Attach 4 Moore v Canal River Trust (30.10.13) (Pro)

8/13/2019 Attach 4 Moore v Canal River Trust (30.10.13) (Pro)

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IN THE HIGH COURT OF JUSTICE

CHANCERY DIVISION

No. HC13F03355

Royal Courts o Just!"#

Rolls $u!l%!&'

(#%s%ay) 30t* O"to+#r ,013

$#or#-

ASTER ARSH

$ E T ( E E N -

NIGE/ OORE Cla!a&t

a&%

CANA/ AND RIVER TRUST D##&%a&t

222222222

Transcribed byBEVERLEY F. NUNNERY & CO

Official Shorthand Writers and Tape Transcribers

Quality House, Quality Court, Chancery Lane, London WC2A 1HP

Tel: 020 7831 5627 Fax: 020 7831 7737

inf!"e#e$le%nnne$%.'(

222222222

THE C/AIANT a#ar#% !& 4#rso&.

R. C. STONER C a#ar#% o& +#*al o t*# D##&%a&t.

222222222

P R O C E E D I N G S

BEVERLEY F NUNNERY & CO

OFFICIAL SHORTHAND WRITERS

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I N D E X

4a'# No.

SU$ISSIONS o& str!;# out al!"at!o&-

r. STONER 1

r. OORE 13

r. STONER ,1

r. OORE ,5

SU$ISSIONS r# "osts-

r. STONER ,8

r. OORE ,9

r. STONER ,:

222222222



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R. STONER- Goo% at#r&oo&) ast#r. I a C*r!s Stor. I r#r#s#&t t*# Ca&al

a&% R!# %o &ot *a#

say a&% I t*!&; or t*# uros#s o t*!s al!"at!o& you *aas la!&ly +#t>##& t*#

$r!t!s* (at#r>ays $oar% ?y "l!#&t &o> +#!&' t*# statutory su""#ssor to t*#

$r!t!s* (at#r>ays $oar%@ a&% $r#&tor% Ya"*t a&% $oat Coa&y ?>*!"* I

*aas a $r#&tor% Ya"*t a&% $oat Coa&y.

T*at >#&t !&to l!u!%at!o& a&% t*#& t*# &a# >as r#us#%. Y#s) "#rta!&ly or

t*# uros#s o t*# "eroni#oro"##%!&'s) $Y$,.

ast#r) >*at I >oul% roos# to %o !s =ust to 'o to so# o t*# #B*!+!ts to

ASTER ARSH- It >oul% ro+a+ly *#l to say t*at I *a


4/34

R. STONER- Y#s) I >!ll 'o t*rou'* t*# a&% ro+a+ly t*# +#st >ay) ast#r) I

"a& a;# y o!&t !s to 'o t*rou'* t*# #B*!+!ts. I I "a& !"; u !& t*# +u&%l#)

+#*!&% Ta+ 6) a&% t*#& I *a

at .6:.

ASTER ARSH- T*# rul# o +u&%l#s *as +##& o+l!'!&'ly ollo>#%. T*#r# ar#

t>o &u+#rs o& #ays *a# ar# 'o!&' to .6:

R. STONER- 4a'# 6: o& t*# ty#% # *a*!"*

t*# al!"at!o& !s a%#. T*# al!"a&t "la!s to *a


5/34

T*#& o*!"* al>ays

!s atta"*#% to su"* r##rrals. I #% &ot 'o t*rou'* all o t*!s) +ut you >!ll s##

t*# ro#rty !s t*#r# !%#&t!!#% a&% t*# al!"a&t !s !%#&t!!#% as t*# Coa&y)

"oa&y r#'!strat!o& 6889696) a&% t*# al!"a&ts l#'al or ot*#rr#r#s#&tat!*o >as t*#

"oa&y s#"r#tary a&% !t '!#ll t*at r. oor#s l#a%#% "as#)

!& ara.8

ASTER ARSH- (*#r# ar# >#

R. STONER- I >as &ot 'o!&' to ta;# you to t*# %o"u#&t.

ASTER ARSH- No) +ut t*# l#a%#% "as#) ara.8 o >*at

R. STONER- O t*# art!"ulars o "la!. I a sorry) t*# l#a%#% "as#.

4ara'ra* 7) I s*oul% say) !s t*at *# says o& ,&%ar"* ,007

ASTER ARSH- I t*!&; I a 'o!&' to *a


6/34

O& ,&%ar"* ,007 I >as a%# "oa&y s#"r#tary to $Y$ !& or%#r to

*a

T*#& !orta&tly) o*#& $( "*a&'#% sol!"!tors ro t*# !r o (r!'*t Hassall to t*at o

T/T Sol!"!tors.

So t*# r#aso& I 'o to t*at at t*!s o#&t !& t*# "*ro&olo'y o t*# %o"u#&ts !st*at !t !s r. oor#s l#a%#% "as# t*at *# t*#& *a&%l#% t*# $Y$ /a&%

R#'!stry al!"at!o& >*#& T/T "a# o& +oar%.

Go!&' +a"; to t*# tra!& o "orr#so&%#&"#) .58 o t*# +u&%l#) a'a!& a

r#lat!as t*# /o&%o& o!"# o $r!t!s* (at#r>ays t*at *a% o+=#"t#%) a&% ># ;&o>t*at ro .6:) +#"aus# t*# or!'!&al $16: >as s#&t) t*# a%%r#ss !s $r!t!s*

(at#r>ays t*#& t*# s#"o&% l! /o&%o& R#'!o&) +ut t*#r# !s &o s#arat#

l#'al #&t!ty o $r!t!s* (at#r>ays /o&%o&. I& a"t) t*at sa# #rror) as !t !s) !s

r##at#% o& .5: >*#r# t*#r# ar# or# %#ta!l#% %!r#"t!o&s. T*#& o& .73)

!orta&tly) t*#r# !s a urt*#r &ot!!"at!o& ro t*# A%=u%!"ator to H#r

a=#stys /a&% R#'!stry o!"# %at#% ,:t*ar"* ,008. T*# t!tl# a'a!& !s

$r#&tor% Ya"*t a&% $oat Coa&y /t%. ays /o&%o&) a&%

t*!s !s &ot!!"at!o& t*at t*# *#ar!&' >!ll ta;# la"# o& ,5t*S#t#+#r ,008 at

10.30. A'a!& I #*as!s# t*# al!"at!o& !s t*at +#t>##& $r#&tor% Ya"*t $oat Coa&y a&% $r!t!s* (at#r>ays. T*#r# !s &o su''#st!o& t*at r. oor#



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*as !&t#ray. T*#&) !& a"t) t*# Bt a'# !& t*# "l! !s sl!'*tly

out o sy&". It *as 'ot !&to t*# >ro&' la"#. It !s =ust &ot!!"at!o& o

r. oor# +#!&' ao!&t#% a %!r#"tor +ut t*at !s ,009. O& .75 t*#r# !s a l#tt#r

>*!"* !s ar;#% (!t*out r#=u%!"#. It !s ro T/T a&% !t !s a%%r#ss#% to

r. oor# +ut) as I *a& "as# !s t*at *#>as "orr#so&%!&' >!t* T/T o& +#*al o $Y$. It says *#r#-

Our "l!#&t >!s*#s to s#ttl# t*!s lo&' ru&&!&' att#r a&% t*#r#+y t*#

saays. T*#& !t "o&t!&u#s-

Our "l!#&t !s >!ll!&' to >!t*%ra> !ts o+=#"t!o& su+=#"t to oura'r###&t to &o or%#r +#!&' a%# o& t*# u#st!o& o "osts. 4l#as#

"o&!r >!t*!& 16 %ays o t*!s l#tt#r >*#t*#r you ar# >!ll!&' to

"o&"lu%# t*!s att#r o& t*!s +as!s.

