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\li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10638798 {\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid7543278 TREVOR ROBERT GALLAGHER \par }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid7543278 First Appellant \par }\pard \qj \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid7543278 \par }\pard \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10638798 {\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid7543278 NADI CONTRACTORS LIMITED \par }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid7543278 Second Appellant \par }\pard \qj \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid7543278 \par }\pard \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10638798 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Justice Daniel V. Fatiaki, President of Supreme Court \par Rt. Hon. Justice Thomas Gault, Judge of Supreme Court \par Hon. Justice Keith Mason, Judge of Supreme Court \par \par Hearing:}{\lang2057\langfe1033\langnp2057\insrsid7543278 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid7543278 Tuesday, 18th May 2004, Suva \par \par Counsel:Mr BC Patel and Mr CB Young for the Appellants \par Mr AH Silvester and Mr B Singh for the Respondent \par \par Date of Judgment}{\lang2057\langfe1033\langnp2057\insrsid7543278 : }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid7543278 Friday, 21 May 2004, Suva \par \par }\pard \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10638798 {\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid7543278 JUDGMENT OF THE COURT \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10638798 {\ul\lang2057\langfe1033\langnp2057\insrsid7543278\charrsid7543278 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 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\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 At the centre of the case is the issue of the validity of a deed of trust executed by the first appellant Mr Gallagher by which he purported to declare a trust in favour of the respondent M r Newham in respect of 10,000 shares in the second appellant company Nadi Contractors Limited (the Company).}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The deed states: \par }\pard\plain \s19\ql \li0\ri737\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin737\lin0\itap0\pararsid10638798 \i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\i0\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid10638798 \par }\pard \s19\ql \li737\ri737\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin737\lin737\itap0\pararsid10638798 {\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \'93To Allan Charles Newham \par }\pard \s19\ql \li0\ri737\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin737\lin0\itap0\pararsid10638798 {\i0\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid10638798 \par }\pard\plain \s25\ql \li1440\ri1440\widctlpar\aspalpha\aspnum\faauto\adjustright\rin1440\lin1440\itap0\pararsid10638798 \b\i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 With reference to the share referred to in the schedule hereto in NADI CONTRACTORS LIMITED, (herein called \'93the said share\'94 ), which at your request I hold in my name I CONFIRM that the purchase money for the said share is to be provided by you out of your own moneys AND I ALSO CONFIRM AND DECLARE THAT: \par }\pard\plain \ql \li0\ri793\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin793\lin0\itap0\pararsid10638798 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par {\pntext\pard\plain\b\i\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 1.\tab}}\pard \ql \fi-720\li1440\ri1360\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls17\pnrnot0\pndec\pnstart1\pnindent360\pnsp120\pnhang {\pntxta .}}\aspalpha\aspnum\faauto\ls17\adjustright\rin1360\lin1440\itap0\pararsid10638798 {\b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 I hold the said share and all dividends to accru e upon or in respect of it upon trust for you and I agree to transfer pay and deal with the said share and such dividends in such manner as you shall from time to time in writing direct. \par }\pard \ql \li0\ri1361\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin1361\lin0\itap0\pararsid10638798 {\b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par {\pntext\pard\plain\b\i\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 2.\tab}}\pard \ql \fi-720\li1440\ri1361\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls17\pnrnot0\pndec\pnstart1\pnindent360\pnsp120\pnhang {\pntxta .}}\aspalpha\aspnum\faauto\ls17\adjustright\rin1361\lin1440\itap0\pararsid10638798 {\b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 I will at your request attend all meetings of shareholders or ot herwise which I shall be entitled to attend by statute of being the holder of the said share and will vote at every such meeting in such manner as you shall have previously directed in writing and in default of and subject to any such direction, at my dis cretion, and further I will if so required by you execute all proxies powers of attorney, or other documents which shall be necessary or proper to enable you to vote at any such meetings in my place. \par }\pard \ql \li0\ri1361\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin1361\lin0\itap0\pararsid10638798 {\b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par {\pntext\pard\plain\b\i\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 3.\tab}}\pard \ql \fi-720\li1440\ri1360\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls17\pnrnot0\pndec\pnstart1\pnindent360\pnsp120\pnhang {\pntxta .