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EQUITY COUET.

(Before Mr. Jusuoo A. II. Simpson.)

A PENNANT HIt,LS LAND TRANSACTION.

Perpetual Trusten Company v. Cowan and nnotbor.

The plaiulilf company aro tho present trustees of the inarmgo settlement of Louisa Jane Oakes, aud tho defend mt, Mrs. Hitchcock, pur- chased thu equity of redemption of 160 ucros ot Und at Paiinant Hills from tho former trustee of the settlement for tho sum of £5, and subsequently riis ch irgcd a martgaga for the utuouut of £n50, Tho present liiislees now allcfo that tho property is worth upwards of £2000, ttid that in acqumog tho equity or redemption for £*> Mrs Hitchcock obtained it at au mulur-valualiou, and pluintifls now sook to sot asid« thu lulu aud for au older hy thu Court de- claring Mr«, Hitchcock to be a trustee of th« equity of rodcinption for tho purposes tit the s^tlleinoiit. Tho dofencu was that at tho timo the equity of re- demption was purchased tho price paid was the full

value of the land.

Tho C1-.C'. tv Inch had been commenced on a pre- vious day, is still part heaid.

(Boforo Mr. Justice Walker.)

A MINING DISPUTE.

Grady v Barron and others

Dr bli, with lura Mr Peden, instructed by Alessrs Rawlinson and Ilumillon, uppe ired for thu plaintiff, Tames Grady Mr Lingen, instructed by Mr W P Blackmore, appeared tor the defendant, AV iib nu Barron Mr Kelynack, with him Mr Curio» is instructed by Mr W P Blackmore, appoarod for the dofoudint, John Henry Barron Mi

Atlee Hunt, instructed by Mr AV P. Black- more, appeared tot thu defend nils, John Han- son and Hubert Barron Mr Rev or dge appeared as solicitor tor Hugh M'Kon/io and James Barron, to submit Tina was a suit in connection with tho nillo of au interest in the Grassy Gull} gold mine, which is iftuated at Y iHval, in Ino .Shoalhaven district Tho platutill claimed that ho had purchased írom Tonn Ilcitiv Burron ouo-uftccntii share in the mine, and that the other defendants acknowledged lum na a. co- partner He sought to have secured lo lum his charo of tho proceeds of tho mino aud also of the silo of tva-thuda of it wh eli was purchased for £iJU0 by Ml V7 II C Lovely, of R030 Ba}, fndnoi The dofencu was ii general denial of the material allegations of the plaiaLift

lu delivering judgment Ina Hnnoi said there waa in this ease a great conflict of evidenco, and ho had a ilifTioult question to decido as to tho si la upon which the truth lav

but aftet hearing tho evidence lo hal como to tho conclusion that hu must accept tim story told by plaintift and tho wilneusos culled bv lum His Honor, thereforo, declared that the plaiutifl was outitlBl lo onu-hnlf sb iro of tho oh iro of tho defen- dant John Ileniy Barroo, und lo Ins slia-o of the procooeds of tho sala of two-third* of the Grossi Gully gold mino mid ho orlered that thu trustees lor tho partnership-that is tho defendants William Barron and lohn Hanson chouli pay tho plaintiff Ins shnro ol tho proceeds of the salo accordingly His Hbuor also ordered that tho coste of defendants William Barton and T0im Hanson should bo pud by plaiulill, aud plaintiff to be ontitlcd to such costs and to the costs of silt as against the defondaut Tollu Henry Barren

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