NOT LIABLE.
The trustees in the estate of the late Judge Kerferd invested a sum of £8500 in the stocks of certain banks which have undergone reconstruction. The estate is liable for £5000 in calls. Action has been taken to compel the trustees to pay the capital and the amount of calls, it being alleged that they had not exercised proper discretion in investing. The Judge held that the trustees had acted honestly and therefore were not liable.
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https://paperspast.natlib.govt.nz/newspapers/AG18931206.2.15.2.8
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Ashburton Guardian, Volume XIV, Issue 3148, 6 December 1893, Page 3
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78NOT LIABLE. Ashburton Guardian, Volume XIV, Issue 3148, 6 December 1893, Page 3
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