T*#& o


8/34

ASTER ARSH- A&% !t !s N!'#l oor# >!t*out a %!r#"tor.

R. STONER- $ut t*# t>o o!&ts I a;# ar# t*at) as I say) r. oor#s o>&

l#a%#% "as# !s t*at *# >as) o&"# T/T >#r# o& t*# r#"or% or $r!t!s*(at#r>ays) *# sa!% *# *a&%l#% t*# $Y$ /a&% R#'!stry al!"at!o&.

ASTER ARSH- 4ara'ra* 8) y#s.

R. STONER- Y#s) a&% t*# ot*#r o!&t I a;# !s t*at t*# l#tt#r o& .75) alt*ou'*

!t !s >r!tt#& to r. oor#) !& y su+!ss!o&) !t !s la!&ly !& t*# "o&t#Bt o *!

+#!&' t*# "oa&y s#"r#tary a&% !t says-

$r!t!s* (at#r>aysK >!s*#s to s#ttl# t*!s lo&' ru&&!&' att#r a&%t*#r#+y saays. T*#r# !s &o !&%!

T*#& t*# !&al l#tt#r !& t*# "l! !s) !& a"t) a l#tt#r o 6t*Ju ,008. T*!s !s

>r!tt#& &ot +y r. oor#. It !s >r!tt#& +y G!ll!a& Ol"ay a&% a'a!& o&

$r#&tor% Ya"*t $oat Coa&y /t%. &ot#a#r. (# ;&o> ro t*at t*at s*#

!s o o t*# %!r#"tors. It !s to s. (!ll!as at T/T a&% !t says-

D#ar s. (!ll!as)

(# r#"#!!t*out r#=u%!"# l#tt#r %at#% 6t*Ar!l >*#r#!&

your "l!#&ts o#r#% to >!t*%ra> t*#!r o+=#"t!o&s ! ># a'r##% to &o

or%#r as to "osts.

4aus!&' t*#r#) ast#r) o "ours# I r##r to t*# ># as +#!&' t*!s l#tt#r +#!&'

"o&t#oraous) +#!&' a r#l#"t!o& t*at t*at >as u&%#rstoo% to +# a l#tt#r t*at>#) >*!"* ust +# $r#&tor% Ya"*t $oat Coa&y) *a% r#"#!as !#%!at#ly a'r##% to y#t so# >##;s lat#r &ot*!&' urt*#r

*as +##& *#ar%. It !s &o> so# t!# s!&"# r. oor# so;# >!t* you

a&% s!&"# *# last >rot# a &ot# u#ry!&' your "l!#&ts a!lur# to ollo>

u o& t*!s. I& total t>o o&t*s *a!t* &o >or% o "o&!rat!o&. (# ar# a>ar# t*#r# !s a ull $oar%

##t!&' o $r!t!s* (at#r>ays o& 13t*Ju) t*ou'* l#ss#r "o!tt##s)

!&"lu%!&' t*# 4ro#rty Co!tt##) *a


9/34

>oul% #B#"t to *#ar at t*# lat#st >!t*!& a >##; ro t*at %at# t*#

r#sults o t*#!r %#"!s!o& ! !&%##% t*#y truly >!ll +# "o&s!%#r!&' !t. I

># *a!ll *aas &ot s#r!ous a&% t*at ># >!ll *a#% to l#t t>o o&t*s o l#%'#% t*at you ##l t*at t*#r# !s l#&ty o t!# +ut t*#r#

!s a "o&s!%#ra+l# %!#r#&"# +#t>##& a o a& u&tutor#% arty a;!&'

su"* r#arat!o&s or t*# !rst t!# >!t*out +#!t o #B#r!#&"# or

a%!t* all

t*# r#sour"#s t*at #&ta!ls. (# trust ) #t".

ASTER ARSH- Ca& you =ust aus# t*#r# a o#&t

R. STONER- O "ours#. ?At#r a aus#@-

ASTER ARSH- It !s >r!tt#& to N. (!ll!as o T/T a&% at .75 t*# #a!l

a%%r#ss

R. STONER- Y#s) t*!s "orr#so&%#&"# !s >!t*) I a &ot sur# ! s. (!ll!as !s

a& asso"!at#. T*#r# >as a&ot*#r #rso& at T/T !&!ll

also &ot!"# !s N. A. (!ll!as.

ASTER ARSH- Y#s. You >#r# t#ll!&' # t*at (!ll!as "a# ro

R. STONER- I& a"t !t >as &ot (!ll!as >*o "a# ro (r!'*t Hassall. I t*!&;

!t >as T! Ro># a&% !t >as *!s !l#. I ;&o> "#rta!&ly &o>) a&% *# ay >#ll

*a# !s a artr at T/T so I assu# t*at *# *a%

su#ras %#al!&' >!t* t*# %ayto%ay

"orr#so&%#&"#.

ASTER ARSH- s. (!ll!as) y#s.



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R. STONER- Y#s. ast#r) t*at !s t*# "orr#so&%#&"# t*at ># *ar!tt#& +y r. oor# to t*# A%=u%!"ator. You >!ll s## t*at !t !s *#a%#%

$r#&tor% Ya"*t $oat Coa&y /t%. ays) a&% !t says to

t*# A%=u%!"ator-

T*a&; you or your l#tt#r o ,:t*ar"* &ot!y!&' us o t*# *#ar!&' or

t*# a+oays o& Ar!l 5t*. T*!s stat#% t*at

t*#!r "l!#&t >!s*#% to s#ttl# t*# a+o!t*%ra>!&' t*#!r

o+=#"t!o& su+=#"t to y a'r###&t to &o or%#r +#!&' a%# o& t*#u#st!o& o "osts.