}}\aspalpha\aspnum\faauto\ls17\adjustright\rin1360\lin1440\itap0\pararsid10638798 {\b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 You may at your absolute discretion at any time by r egistered deed or deeds do either or both of the following things, that is to say: \par }\pard \ql \li0\ri1360\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin1360\lin0\itap0\pararsid10638798 {\b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par {\pntext\pard\plain\b\i\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 (a)\tab}}\pard \ql \fi-720\li2160\ri1927\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls18\pnrnot0 \pnlcltr\pnstart1\pnindent360\pnsp120\pnhang {\pntxtb (}{\pntxta )}}\aspalpha\aspnum\faauto\ls18\adjustright\rin1927\lin2160\itap0\pararsid10638798 {\b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Remove me as trustee of the said share with or without assigning any reason so doing. \par }\pard \ql \li0\ri1927\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin1927\lin0\itap0\pararsid10638798 {\b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par {\pntext\pard\plain\b\i\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 (b)\tab}}\pard \ql \fi-720\li2160\ri1927\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls18\pnrnot0 \pnlcltr\pnstart1\pnindent360\pnsp120\pnhang {\pntxtb (}{\pntxta )}}\aspalpha\aspnum\faauto\ls18\adjustright\rin1927\lin2160\itap0\pararsid10638798 {\b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Appoint a new or additional trustee or trustees of the said share. \par }\pard \ql \li0\ri1927\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin1927\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par {\pntext\pard\plain\b\i\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 4.\tab}}\pard \ql \fi-720\li1440\ri1360\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls17\pnrnot0\pndec\pnstart1\pnindent360\pnsp120\pnhang {\pntxta .}}\aspalpha\aspnum\faauto\ls17\adjustright\rin1360\lin1440\itap0\pararsid10638798 {\b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 I hereby nominate constitute and appoint you to be my lawful attorney for me and in my name and as and for me act to sell and/or transfer the said shares to any person, firm or company and to procure the terms of this instrument any or one or more of them to be observed and properly carried out into effect and for those purposes to sign execute and do all such documents, deed and things as may be reasonably requisite or necessary and I hereby undertake to ratify and confirm all that you may do or purport t o do in exercise of the foregoing powers or any of them. \par }\pard \ql \li0\ri1360\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin1360\lin0\itap0\pararsid10638798 {\b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par }\pard\plain \s2\ql \fi720\li0\ri0\keepn\nowidctlpar\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin0\itap0\pararsid10638798 \b\i\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 { \b0\i0\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 SCHEDULE \par }\pard\plain \ql \li0\ri1360\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin1360\lin0\itap0\pararsid10638798 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par }\pard \ql \li720\ri793\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin793\lin720\itap0\pararsid10638798 {\b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 10,000 ordinary shares of $1.00 fully paid in NADI CONTRACTORS LIMITED.\'94 \par }\pard \ql \li0\ri1360\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin1360\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 3\tab}}\pard\plain \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 In granting leave to appeal, the Court of Appeal formulated as a question of significant public importance:}{\lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par }\pard\plain \ql \li720\ri1361\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin1361\lin720\itap0\pararsid10638798 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 { \b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \'93Was the Court of Appeal correct in holding the Deed of Trust dated 2 June 1990 was valid and legal as it did not require the Minister\rquote s consent under the Exchange Control Act, Cap. 211.\'94 \par }\pard \ql \li0\ri1360\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin1360\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 4\tab}}\pard\plain \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Mr Newham commenced this proceeding in the High Court on 14 May 1999 by way of originating summons.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 He sought a declaration that the trust was valid and legal and certain consequential relief.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The present appellants opposed on two principal grounds.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The first was that the declaration of trust was made without the consent of the Reserve Bank of Fiji (as the delegate of the Minister) required under section 11 of the Exchange Control Act and therefore was unlawful and invalid.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{ \lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The alternative ground was that the declaration of trust was part of a wider transaction imposing o bligations on Mr Newham which he had repudiated so that there was a failure of consideration for the declaration of trust.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The second of these grounds introduced issues of fact for which the originating summons procedure is not appropriate, but as the mat ter developed in the courts below questions of law were determinative and the wider dispute was left for separate proceedings.}{\lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 5\tab}}\pard \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 In his judgment delivered on 5 May 2000, Madraiwiwi J determined that it was not necessary to go outside the deed which made no mention of any wider transaction and held there was no failure of consideration.}{ \lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 With reference to section 11(1) of the Exchange Control Act, which prohibited the transfer of securities to non-residents without the Minister\rquote s consent, he held that althou gh Mr Newham was resident outside Fiji, the deed did not effect a transfer of the shares.