S u Í T
A
WAS £ 1 2
'
0 0 0
'
OF WHICH £ , ,
'
5 0
°
HAD BCCN
p
n
At the first ordinary General Meeting of the'
nan u
y 1,1 M a r c h
'
1 9 5 4
'
if w a s a
S
r c e d
«hat the com-
P
y s h o u , t I
be allowed to borrow without limit. The
p
-ompany negotiated for an overdraft with the
s h
°
V
! "
c , aI
Bi
»
n
k, who insisted that the Company
uid g,
vc a
Debenture charging all its assets. This
pro
l t U r e W3S t 0 r a n k
a s a l i r s t c h a r g e o n
t h e
l c a ^ u
3S r e g a r d s
t h e
Company's freehold and
cha
k
p r e m i s c s
'
ir w a s t o
regarded as a fixed
pro'
86
'
•
a s r c
S
a r d s
all other present or future
T h c f
6
^ '
lt W a s t 0 b e re
8arded as a floating security,
Judgment. The amounts due by the Company to the
an* were as follows: (a) January 1956—£14,570; (b)
January 1966—£13,081; (c) January 1971—£60,260. On
j. September, 1971, the Bank appointed the
ppiicant as receiver of the assets of the company. The
w h
e
^
e r h
as applied to the Court to determine (1)
£1 lsn/T
tllC d e b e n t u r e
was valid; (2) whether it secures
the
°
n l y o r t h e l o t a l s u m n o w
due—£98,000. At
general meeting of 1954, the company gave its
j
s
^
n t t o
the directors to borrow more than the
t h
U e d 5 h a
r e capital of the company; it follows that
£H ! ?
o u n t sc
curcd by the debenture is not limited to
|'500, but that the whole amount is due.
sin
e
.
b a
'
a n c e
sheets and accounts for many years
ce
1954
were accepted and signed at the general
a
f.
,n
S of the company. The accounts, prepared by
Bors, would have shown the amount borrowed by
s
Com
Pany. On the authority of Grant v. U.K.
ap'J
Railway Co. — (1888) 40 Ch.D. 135 —
aco °
t b e
Company in general meeting of the
of th
1
"
18
'-
W o i d d
have been a ratification of the actions
s
j
l a r
e
directors in borrowing more than the issued
rul
h
C a p
'
t i d
t b e
company. The Court accordingly
th
c
p
t b a t t b e
debenture of February, 1954, given by
e
f j
C o m
P a ny to the Provincial Bank was a valid and
aea
,CtlVe £ ) e b e n t u r e
» which created a valid charge
mst the assets of the company in respect of monies
and
t 0 t h e B a n k i n e x c e s s o f £ 1 1
'
5 0 0
-
T h u s t h e B a n k
other creditors are entitled to claim the total
an
jount due to them.
F
. We Burke, Clancy & Co. Ltd.—Application of John
Receiver—Kenny J—unreported—23 May,
terms of the Debenture are set out in the
stody of two boys transferred from father to
mother, due to father's misconduct.
Can
9 0 c t o b e r
'
1974
«
Kcnn
.V J- ordered that the
child
W i fe b e
Slanted custody of her infant
h u s h '
a n d t h a t t h e y s h o u l d b e h a n d e d o v e r b
y
t h e
the -
d
°
n h e r u n d
e r t ak i ng not to take them outside
D re
.
,Uns
diction. The husband appealed. (For full
cJ!/®
Us
facts, see Gazette, May, 1972, p.147). The
awa
a
°
f t h e t w o b
°y
s
- aged 9 and 12, had
been
1 0
ooys,
a
y
a i a n a oeeu
the T
h
t 0 t h C f 3 t h e r 0 n 2 7 A p r i 1
'
1 9 7 2 , Si,1Ce t h e n
'
take
C W3S s a t i s f i e d th
at improper relations had
Wo
n
P
l a ce
between the husband and two other
t i n t e d °
n e
°
f t h e s e l i a i s o n s h a d t a k e n
P
l a c e a t a
consul
t h e c h i l d r e n w e r e i n t h e h o u s e
-
T h e
J
u d g c
W o u
j
d
®
r e d
that in such circumstanccs misconduct
of th K
6 a d e v a s t a t i n
8 effect on the moral standards
ooys who are now aged 11 and 14. The husband
tried to slate that the lady in question was a neigh-
bour, who merely looked after the children, but that
no misconduct luui taken place; this lady declined to
give evidence. The Judgc in those circumstanccs was
satisfied that the boys, who were of an impressionable
age, should be removed from the father's custodv.
Butler v. Butler established that the parent who loses
the custody still retains rights of guardianship. The
Supreme Court has interviewed the two boys, trying
to canvass their views. In the prevailing circumstances,
as the boys should have constant access to both
parents who do not live far away from one another,
they should be in the custody of their mother during
the shool week, but the father should have access to
them at weekends to bring them to sports. Special
arrangements will be made for vacations. These boys
may not be removed out of the jurisdiction of the
Court by either parent without leave.
(Waters v. Waters—Supreme Court (Walsh, Henchy
and Griffin J J.)—Separate judgments by each Judge—
unreported- -8 December, 1974).
£12,000 award for wife enticement
An award of £12,000 was made by a Cork jury in the
High Court on 17 January 1975 in an action brought
by a former resident in the Bishopstown area who
alleged that his wife had been enticed and debauched
by a neighbour.
The plaintiff in the action before Mr. Justice Gannon
alleged that criminal conversation had taken place
with his wife and he claimed da-mages from the
defendant. The issue before the jury was one of
assessment, and their members were told by the
Judge at the conclusion of his direction to them that
"there is no rule of thumb in matters like this. There
is no element of reward for the plaintiff or of punish-
ment for the defendant. Please bring out a reasonable
figure."
The plaintiff told the court that he and his wife
married in 1960 and there were no children
of the marriage but they had adopted two children.
Their marriage had been a happy one for many years.
He did not know the defendant, who lived
nearby, until the defendant's wife died about 1970.
They then became friendly to some extent, and he
noticed after a while that there seemed to be some
sort of relationship between his wife and the
defendant, but he did not think it was a close relation-
ship at first.
In the summer of 1972, his wife went to Dublin by
herself saying she wanted to see her sister. He did
not want her to go but she went anyway, and over-
stayed her visit by a few days.
Later that year his wife told him she had been
invited to a christening party given by a relative of
the defendant's and that he had not been invited. He
told her then that he did not want her to go to the
party, but she insisted on going.
"I waited until the early hours of the morning for
her to return and then I heard her arriving in the
defendant's van. I had the front door locked at that
time but she got in through a window. I let her in
through the window and then pushed her out of the
43