Just aus!&' t*#r#) I o+!s* to s#ttl# t*# a+o

Coa&y) a&% !& t#rs o str!;!&' out) or !&%##% suary =u%'#&t)

r. oor#s o>& l#a%#% "as# !s t*at) !&soar as o&"# T/T >#r# o& t*# r#"or%)

as "oa&y s#"r#tary *# *a&%l#% t*# /a&% R#'!stry al!"at!o& >*#& $(

"*a&'#% sol!"!tors. (# say t*at t*at !s a+solut#ly t*# "as# !& r#lat!o& to t*!s

"orr#so&%#&"# >*!"* >as to s##; to aas t*# *#ar!&' o $r!t!s* (at#r>ayso+=#"t!o& to $r#&tor% Ya"*t $oat Coa&y /t%.s al!"at!o& o& t*# +as!s

o a%


11/34

ASTER ARSH- I *aas ou&% t*at you

*a% a#r t!tl# to so# la&%) %!% &ot *a!ll +# a&y %!sut# +#t>##& us) !s t*# la&% t*at you ar# r##rr!&' to !&

t*os# as a >!&%!&' u or%#r a%# +y r. R#'!strar

S!o&%s o& 11t*ar"* ,00:. It >as uo& t*# #t!t!o& o t*# $r!t!s*

(at#r>ays $oar%) a&% t*at >as !& r#s#"t o t*# u&a!% "osts t*at aros# ro

t*# "eroni#oa"t!o&.

ASTER ARSH- I >as sl!'*tly surr!s#% to s## t*at so#>*#r# !t >as sa!% !&t*# or%#r o L70)000. You "a&&ot >!&% u o& a& u&taB#% +!ll) "a& you

R. STONER- T*#r# >as a ay#&t o& a""ou&t or%#r#%) I +#l!#


12/34

ASTER ARSH- So !t !s ta;#& out o t*# usual

R. STONER- It !s ta;#& out o t*# o!"!al) >*at I st!ll ;&o> a&% I a sur# !t !s

>ro&') +ut t*# O!"!al R#"#!*at I ;&o> !t as. Y#s.

R. STONER- So !t !s ta;#& out o t*# a&% t*#& t*#r# ar# t>o rat*#r lo&' or%#rs

>*!"* s!ly %#al >!t* t*# a"t t*at t*os# !&%!

T*at !s !llustrat#% +y) ! I "a& as; you) ast#r) !rstly to 'o to .109) >*!"* !s a

S"*#%ul# ,A to t*# or%#r) a&% at t*# to o .109 you >!ll s## a l!st o

r#so&%#&ts) t*# !rst o >*o !s C*arl#s Ha!lto& Turr. You >!ll s## t*at

t*# or%#r r##rs to 188 "as#s +ut *!s > !r !s Va&t!s so *# !s l#a

!& la&%s"a#) =ust &u+#r 189) $r#&tor% Ya"*t $oat Coa&y) t*# #B!st!&'

ao!&t##s ar# !%#&t!!#% as 4atr!"; $oy%#& a&% C*arl#s Turr) a&% t*#

o&'o!&' ao!&t##s ar# t*#& !%#&t!!#% as N!"; R#!% a&% 4atr!"; $oy%#&. T*at

!s >*at t*# or%#r %o#s) !t +as!"ally su+st!tut#s r. R#!% or r. Turr. T*#&

r. $oy%#& >#&t t*rou'* t*# sa# ro"#ss a&%) as r#l#at#r*ous#Coo#rs a&% you >!ll &ot# t*at t*#r# !s o&ly !& a"t o

o&'o!&' ao!&t##) t*at !s R#!%. I& a"t) r. $oy%#& >as r#t!r!&'.

ASTER ARSH- 4a'# 1,1.

R. STONER- 4a'# 1,1) #Ba"tly. T*#& at .1,5 ># =ust *a


13/34

says- I a t*# l!u!%ator o t*# "oa&y) >*!"* !s %#!% as $r#&tor%

Ya"*t $oat Coa&y !& t*# t!tl# to t*# l#tt#r) a&% r##rr#% to t*# "la!

!ssu#% +y r. oor# o& 5t*Au'ust ,013 a'a!&st t*# Ca&al R!as s#&t a "oy o *!s "la! or a&% art!"ulars o "la!ro y !r r!or to t*# "la! +#!&' !ssu#% a&% I a a>ar# ro

CRTs sol!"!tors o t*# "la! *a

!& l!#u !& r#s#"t o a& all#'#% a'r###&t #&t#r#% !&to +#t>##& t*#

Coa&y a&% Ca&al R!r!t# to !&or t*# "ourt t*at)

!rstly) t*# Coa&y !s st!ll !& l!u!%at!o&M s#"o&%ly) I %!% &ot a&% %o

&ot "o&s#&t to t*# "la! +rou'*t +y r. oor#) a&%) t*!r%ly) I %o &ot at

t*!s sta'# >!s* to ursu# or a%ot t*# "la! +rou'*t +y r. oor# +utr#s#rar# o

y os!t!o&.

ast#r) I %o &ot t*!&; I #% to 'o t*rou'* !t !& a&y %#ta!l +ut) o "ours#) !&

a%%!t!o& to t*# u&%a#&tal o!&t a+out t*# "oa&y *a

#rso&al!ty

ASTER ARSH- Ca& you =ust aus# t*#r# a o#&t

R. STONER- Y#s.

ASTER ARSH- It says t*# "oa&y >as >ou&% u !& ar"* ,00:.

R. STONER- Y#s.

ASTER ARSH- I a try!&' to '#t y *#a% rou&% t*# %at#s *#r#. I t*ou'*t t*#

=u%'#&t

R. STONER- T*# =u%'#&t >as D#"#+#r ,009.

ASTER ARSH- So t*at >!&%!&' u >as r#tty rot.



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R. STONER- Y#s.

ASTER ARSH- ?At#r a aus#@- A*) you s## >*at >as !sl#a%!&' # >as

.7:) ! you loo; at t*# to o t*# a'#) !t says Dat#- Fr!%ay) 1,t*D#"#+#r

,00:.

R. STONER- You ar# u!t# r!'*t a&% t*at !s >ro&'. I t*!&; t*at >!ll +# "oo&

'rou&%. You "a& s## at t*# +otto t*# *#ar!&' %at#s ar# O"to+#r ,009 a&% !t

"#rta!&ly %!% &ot ta;# r. Do>%!&' ooul% +# a +ol% st# +y a D#uty to >a!t a y#ar to '!as st!ll a %!r#"tor at

t*# o!&t t*at $r#&tor% Ya"*t $oat Coa&y >as >ou&% u) u&%#r t*#

I&sol#rs "#as#% uo& t*# ao!&t#&t o t*# l!u!%ators. So

t*at >as or!'!&ally !& Ar!l ,00:.

T*#r# ar# a &u+#r o ot*#r l!s o %##&"#) ast#r) >*!"* you ay *a##& $r!t!s* (at#r>ays a&% $r#&tor% Ya"*t $oat Coa&y) a&% !

a&y+o%y !s to +r!&' t*# "la! &o> !t *as to +# $r#&tor% Ya"*t $oatCoa&y.

ast#r) '!oul% >!s* to say &o or# at t*!s o#&t !& t!#.

