Mahony, Public Officer of The National Bank, v The Official Liquidator of The East Holyford Mining Company Ltd

JurisdictionIreland
Judgment Date12 July 1875
Date12 July 1875
CourtHouse of Lords (Ireland)

House of Lords.

MAHONY, PUBLIC OFFICER OF THE NATIONAL BANK,
and

THE OFFICIAL LIQUIDATOR OF THE EAST HOLYFORD MINING COMPANY (LIMITED).

Bell, Brodrick, & Gray L. R. Week. N. 1875, p. 177.

Bankers — Company — Directors.

THE IRISH REPORTS. [I. R. Mr. C. P. Butt, Q. C., and Mr. C. J. Mathew, for the clerk of the markets. Mr. Benjamin, Q. C., Mr. Exham, Q. C. (of the Irish Bar), and Mr. Gates, Q. C., for the Respondent. THE LORDS were of opinion that the construction put upon the words of the Act in the Courts below was correct, and that the judgment must be affirmed. Agents for the Plaintiff in error : Pritchard 8f Sons. Agents for the Defendants in error : Brundrett, Randall, 4- Govett (1). - H. L. (HOUSE OF LORDS.) 1875. July 12. MAHONY, PUBLIC OFFICER OF THE NATIONAL BANK, v. THE OFFICIAL LIQUIDATOR OF THE EAST HOLY-FORD MINING COMPANY (LIMITED). Bankers-Company-Directors. APPEAL against the decision of the Court of Exchequer Chamber (Ir. R. 7 C. L. 169), reversing the judgment of the Court of Common Pleas (Ir. R. 5 C. L. 508). The Liquidator of the Mining Company had brought an action against the public officer of the Banking Company to recover a sum of £3970 at one time standing in the Banking Company's books to the credit of the Mining Company. This sum was comÂposed of sums paid. by persons who had applied for shares in the Mining Company. The case was treated as depending on...

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1 books & journal articles
  • REFLECTIONS ON THE COMPANIES (AMENDMENT) BILL NO. 36/98
    • Singapore
    • Singapore Academy of Law Journal No. 1998, December 1998
    • 1 December 1998
    ...and the purchaser’s buy order are ‘matched’ at the agreed price. 40 (1856) 6 E & B 327; also see Mahony v East Holyford Mining Co Ltd(1875) LR 7 HL 869. 41 For such general statements regarding the exercise by directors of their powers, see Re Smith & Fawcett Ltd[1942] Ch 304; Hogg v Cramph......