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Relying on the decision of the Court of Appeal in }{\b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Guiseppe Ruggiero and Taeko Ruggiero v Allessandro Bianca }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Civil Appeal No ABU0661 of 1997, he construed the deed as constituting an undertaking to transfer the shares in the future which did not contravene section 11(1) because the required consent could be obtained for that transfer at the relevant time.}{\lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 6\tab}}\pard \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The Judge granted an injunction restraining Mr Gallagher and t he Company from disposing of assets of the Company or from dissipating its funds pending determination of the action.}{\lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 7\tab}}\pard \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 On appeal to the Court of Appeal, counsel for Mr Gallagher and the Company advanced substantially the same arguments contending that the declaration of trust was invalid.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{ \lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 However, the argument resting on the Exchange Control Act was expanded to include a submission that there had been circumvention also of section 10 which prohibited the issue of securities by the company to a non-resident without consent.}{ \lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 There was no clear factual or jurisdictional foundation for that submission.}{ \b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid10638798 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\b\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 8\tab}}\pard \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 In its judgment, the Court of Appeal focussed on section 11.}{ \lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 This was construed as preventing the transfer of the legal interest in securities but not equitable interests.}{ \lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 After referring to the }{\b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Ruggiero v Bianco}{ \i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 decision the Court said:}{\lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par }\pard\plain \s19\ql \li737\ri737\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin737\lin737\itap0\pararsid10638798 \i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 { \b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \'93So in this case it was open to Newham to obtain the permission of the Minister before he called on Gallagher to transfer the shares to him pursuant to clause (1) of the deed.}{ \b\lang2057\langfe1033\langnp2057\insrsid10638798 }{\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Had the shares been transferred before permission was obtained, that would clearly have been contrary to the subsection.}{ \b\lang2057\langfe1033\langnp2057\insrsid10638798 }{\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 But that is not what occurred.}{\b\lang2057\langfe1033\langnp2057\insrsid10638798 }{ \b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The shares can now lawfully be transferred because, on 18 May 2000, the Reserve Bank, acting on be half of the Minister, granted permission for the shares in Nadi to be transferred from Gallagher to Newham.\'94 \par }\pard\plain \s25\ql \li0\ri1440\widctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin1440\lin0\itap0\pararsid10638798 \b\i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 { \lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 9\tab}}\pard\plain \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The Court also rejected the argument directed to failure of consideration.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The judgment states:}{ \lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par }\pard\plain \s19\ql \li737\ri737\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin737\lin737\itap0\pararsid10638798 \i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 { \b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \'93The declaration was a deed, so that no consideration was required for it to have legal effect.}{\b\lang2057\langfe1033\langnp2057\insrsid10638798 }{ \b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 In fact, it is apparent on the face of the declaration that there was consideration as evidenced in the clause referring to the purchase money to be provided by Newham out of his own moneys. }{\b\lang2057\langfe1033\langnp2057\insrsid10638798 }{\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 If, as Gallagh er claims, it was only intended to be part of a larger transaction, that does not go to whether the declaration itself remains binding and effective.}{\b\lang2057\langfe1033\langnp2057\insrsid10638798 }{ \b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 It will be for Gallagher to prove the other terms in proceedings that have not yet been commenced.}{\b\lang2057\langfe1033\langnp2057\insrsid10638798 }{ \b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 That the High Court, and this Court on appeal, have determined that the declaration is a binding deed of trust will not prevent Gallagher from seeking to establish that there were other terms in the overall agreement between the parties that have been breached .\'94 \par }\pard\plain \ql \li0\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10638798 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 { \lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 10\tab}}\pard\plain \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 In the light of its decision the Court of Appeal discharged the injunction.}{\lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 11\tab}}\pard \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The appellants applied for leave to appeal to this Court and sought to have certified as a question of significant public importance whether the Court of Appeal had correctly distinguished between legal and equitable interests when applying section 11.