ASTER ARSH- 4a'# 1,9) >*at !s t*at

R. STONER- ast#r) t*# o&ly r#aso& t*at t*# last "l! !s !& >as at y r#u#st

+#"aus# y !&stru"t!&' sol!"!tor *a% *a% so# %!s"uss!o& >!t* t*# "ourt as to>*#t*#r) ! t*!s al!"at!o& >as u&su""#ssul) to%ay >oul% also +# us#% or t*#



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15/34

uros#s o a "as# a&a'##&t "or#&"#. T*#r# *as +##& &o oral

"o&!rat!o& o t*at) +ut I t*ou'*t t*at t*# +#st "ours# >as to *a#r#) !&%##%) t*# "ours#. y

u&%#rsta&%!&' !s t*at) su+=#"t o "ours# to t*!s al!"at!o&) t*os# !&stru"t!&' #

*a!t* t*!s > ro"#%ur#) a&% also a S"*#%ul# 9 A#&%!B H "osts suary.

T*os# >!ll o&ly trou+l# you) ast#r) !) !rstly) you %!s!ss t*# al!"at!o& t*!s

or&!&' a&%) s#"o&%ly) t*at !t t*#& 'o#s o& to "as# a&a'##&t.

ASTER ARSH- All r!'*t. T*a&; you as a "*o!"# t*at t*# sol!"!tors *a% *#r# a&% !t

>as ro t*at l#tt#r) as you "a& s##) !t >as &ot =ust a%%r#ss#% to # #rso&ally.

It >as a%%r#ss#% to y #rso&al a%%r#ss) &ot "ar# o t*# "oa&y. I& ot*#r

>or%s) !t >as a%%r#ss#% to "ar# o 4latyus) >*!"* !s t*# +oat t*at I l!as $r#&tor% Ya"*t $oat Coa&y

/t%.) "ar# o #!t* $a;#r) Coa&y S#"r#tary) 8 Ha!lto& Roa%) >*!"* >asst!ll t*# oral) ! you l!;#) r#r#s#&tat!o& or t*# "oa&y !& %#al!&' >!t* t*!s

att#r. r. Stor *as a%# s#r!tt#& %##&"# a+out y

!&!t!al &o&!&as %#al!&' >!t* # #rso&ally. I& art !t >as +#"aus# s*# >as

a>ar# o y !&as u+l!s*#% !& +ot* t*# &at!o&al r#ss a&% t*#



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16/34

>at#r>ays r#ss. I >as also s!tt!&' o& t*# /o&%o& ayors Co!tt## or

$lu# R!++o& N#t>or; ol!"!#s >*#& *# >as %ra>!&' u t*# /o&%o& 4la&) a&%

I >as s!tt!&' o& t*at "o!tt## alo&'s!%# $r!t!s* (at#r>ays /o&%o& %!r#"tor.

It >as t*# /o&%o& %!r#"tor >*o >as ost #rso&ally !&*y !t "o#su as $r!t!s* (at#r>ays /o&%o&) +#"aus# !t >as +#!&' %#alt >!t* o*y I >as

a%%r#ss#% #rso&ally a&% %!r#"tly rat*#r t*a& 'o!&' t*rou'* t*# "oa&y)

%#s!t# t*# a"t t*at) o "ours#) y#s) I >as s#"r#tary o t*# "oa&y a&% I >as

a"t!&' to *#l t*# as I >as a&y ot*#rs.

I >oul% a;# a &ot# t*at ! $r#&tor% Ya"*t $oat Coa&y !s) as !so+oul% say t*at !s +#"aus# !t >as ut !&to t*at os!t!o& >ro&'ully !&

a"t!o&s ta;#& !&

"orr#so&%#&"# >*#& t*#y too; all t*# a#rs oar% #&%y) at

>*at#as) +#"aus# Ho>ar% #&%y *a% all t*# a#rs ro T/T

Sol!"!tors. O& !ss (r!'*ts #B*!+!t) so#>*#r# s*# *as a %!s"losur# ?At#r

a aus#@- Ta+ 5) !s !t T*a&; you) r. Stor. Y#s) .139) t*#r# !s t*#

"orr#so&%#&"# +#t>##& T/T Sol!"!tors a&% $Y$C /t%.r. oor# a&% t*#

*!stor!" a#r !l#s o T/T Sol!"!tors) &o> *#l% +y S*oos!t*s. T*#y >!ll all

*a

a u#st!o& as to >*#t*#r t*#!r "l!#&t s*oul% +# #r!tt#% to "o&t!&u# to #&=oy

r##%o ro t*# "o&s#u#&"#s o a >ro&'ul a"t!o& ta;#&) a!lur#s to %!s"los#

!&orat!o& t*at t*#y *a% a %uty to %!s"los#) >*!"* a"tually *as "aus#% a

%#tr!#&tal loss +ot* to t*#!r "l!#&t a&% to $r#&tor% Ya"*t $oat Coa&y.

T*at !s +y >ay o a& o+s#r



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17/34

t*at t*# a'r###&t >as a%# >!t* #) as so#+o%y >*o >as "aa+l# o

#&sur!&' t*at !t >as u*#l% o& $Y$s art.

I t*!&;) r#'ar%!&' t*# "o#&ts t*at r. Stor >as a;!&' r#'ar%!&' t*#

urt*#r l#tt#r +y s. Ol"ay) as %!r#"tor o t*# "oa&y) t*at "a# so#>*atlat#r) I +#l!##ll) t*at !s $( a"t!&' as I *aor%. (!t*out ;&o>!&' o t*#

l#'al r#"ours# I *a%) I #lt a +!t *#ll#ss a&% s>!&'!&' !& t*# >!&%. T*# a"t o

t*# att#r !s) *o>#*!"* I say "a&&ot +# "*a&'#% u&!lat#rally at#r t*# #as o!&t!&' out) +#"aus# ># >#r# *a!t* t*# %!sut#s orot# +a"; a&% sa!%)

(#ll) T/T Sol!"!tors "oul% &ot *aays.

T*#y "oul% o&ly *aays $oar% t*at aut*or!s#%

t*# o#r !& t*# !rst la"#. T*#y %!% &ot #% to *a


18/34

ro T/T l#tt#rs t*at !t r#u!r#% s!'&!&' o +y t*# $oar% a&% !t >as su+=#"t to

t*# $oar% aroas >ro&' +#"aus# !t >as %#&!#% +y t*# C*a!ra& o

t*# $oar%.

