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 research, recording, }{\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451 
interviewing, briefing }{\fs24\lang2057\langfe1033\langnp2057\insrsid11814842 and analysis etc.}{\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451 " }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
No evidence was given to }{\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451 j}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 ustify }{\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451 any of }{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 this}{\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 expenditur}{
\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451 e }{\fs24\lang2057\langfe1033\langnp2057\insrsid6705176\charrsid3174451 a}{\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451 nd Mr Appleby could not help.}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3938994\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13253354\charrsid3174451 Mr Ruddell}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  said h}{
\fs24\lang2057\langfe1033\langnp2057\insrsid14025302\charrsid3174451 e}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  relied on Mr Towgood who simply plucked accounts out of the}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12076558\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 company records which, }{\fs24\lang2057\langfe1033\langnp2057\insrsid12076558\charrsid3174451 acco
rding to Mr Ruddell, were in such a mess that he c}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 laimed $2,750 just for the}{\fs24\lang2057\langfe1033\langnp2057\insrsid12076558\charrsid3174451  cost of preparing the schedule.}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid12076558 {\fs24\lang2057\langfe1033\langnp2057\insrsid12076558\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid3938994 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 The position is that Mr Towgood was substantially the}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12076558\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 author of his own misfortune in this unfortunate and largely}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12076558\charrsid3174451  unnecessary case. Furthermore }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 he appears to have involved the}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12076558\charrsid3174451  company i}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 n many thousands of dollars of unnecessary expenditure.}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12076558\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 He has confused his personal interest with the best interests of}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12076558\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 the company.
\par 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid12076558 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 An ounce of goodwill and common sense could have}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12076558\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 resolved the problems years}{\fs24\lang2057\langfe1033\langnp2057\insrsid12076558\charrsid3174451  ago 
and it is to be hoped that}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  that}{\fs24\lang2057\langfe1033\langnp2057\insrsid12076558\charrsid3174451  can now be done.}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  What is really needed is the intervention of}{\fs24\lang2057\langfe1033\langnp2057\insrsid12076558\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid4020725 a }{
\fs24\lang2057\langfe1033\langnp2057\insrsid12076558\charrsid3174451 knowledgeable}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  and firm conciliator.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12076558\charrsid3174451 
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid3938994 {\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 I make no orders for costs - each party is to bear its}{
\fs24\lang2057\langfe1033\langnp2057\insrsid12076558\charrsid3174451  }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 own.
\par }\pard \ql \li0\ri0\nowidctlpar\wrapdefault\faauto\adjustright\rin0\lin0\itap0\pararsid12076558 {\fs24\lang2057\langfe1033\langnp2057\insrsid12076558\charrsid3174451 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 Leave is reserved to the parties to apply f}{\fs24\lang2057\langfe1033\langnp2057\insrsid12076558\charrsid3174451 or further directions or to seek}{
\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451  any necessary orders, although I hope such a}{\fs24\lang2057\langfe1033\langnp2057\insrsid10879716\charrsid3174451 pplications will not prove }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14765870\charrsid3174451 necessary}{\fs24\lang2057\langfe1033\langnp2057\insrsid13306727\charrsid3174451 .}{\fs24\lang2057\langfe1033\langnp2057\insrsid14765870\charrsid3174451 
\par }}