}{ \lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 However, when supporting the application for leave to appeal, the appellants raised for the first time the contentio n that the declaration of trust contravened section 31 of the Act.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 It is convenient to set out section 31(1) and (3) and section 20:}{ \lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par }\pard\plain \s19\ql \li737\ri737\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin737\lin737\itap0\pararsid10638798 \i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 { \b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \'9331(1)}{\b\lang2057\langfe1033\langnp2057\insrsid10638798 }{\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Except with the permission of the Minister, no person resident in Fiji shall settle any property, otherwise than b y will, so as to confer an interest in the property on a person who, at the time of the settlement, is resident outside Fiji, or shall exercise, otherwise than by will, any power of appointment, whether created by will or otherwise, in favour of a person who, at the time of the exercise of the power is resident outside Fiji \par }\pard \s19\ql \li0\ri737\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin737\lin0\itap0\pararsid10638798 {\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par }\pard \s19\ql \li737\ri737\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin737\lin737\itap0\pararsid10638798 {\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \'85 \par }\pard \s19\ql \li0\ri737\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin737\lin0\itap0\pararsid10638798 {\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par }\pard \s19\ql \li737\ri737\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin737\lin737\itap0\pararsid10638798 {\b\lang2057\langfe1033\langnp2057\insrsid10638798 }{ \b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 (3)}{\b\lang2057\langfe1033\langnp2057\insrsid10638798 }{\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Subsections (2) and (3) of section 20 shall apply in relation to a settlement or the exercise of a power of appointment prohibited by this section as they apply in relation to a transfer prohibited by this Act of a security. \par }\pard \s19\ql \li0\ri737\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin737\lin0\itap0\pararsid10638798 {\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par }\pard \s19\ql \li737\ri737\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin737\lin737\itap0\pararsid10638798 {\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 20}{ \b\lang2057\langfe1033\langnp2057\insrsid10638798 .}{\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 (1)}{\b\lang2057\langfe1033\langnp2057\insrsid10638798 }{\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The title of any person to a security for which he has given value on a transfer thereof, and the title of all persons claiming through or under him, shall, notwithstanding that the transfer, or an y previous transfer, or the issue of the security, was, by reason of the residence of any person concerned other than the first-mentioned person, prohibited by the provisions of this Act relating to the transfer or issue of securities, be valid, unless th e first-mentioned person had notice of the facts by reason of which it was prohibited. \par }\pard \s19\ql \li0\ri737\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin737\lin0\itap0\pararsid10638798 {\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par }\pard \s19\ql \li737\ri737\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin737\lin737\itap0\pararsid10638798 {\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 (2)}{ \b\lang2057\langfe1033\langnp2057\insrsid10638798 }{\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Without prejudice to the provisions of subsection (1), the}{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Minister }{ \b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 may issue a certificate declaring, in relation to a security, that any acts done before the i ssue of a certificate purporting to effect the issue or transfer of the security, being acts which were prohibited by this Act, are to be, and are always to have been, as valid as if they had been done with the permission of the competent authority, and t he said acts shall have effect accordingly. \par }\pard\plain \ql \li0\ri793\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin793\lin0\itap0\pararsid10638798 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 { \lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par }\pard\plain \s19\ql \li737\ri737\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin737\lin737\itap0\pararsid10638798 \i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 { \b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 (3)}{\b\lang2057\langfe1033\langnp2057\insrsid10638798 }{\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Nothing in this section shall affect the liability of any person to prosecution for any offence against this}{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 }{\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Act.\'94}{ \lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par }\pard\plain \s21\ql \fi-1440\li0\ri0\widctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10638798 \f37\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 { \f0\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 12\tab}}\pard\plain \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 In the judgment granting leave the Court of Appeal reformulated the question to encompass the applicability of section 31.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 In this Court that was at the forefront of the appellants\rquote case which contended, also for the first time, that, if section 31 applies, validation would not be possible under section 20.