T*at a"tually %o#s s#a; to so#t*!&' t*at I >a&t#% to !"; u ro .6 or. Stors s;#l#to&) >*#r# *# says-

So t*# "ourt !s a>ar#) t*ou'* &ot r#l#!t*out r##r#&"# to

t*# "orr#so&%#&"#. T*#r# !s a "oul# o !ssu#s *#r#. I& t*# !rst la"#) I say !t

!s als# as to a"t. O *as to as; >*o >#r# t*#s# u&a>ar# r#l#*o >#r# !&stru"t!&' S*oos!t*s a&% *o> "oul% t*#y *a!t* t*# "*a!ra& o t*#

+oar% r!or to t*!s tr!al 'o!&' a*#a%. T*at >as ""% to Ro+!& E

t*# o#r to +# a%#. So ! t*#y >#r# &ot arou&% a&% !t >as %!#r#&t #ol#) !&

a %!#r#&t %#art#&t) t*#& !&stru"t!&' S*oos!t*s) >*o o& #art* "oul% t*#s#

#ol# *a "oul% t*#y *a !t !s t*at S*oos!t*s t*#s#l*o %!% *a

suos!&' t*#y >#r# !'&ora&t. As !t *a% +##&) I >oul% say to %o so >*#&

!&stru"t!&' "ou&s#l. So I t*!&; r. Stors #Bla&at!o& ra!s#s rat*#r or# t*a&

u#st!o&s t*a& a&s>#rs a&% t*# !ssu#s ra!s#% +y t*os# u#st!o&s ar# o so#

s#r!ous !ort) +#"aus# ! t*# #Bla&at!o& !s "orr#"t t*#& *!s !&stru"t!&'

sol!"!tors >!t**#l% *!l# ;&o>!&') as I *a% &ot ;&o>&) t*at t*!s !&orat!o& #a&t t*at $Y$ *a%



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19/34

+##& oss#ss#% o a !&%!&' u ro"##%!&'s +y trut*ully ass#rt!&' t*at t*# *at >as

o>#% to $Y$ +y $() as !& t*# as

!'&ora&t) a&% t*# ot*#r o!"#rs o t*# "oa&y >#r# !'&ora&t) t*at t*!s >as t*#

"as#. I >oul% say t*at #!t**ol%

!&orat!o& o *as a %uty to %!s"los# >!t* t*# !&t#&t to 'a!& a%& +#*al I say "a&&ot +# us#% to s*a";l# y !&%##&%#&t

a"t!o&s o& t*#!r +#*al. (# "a&&ot +# s#arat# l#'al #rso&s or o uros#

a&% &ot t*# ot*#r.

T*# o&ly ot*#r t*!&' t*at I r#ally t*!&; t*at I a !& a os!t!o& to a%%r#ss at t*!s

sta'#) a&% !& t*!s art!"ular *#ar!&') !s t*!s r#u#st or a r#stra!&t or%#r +#"aus#

I t*!&; !t !s a l!ttl# r!"* to "la! t*at y "la! !s totally >!t*out #r!t >*#& !t

>as r. Stor >*o !rst !%#&t!!#% or # t*# ot#&t!al "la! !& t*# !rst la"#

a&% >*#& *!s r!ary %##&"# !s o& >*at I say !s a t#"*&!"al so*!stry o!t* >*at I >oul% "all

#Ba"tly "l#a& *a&%s or a r#"or% o su""#ssul l!t!'at!o& a'a!&st #. T*#y ar#r#a!&!&' u&trou+l#% +y t*# a"t t*at t*#!r "l!#&t "#rta!&ly %#"#!

t*# A%=u%!"ator >!t* a stat##&t o "as# "la!!&' t*at !t rors*! o all t*# la&% !& u#st!o& !& t*!s "la!. I& ot*#r ro"##%!&'s

r. S*#*#r% a";&o>l#%'#% t*at !t >as >ro&' o (r!'*t Hassall to >r!t# t*at

l#tt#r to t*# A%=u%!"ator. T*# a"t !s !t 'o#s +#yo&% t*# l#tt#r to t*# C*!#

R#'!strar. It >as ut !& as t*# or#ost +a";!&' o $(s "la! !& l#a%!&'s

+#or# t*# A%=u%!"ator !& t*!s "as# t*at t*# a'r###&t !s



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20/34

ASTER ARSH- T*# "ross*at"*!&' %o#s loo; rat*#r l#ss at) %o#s !t &ot

T*# "ross*at"*!&' o& t*# la&% !s %ra>& >!t* a rul#r a&%

R. OORE- Y#s) !t !s %o or# !& r##*a&%. (*#& you *aas

us#l#ss or >*at I >a&t#% +#"aus# I *a% >a&t#% to r#a% a&&otat!o&s r#lat!&' toot*#r t*!&'s.

ASTER ARSH- O;ay.

R. OORE- $ut a&y>ay.

ASTER ARSH- I "a& s## >*y you ar# us#t a+out t*at a&% I *a#

say) t*# r#lat!*at I #a&

ASTER ARSH- I %o.

R. OORE- As I *a


21/34

or "ost!&' t*#!r "l!#&t) $r!t!s* (at#r>ays) so# L7)500 !& o!&tl#ssly

r#s!st!&') o& t*#!r a%

>#r# #rs to ##r# s#roul% +# s#!#% a&% %!sos#% o. I *a% >r!tt#& to

r. Jo*&so& r#tty >#ll rotly a&% sa!%) you ;&o>) T*!s !s so#t*!&' you

ar# &ot #&t!tl#% to %o. (# ar# o& a u+l!" r!'*t o &a

r!rot# +a"; a&% sa!%) You *aay) *# >as &ot r#ar#% to %!s"uss !t a&y urt*#r. I too; u

t*#s# %##&s!#r# !ll#'al a&%) as I say)

>!t* o t*!&' or a&ot*#r t*!s %ra''#% o& ro ,008 a&% "o&"lu%#% #arl!#r t*!s

y#ar) F#+ruary t*!s y#ar. T*# a"t !s t*at all t*at uart#r o a !ll!o& ou&%s

t*at t*#y *a#r# a%# #oul% &ot a""ol!s* t*# uros# a&y>ay. I *a


22/34

o Fos"ot# !#%!at#ly as;#% # to ost *! a *ar% "oy to t*# Hous# o

/or%s) >*!"* I %!% t*# sa# %ay. I #a!l#% t*# sa# r#ort to t*# (at#r>ays

!&!st#r to !&% t*at t*#r# *as +##& a r#s*ul#) a&% I >as a&s>#r#% +y a D#ra

r#r#s#&tat!*o su''#st#% I "o&t!&u# %!s"uss!o& >!t* t*# EB#"ut!*at

t*#y tol% you t*#y >#r# 'o!&' to) >*!"* !s >!t*%ra> t*#!r o+=#"t!o&) t*#

A%=u%!"ator >oul% st!ll *a

R. OORE- No. No) I "a&&ot r##+#r >*!"* o o t*#s# l#tt#rs. $#"aus# t*#

$r!t!s* (at#r>ays $oar% >#r# t*# o&ly o+=#"tor) t*# l#tt#r t*at) or #Bal#)

t*# /a&% R#'!stry or>ar%#% to t*# &ot!y!&' t*#) sa!% t*at ! t*#y %o &ot

o+=#"t !t >!ll 'o stra!'*t a*#a%. Ha!t* r. oor#

t*at t*#r# >!ll +# &o or%#r or "osts) t*#& t*# al!"at!o& >oul% *a# ar#. T*# s#"o&% o!&t)

I =ust >a&t#% to s## >*at

R. OORE- T*# ot*#r t*!&' I >oul%

ASTER ARSH- T*#r# >as aut*or!ty r#"#&tly o& t*# u#st!o& o >*#t*#r you

"a& >!t*%ra>. T*at !s t*# o!&t.

R. OORE- I s##.



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23/34

ASTER ARSH- $ut your !s t*at t*#y "oul% *aas =ust t*at !& *!s #st!at!o& t*#r# >as !&su!"!#&t t!# o t*at to

*al#%'# t*at ro t*# o#&t) as

*# sa!%) >*#& ># lo";#% t*# 'at#s) t*os# o us t*#r# >#r# *#l% t!tl# 'oo%

a'a!&st all t*# >orl% sar a&% or u"* o t*# +a&; a&%

t*# #&tra&"# t*at >as &ot $r!t!s* (at#r>ays. (*at I >oul% *ao *ours. I *ao "*o!"#s. (# #!t*#r a%=our& u&t!l 6

o"lo"; or so soo& t*#r#at#r as I !&!s* t*# %ay or ># a%=our& to a&ot*#r %ay.

No %ou+t you >a&t to say so#t*!&' !& a&s>#r

R. STONER- I %o a&% =ust !& o s#&t#&"# +#"aus# I ;&o> r. oor# #ll

ro t*# ro"##%!&'s a&% I *aas sa!% !s t*at I

as; or) ! t*# "la! !s stru"; out) u&%#r t*# C4R) !& y su+!ss!o&) !t s*oul%+# !%#&t!!#% as +#!&' >!t*out #r!t. T*at u&%#r t*# C4R t*#& o+l!'#s t*#

"ourt to "o&s!%#r t*# u#st!o& o >*#t*#r a r#stra!&t or%#r I& a"t) !& y

su+!ss!o&) t*!s >oul% &ot +# aror!at# +#"aus# !t !s o&ly a l!!t#% r#stra!&t

or%#r t*at t*# "ourt "oul% or%#r ollo>!&' o& ro t*at !& r#lat!o& to t*#s#

ro"##%!&'s a&% o *as to *ao "la!s >*#r# !t *as +##& %#t#r!% &ot

to +# totally >!t*out #r!t. I say t*at +#"aus# I #ar t*at so#t*!&' !& y

s;#l#to& *as s#t a *ar# ru&&!&'. I >!s*) !& t*# "!r"usta&"#s) r. oor# *a%

#a!l#% #) as *# *as o& ot*#r o""as!o&s) to as; or a& #Bla&at!o& +ut I =ust

>a&t#% to a;# t*at o!&t +#or# ># +r#a;) t*at y "l!#&t !s &ot s##;!&' ar#stra!&t or%#r a'a!&st r. oor#.



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24/34

ASTER ARSH- All r!'*t. (*at %o you >a&t to %o) '#&tl##& Do you >a&t

to ta;# a ru& at 6 o"lo"; a&% s## >*#t*#r ># "a& !&!s* +y t*#&

R. STONER- I a !& r. oor#s *a&%s) s!r.

R. OORE- I >oul% r##r "o!&' +a"; at 6.00 rat*#r t*a& a&ot*#r t!# +#"aus#

I a 'o!&' to +# t!#% u !ll +#


25/34

a%# >!t* # as a #rso& to u*ol% t*# a'r###&t o& $r#&tor% Ya"*t

$oat Coa&ys art a&% lat#r a%# as a& #&a+l!&' #rso&. I& y

su+!ss!o&) y /or%) t*at !s &o a&s>#r to t*# a"t t*at >*at t*os# t>o l#tt#rs

%o !s) ! t*#r# !s a&y "o&tra"t as I say) or t*# uros#s o to%ay o&ly) t*#& l#t

us assu# t*at t*#r# !s a "o&tra"t t*at >as +#t>##& $r#&tor% Ya"*t $oatCoa&y a&% $r!t!s* (at#r>ays. T*# +#st !llustrat!o& o t*at !s o =ust

s!ly *as to as; r*#tor!"ally) (*at >as t*# a'r###&t or) a&% t*#

a'r###&t >as to "oro!s# ro"##%!&'s !& t*at ro ot*#r ro"##%!&'s +ut)

as *!s o>& "la! stat#s) *# >as *a&%l!&' $r#&tor% Ya"*t $oat Coa&ys

/a&% R#'!stry al!"at!o& as "oa&y s#"r#tary) a&% t*at !s >*y $r!t!s*

(at#r>ays >rot# to *!. T*#r# *as +##& &ot*!&' r#ally o#r#%) !& y

su+!ss!o&) at all +y >ay o a& #Bla&at!o& as to >*y !t !s sa!% t*at t*# "o&tra"t>as >!t* r. oor# a&% &ot >!t* $r#&tor% Ya"*t $oat Coa&y as to >*y

*# !s a arty. I *# !s &ot a arty t*#& t*!s "la!) !& y su+!ss!o&) *as to a!l

o& t*# u&%a#&taloss ! Harbottler!&"!l#s.

ast#r) t*#r# >#r# a &u+#r o all#'at!o&s a%# !& r#lat!o& to as !& ro&t o r. Just!"# H!l%yar%) a&% r. oor#s s;#l#to&

ar'u#&t +#or# you says- R##rr!&' to t*# T/T "orr#so&%#&"# #B*!+!t#%)

r. Stor >rot#) a&% *# uot#s- T*# "orr#so&%#&"# r##rr#% to a+o*!"* o#r >as a""#t#%. T*#& ara.57 #*as!s#s) a&% says- T*# aut*or)

&a#ly ys#l) a&% t*os# !&stru"t!&' *!) &a#ly S*oos!t*s) >#r#

s*o";#% to s## t*!s "orr#so&%#&"# &ot l#ast +#"aus# s!ly &o r##r#&"# >as

a%# to t*# sa# at t*# tr!al. Furt*#ror#) t*# r#l#


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t*ou'* t*# "a&al +a&; >as &ot %!r#"tly a& !ssu# !& t*# a"t!o& +#or# r. Just!"#

H!l%yar%) t*# st# >as ta;#& to r##r t*# att#r a&% +r!&' !t to t*# "ourts

att#&t!o&) to #*!"* >as t*rou'* t*#

#%!u o y s;#l#to& ar'u#&t. I +#l!#as so# r##r#&"# to !t

%ur!&' t*# "ours# o t*# tr!al as >#ll) alt*ou'* I "a&&ot &o> +# "#rta!& o t*at.O "ours# t*at >as t*# tou"*sto uo& >*!"* r. oor# says t*at *#

"o&s!%#r#% t*# >or%s) a&%) !& art!"ular) t*# a"t t*at I ut s*o";#% !& y

s;#l#to& ar'u#&t) a&% *# *a% t*#& 'o a&% 'oo'l#% o#r a&% a""#ta&"#)

a&% t*at >as t*# tou"*sto or t*!s "as#. So I =ust >a&t#% to r#so&% o& t*at.

I a &ot 'o!&' to r#so&% to so# o t*# >!l%#r a""usat!o&s !& r#lat!o& to t*#

"o&%u"t o t*os# !&stru"t!&' #.