}{\lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 13\tab}}\pard \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The parties sought to presen t to this Court a quite different case from that determined below.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 There are difficulties with new points being raised on appeal, particularly on a second appeal.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 These include matters of fairness to the opposing party in knowing the case to be met, and costs.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 There is also the important factor that the Court is without the benefit of the views of the lower courts on the new points.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Where only questions of law are involved, so long as the parties have the opportunity to present full argument, a new point may be allowed to avoid the costs and delay of further proceedings.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{ \lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 But when it is clear that, had the new points been raised at the outset, further evidence might have been led, the new points will not be entertained.}{ \lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 If authority is needed for these well established propositions see }{\b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Multicon Engineering Pty Ltd v Federal Airports Corporation}{\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 (2000) 47 NSWLR 631, 645}{ \b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 .}{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 These principles must be given even greater emphasis in originating summons proceedings.}{ \lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 14\tab}}\pard \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The case for the appellants in this Court wa s that the declaration of trust constituted a settlement of property conferring an interest on a person resident outside Fiji and required Ministerial permission under section 31.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{ \lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 No such permission was obtained so that the trust is invalid.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Whether that is so is the issue for which leave to appeal was granted.}{\lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 15\tab}}\pard \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 In the argument in this Court the appellants wished to contend further, that the settlement is incapable of validation under section 20 because that section cannot apply to allow validation of a trust that was incompletely constituted.}{ \lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 This trust, it was said, was incompletely constituted because there was no trust property on the date it was executed.}{ \lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Two points were made.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The first, was that at that date the shares were not owned by Mr Gallagher.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The appellants wanted to contend that Mr\~ Gallagher did not acquire his shares in the Company until }{\ul\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 after}{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 the date of the deed.}{ \lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The second point was that the shares were an unallocated portion of a larger parcel of shares and so could not be identified as having been appropriated to the trust \endash a fact assumed but not addressed in the evidence.}{ \lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 16\tab}}\pard \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 We are not prepared to enter upon an enquiry into whether the trust was properly constituted.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 That would raise questions not certified as of significant public importance.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 It would also involve factual issues not appropriate to be dealt with in originating summons proceedings and which are dependent upon evidence not before the Court.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{ \lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 In particular it would call for investigation of the circumstances in which shares in the Company came to be acquired by Mr Gallagher (and Mrs Gallagher) from Romark Pty Limited (Roma rk) a company in which, on Mr Gallagher\rquote s evidence, he and his wife held substantially all the shares though 50% were held for Mr Newham.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{ \lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 It would be necessary also to consider the written confirmation, }{\ul\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 after}{ \lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 the date of the deed of 2\~June 1990 by Mr Gallagher that he would hold 50% of the shares in the company for Mr Newham.}{\lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 17\tab}}\pard \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 In any event it is not apparent that these arguments could assist the appellants because, if the trust is incompletely constituted (as they claim), then there has been no settlement to be invalidated by section 31.}{ \lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Yet there may very well remain a continuing obligation to allocate shares in accordance with an underlying agreement by which Mr Gallagher acquired the shares.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{ \lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The allocation could be made after obtaining the necessary consent, as in the }{\b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Ruggiero v Bianco}{ \lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 case.