I #&t!o% +#or# lu&"* t*at y "l!#&ts >#r# &ot s##;!&' a r#stra!&t or%#r.

I *aas a%# a'a!&st a&ot*#r l!t!'a&t !& #rso& >*o *a%

+rou'*t as #a&!&' !& y s;#l#to&

>as t*at) u&%#r rul# 3.6 o t*# C!!t*out #r!t

?a@ t*# "ourt or%#r ust r#"or% t*at a"tM a&%

?+@ t*# "ourt ust at t*# sa# t!# "o&s!%#r >*#t*#r !t !s aror!at# to

a;# a "!

(# say) +#"aus# t*!s !s a u&%a#&tal o!&t) ! ># ar# r!'*t !t >oul% +# stru";

out a&% !t >oul% +# totally >!t*out #r!t a&% t*# "ourt or%#r s*oul% r#l#"t t*at

a"t. T*# C4R r#u!r#s t*# "ourt !ts#l to t*#& at t*# sa# t!# to "o&s!%#r

>*#t*#r !t !s aror!at# to a;# a "!

"l#ar o& t*at t*!s or&!&') t*at ! a&% !&soar as) ast#r) you *a% tur% to #)

!t s##s to # t*at u&%#r t*# t#rs o t*# 4ra"t!"# D!r#"t!o& !t >oul% +#!&aror!at# to a;# su"* a r#stra!&t or%#r +#"aus# a l!!t#% r#stra!&t or%#r !&

t*!s "la! ?a&% I t*!&; r. oor# a%# t*# o!&t to #) t*at t*# "la! >oul%

+# stru"; out o& t*at +as!s a&y>ay) >*!"* !s a a!r o!&t@ r#u!r#s u&%#r t*#

4ra"t!"# D!r#"t!o& t*at a arty *as a%# t>o or or# al!"at!o&s >*!"* ar#

totally >!t*out #r!t) a&% t*at !s &ot t*# "as#. So ># %o &ot '#t ast t*# !rst

su+ara'ra* o t*# 4ra"t!"# D!r#"t!o&. So I =ust >a&t#% to "lar!y t*at.

T*# ot*#r o!&t t*at I =ust >a&t#% to r#ly o&) #&t!o& >as a%# t*!s or&!&'

o t*# a"t t*at t*# l!u!%at!o& o $r#&tor% Ya"*t $oat Coa&y ollo>#%r#lat!


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t*at) t*# ro"##%!&'s !& ro&t o r. Do>%!&' C) s!tt!&' as a D#uty) ar#

;&o>& as t*# "eroni#oro"##%!&'s +#"aus#) as *# r#"or%s !& *!s =u%'#&t) !&

a"t) G#ro&!o) >*o >#r# %##r# t*# !rst "la!a&t. T*#y s#ttl#%

t*#!r "la! as a'a!&st $r#&tor% Ya"*t $oat Coa&y a&% t*# t#rs o t*at

or%#r >#r# !& #

Coa&y) so ##r#

u&a+l# to ay t*#!r %#+ts) t*#r# >as "l#arly a "as# to !&!t* t*# To#linor%#rM

G#ro&!o >oul% a'r## to &o o+=#"t!o& to t*# $Y$ "la!) a&% t*# A%=u%!"ator

or%#r#% $Y$ to +# r#'!st#r#% t!tl# to t*at ro#rty. T*#r# !s a+out 80 ##t o

r!!t*!& (or;*ous# Do";) so t*at !s >*at I a su+!tt!&' >oul% *aays !& >*!"* t*# att#r "oul%

*a!t* "eroni#o) t*at o s!%# or ot*#r

"oul% *aay.

ASTER ARSH- T*#y a!% or !t) so to s#a;. You 'ot t*# t!tl#) t*# $Y$ 'ott*# t!tl#) a&% t*#& G#ro&!o +ou'*t !t

R. OORE- No) tra&s#rr#% or &o "o&s!%#rat!o&.

ASTER ARSH- I s##.

R. OORE- T*#r# >#r# a ult!tu%# o #l##&ts >!t*!& t*# To#linor%#r.

ASTER ARSH- Y#s) I "a& +#l!#


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R. OORE- Y#s. T*at >as t*# !&t#&t a&% t*#r# >#r# ays !t "oul% *a!t* t*at To#linor%#r !s t*at G#ro&!o

r#"o'&!s#% t*at t*#r# >as) !& "oro!s!&' t*!s +us!ss >!t* $r#&tor% Ya"*t

$oat Coa&y) t*at I >as +ot* a& !&%!

+#"aus# !t ay &ot *ar!t!&' to t*# "ourt a&%

r#s#r r#s#t t*# "lo";) t*# statut# o l!!tat!o&s >!ll !&

a"t +ar t*# ro %o!&' so. So t*# ot!o& or t*# to +r!&' a& a"t!o& o&

+#*al o t*# "oa&y a'a!&st t*# Ca&al R!ar#)

>oul% &ot +# oss!+l# as t*#y s## to t*!&;.

ASTER ARSH- $#"aus# t*#y ar# 'o!&' +a"; to a l#tt#r !& ,010.

R. OORE- Y#s. I >oul% say t*at t!# >oul% ro+a+ly ru& ro Ho>ar%

#&%ys &ot!"# t*at t*#y >#r# 'o!&' to ta;# ooul% t*!&; t*at t*at

>oul% ro+a+ly +# t*#

ASTER ARSH- All r!'*t.

R. OORE- I "all#% !t a&t!"!atory +r#a"*) a&% t*at >as S#t#+#r ,008. T*#

y#ars 'o +y.

ASTER ARSH- Y#s) t*#y %o alas.

R. STONER- ast#r) =ust o& t*at o!&t) our l#a%#% "as# I %o &ot t*!&; !t !s

a"tually r#l## *a


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R. STONER- Y#s. I& t>o sta'#s) ast#r) !& t*# s#&s# t*at !rstly I aly or a&

or%#r t*at r. oor# ay t*# Ca&al R!*!"* !s o+

all t*# +a";'rou&% !t >oul% t*#r#or# *aas &ot ;&o>& u&t!l at#r t*# %##&"# or t*# l#tt#r

t*at "a# t*rou'*. T*# %##&"# !s %at#% 6t*S#t#+#r a&% t*# l!u!%ators

l#tt#r !s %at#% ,5t*S#t#+#r. T*# l!u!%ator r##rs to t*# %##&"#) *a


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a&s>#r to t*at >as t*#& 'o!&' to +# a"tually t*# l!u!%ator "o#s or>ar% a&%

>!s*#s to +# su+st!tut#%.

ASTER ARSH- All r!'*t. A&yt*!&' or# r. oor#

R. OORE- Ar# you as;!&' # or

ASTER ARSH- I you >a&t to say a&yt*!&' a+out t*# r!&"!l# o >*#t*#r you

s*oul% or s*oul% &ot ay "osts a&%) s#"o&%ly) *o> u"*.

R. OORE- T*# a!& t*!&' t*at I "oul% say !s t*at t*!s >as al>ays so#t*!&'

t*at >as o#& to %!s"uss!o&. I *aas # "oul% *a

t*#r# >as t*# oortu&!ty to s!t %o>& a&% tal; a+out !t. I %!% ta;# t*# st# o

s#&%!&' t*# "ourt &ot!"# to t*at ##"t to t*# C*!# EB#"ut! &o #r!t !& a& alt#r&at!as t*at

ASTER ARSH- You s*oul% *a*#& you ar# %o.

R. OORE- I a &ot r#ally sur# >*y t*#r# s*oul% +# a&y >or; %o o&

%o"u#&ts >*#& t*# +as!" %o"u#&ts >#r# t*# l#tt#rs t*at t*#y *a% sul!#%

+y #. (*y !s t*#r# arly L,)000) ! t*at !s r##rr!&' to %o"u#&ts T*!s !s

o& t*# s#"o&% a'#.

ASTER ARSH- I >!ll as; r. Stor t*at !& a !&ut#.

R. OORE- Ot*#r t*a& t*at) ast#r) I %o &ot *a*at !s

r#aso&a+l# or >*at !s &ot. As I >rot# to s. (r!'*t) y +as!" os!t!o& !s t*at!t all s##s #B"#ss!ay) +ut I "a&&ot +# or# s#"!!" as to >*at !s



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31/34

r#aso&a+l# a&% &ot r#aso&a+l# !& t#rs o sol!"!tors "oly!&' >!t* t*!s sort o

or. All I "a& say !s) !& a '#ral s#&s#) t*at ! t*# +as!" "la! >*!"* t*#y

su""##%#% o& >as t*at I >as s!ly t*# >ro&' arty) t*#& t*# *u'# +ul; o t*!s

#% &ot *a*#& t*#r# !s t*at rat*#r u&%a#&tal

r#!s# a&% !t !s a& all or &ot*!&' "as#. I %o r##r to t*# a"t t*at) !& a"t) !& t*##a!ls #B*!+!t#% to r. oor#s art!"ulars o "la! ?t*at !s .8 o t*# +u&%l#@

t*at a& #a!l ro t*os# !&stru"t!&' #) as lo&' a'o as ,1stNo!ll s## +y t*# u#r u&"**ol# !t says- O& ,1st

No!&' you. U#r u&"**ol#

R. STONER- $y t*# u#r u&"**ol#) !#%!at#ly to t*# r!'*t o t*# u&"*

*ol# !t says N!'#l oor#) t*#r# !s a s*ort #a!l at t*# to) a&% =ust +#lo> t*at

!t says- O& ,1stNo*at l#'al "aa"!ty you

>oul% s##; to +r!&' su"* a "la!) t*at !s >*#t*#r !& your o>& &a# or

!& so# "aa"!ty as a r#r#s#&tat!*!"* "oa&y) as you

ar# a>ar#) !s "urr#&tly !& l!u!%at!o& As I u&%#rsta&% !t) t*# a%as a "la! a%# +y$Y$C a&% &ot +y you as a& !&%!

u&%#rsta&% t*at) t*#r# !s a %#ta!l#% +r#a;%o>& r!'*t at t*# +a"; o t*# s"*#%ul#+ut t*# >or;!&' o& t*# %o"u#&ts) o "ours#) !s) or #Bal#) "o!l!&' t*#



,:

1

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32/34

%o"u#&ts or t*# uros#s o t*# >!tss stat##&tM r#a%!&' t*# r#l##tal; You ar# say!&' t*at you ar# #r#"tly #&t!tl#% =ust to say) It !s a& all or

&ot*!&' "la!. I a &ot 'o!&' to tal;

R. STONER- I t*!&;) as I u&%#rsta&% !t) t*# l#tt#r to t*# > C*!# EB#"ut!as a

or# '#ral !&as >r!tt#&

r. oor# >!ll "orr#"t # ! I a >ro&' +#or# t*at !&%!

os!t!o&) a&% *# >rot# +a"; a&% sa!% *# >oul% loo; at t*# s!tuat!o& o&"# *# *a%ta;#& *!s o!"#. It ay *aar# o a&y ##t!&' ta;!&' la"#.

R. OORE- I "a& "lar!y t*at) r. Stor. It %!% "o*#& *# too; u *!s o!"# I >rot# to *! a&% *# "a# +a"; a&% sa!% t*at *#

sa> &o #r!t !& alt#r&at!as

R. STONER- I a sorry) I *a*!"*

says

ASTER ARSH- Ha*#r# *# says at t*# to o t*# a'#-

T*a&; you or your #a!l a&% >or%s o >#l"o#. I !rly +#l!# o& t*!s!ssu# t*# C*!# EB#"ut!


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+##& s#t out oo y#ars a'o) or alost t>o y#ars a'o) I a ara!%) !&

"orr#so&%#&"# say!&') I t*#r# !s a "la!) r. oor#) !t !s &ot yours. It !s t*#

"oa&ys. T*#& o& 5t*Au'ust) o "ours#) t*!s "la! >as !&st!tut#%.

R. OORE- Just to "lar!y) t*# #a!ls t*at I a r##rr!&' to &o> ar# &ot atta"*#%*#r# +#"aus# t*os# latt#r os >#r# at#r t*# !ssu# o t*# "la! a&% >*#& >#

'ot t*# "ourt say!&') You *a*#& a& ADR s*oul%

ta;# la"# sur#ly

R. OORE- T*at !s >*at ># ar# "o&"#r% >!t* *#r#.

R. STONER- A'a!& I 'o +a";. T*#r# !s a& o*at ># *a% *#r#) !& y su+!ss!o&) *#r#) >*#& t*!s !ssu# >as !rst ra!s#%) t*os# !&stru"t!&' # +a";

!& ,011 ol!t#ly +ut !rly) !& t*# #a!l I *aoul% *aro&' or r. 4arry) >*#& *# >as r#ar#% to

##t !& r#lat!o& to ot*#r !ssu#s a&% %!s"uss!&' '#rally) to o#r a& ol!*at s##s a& !&tra"ta+l# %!sut# +#"aus# o t*# os!t!o&

o t*# r#l#*#& t*#r# >#r# ro"##%!&'s o& oot a&% a str!;# out

al!"at!o& to +# *#ar%. I& a"t) o "ours#) !& t*# allo"at!o& u#st!o&&a!r#

or'!as a!&ta!%. It !s .13,. T*# r#aso&s t*#r# or

&ot s##;!&' s#ttl##&t at t*at sta'# !s) T*# %##&%a&t %o#s &ot "o&s!%#r t*at

t*# "la!a&t *as a&y "aus# o a"t!o& as


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r#s#"t o t*!s al!"at!o&. I t*!s al!"at!o& *a% a!l#% t*#& t*at >oul% *a

Attach 4 Moore v Canal River Trust (30.10.13) (Pro)

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Transcript of Attach 4 Moore v Canal River Trust (30.10.13) (Pro)