}{\lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 18\tab}}\pard \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 In this Court the appellants did not persist with the argument of failure of consideration for the deed of 2 June 1990 and we confine our decision to the issue of the validity of that document under the Excha nge Control Act which the public interest plainly requires should be dealt with.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 We are satisfied it is appropriate also to determine the consequential discrete question of law, whether, on its face, the settlement is capable of validation under section 20.}{\lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 19\tab}}\pard \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 We see the matter as straightforward.}{ \lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 As the appellants contend, the declaration by Mr Gallagher to hold 10,000 shares in the Company on trust for Mr\~ Newham constituted a settlement (or confirmation of a prior oral settlement) of property upon a non-resident.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 That is abundantly clear from the provisions of section 31(4)(a) and (b) which read:}{\lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par }\pard\plain \s19\ql \li737\ri737\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin737\lin737\itap0\pararsid10638798 \i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 { \b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \'934.}{\b\lang2057\langfe1033\langnp2057\insrsid10638798 }{\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 For the purpose of this section \endash \par }\pard \s19\ql \li0\ri737\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin737\lin0\itap0\pararsid10638798 {\i0\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid10638798 \par }\pard \s19\ql \fi-703\li1440\ri737\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin737\lin1440\itap0\pararsid10638798 {\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 (a)\tab any reference to settling property includes a reference to the making of any disposition, covenant, agreement or arrangement whereby the property becomes subject to a trust, or (in the case of a resettlement) to a different trust;}{ \b\lang2057\langfe1033\langnp2057\insrsid10638798 }{\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 and}{\b\lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s19\ql \li0\ri737\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin737\lin0\itap0\pararsid10638798 {\b\i0\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid10638798 \par }\pard \s19\ql \fi-703\li1440\ri737\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin737\lin1440\itap0\pararsid10638798 {\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid10638798 (b)\tab a person shall be deemed to have an interest in property if he has any beneficial interest therein, whether present or future, and }{\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid10638798 whether}{ \b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid10638798 vested or contingent, or falls within a limited class of persons in whose favour a discretion or power in respect of the property is exerciseable;}{ \b\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid10638798 }{\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid10638798 and \'85\'94 \par }\pard\plain \ql \li0\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10638798 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 { \lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 20\tab}}\pard\plain \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The only argument advanced for the respondent against the application o f section 31 (raised in written submissions but not pressed orally) was that there was no settlement within section 31 because Mr Newham held the equitable interest in the shares prior to their transfer from Romark to Mr Gallagher so that there was, by th e deed dated 2 June 1990, a transfer of interest and not a settlement.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 That raises questions of fact we are not equipped to answer, but in any event seems to rest upon a fallacious proposition that, as a shareholder in Romark, Mr Newham had an equitable interest in the assets (shares in the Company) which Romark owned.}{ \lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 But even if it were correct, it does not address the question of resettlement under the section.}{ \lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Further, having argued throughout the lower court proceedings that section 11 did not apply to transfers of equitable interests, Mr Newham could not now argue consistently that section 31 is inapplicable because there was a transfer of an equitable interest to which section 11 applies.}{\lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 21\tab}}\pard \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 We do not accept the argument for the respondent (also rai sed in written submissions but not orally) that a certificate of validation under section 20(2) is unnecessary because the deed of trust is valid and enforceable by operation of section 20(1). First, by section 31(3), it is only subsections 2(2) and (3) o f section 20 that apply to settlements made without the permission of the Minister.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Secondly, even if Mr Newham could be regarded as a }{ \b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \'93purchaser for value\'94}{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 within section 20(1) he plainly had notice of }{ \b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \'93the facts by reason of which}{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 [the \'93transfer\'94]}{ \b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 was prohibited\'94.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The material fact was of course his own non-residence.}{\lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 22\tab}}\pard \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 We also cannot accept the respondent\rquote s argument that the deed should not be declared invalid for illegality because to so hold would be to allow Mr Gallagher to benefit from his own illegal act in failing to obtain consent to the settlement.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The Act is clear.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 By providing in section 31(3) for subsequent validation under section 20(2), it clearly was intended that the consequence of making a settlement without Ministerial permission would be invalidity, but subject to validation.}{ \lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 It is for the Minister or his delegate, the Reserve Bank of Fiji to determine whether to issue a certificate of validation of a settlement and }{\b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \'93 any acts done before the issue of such certificate\'94.}{\lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 23\tab}}\pard \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 After i t was made clear that he could not argue that the trust was incompletely constituted, Mr Patel accepted that the settlement effected by the declaration of trust would be capable of validation by the Minister under section 20(2).}{ \lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 That plainly is the position.}{\lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 24\tab}}\pard \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 For the reasons given, now that section 31 has been invoked, the declaration made in the High Court and upheld in the Court of Appeal cannot stand and is set aside.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{ \lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The declaration of trust and the deed dated 2 June 1990 constituted a settlement within section 31 which required the permission of the Minister.}{ \lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Without that, the settlement was invalid but capable of validation under section 20(2) and we allow the appeal and substitute a declaration to that effect.}{\lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 25\tab}}\pard \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Mr Silvester informed the Court t hat the respondent received a certificate of validation just the day before the hearing.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Counsel for the appellant had had no time to consider its effect and we heard no submissions on it.}{\lang2057\langfe1033\langnp2057\insrsid10638798 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 However, consistent with this judgment, a proper certificate under section 20(2) would overcome the invalidity we have found.}{\lang2057\langfe1033\langnp2057\insrsid4872235 \par }\pard \s18\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid10638798\charrsid4872235 \par {\pntext\pard\plain\s18 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid4872235\charrsid4872235 \hich\af0\dbch\af0\loch\f0 26\tab}}\pard \s18\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0 \pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Costs would normally follow the event, but since the appellants have succeeded in part only on a point not previously advanced, the orders for costs in favour of the respondent in the courts b elow should stand and in this Court the parties should bear their own costs. \par }\pard\plain \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10638798 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par }{\b\ul\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Orders \par }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par 1.\tab Appeal upheld in part. \par 2.\tab Set aside declarations made by the Court of Appeal on 15 November 2002. \par }\pard \ql \fi-720\li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10638798 {\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 3.\tab Declare that the Declaration of Deed of Trust dated 2 June 1990 co nstituted a settlement within section 31 of }{\b\i\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 The Exchange Control Act, Cap 211 }{\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 which required the permission of the Minister but which was capable of validation under section 20(2) of that Act. \par 4.\tab Otherwise orders (including orders for costs) made in the Court of Appeal are to stand. \par 5.\tab Each party to bear own costs in the Supreme Court. \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10638798 {\ul\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid10638798 \par }\pard \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10638798 {\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Hon. Justice Daniel V. Fatiaki \par }{\b\ul\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 President of Supreme Court \par }\pard \qj \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10638798 {\b\ul\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par }\pard \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10638798 {\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Rt. Hon. Justice Thomas Gault \par }{\b\ul\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Judge of Supreme Court \par }\pard \qj \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10638798 {\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par }\pard \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10638798 {\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Hon. Justice Keith Mason \par }{\b\ul\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 Judge of Supreme Court \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10638798 {\b\ul\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par Solicitors:}{\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 \par Messrs Young & Associates, Lautoka,}{\b\lang2057\langfe1033\langnp2057\insrsid10638798 }{\b\lang2057\langfe1033\langnp2057\insrsid4872235\charrsid4872235 for the Appellants \par Messrs Babu Singh & Associates, Nadi, for the Respondent \par }}