,". (Per United FreiJT-AssofcUtion 7 .) '

CHRISTCHUBCH, December 19.
In Banco yesterday morning, an ap plication was made to the Judge to direct the registration of the transfer of -ten shares in the , Timaru Milling Company from S. F. Smithson. f (of Timaru) to E.- H. . Lough --"(Dunedin). The application was, opposed on the ground that a number of shares had

been transferred to nominees and agents of the New Zealand Flour-mil lers' Association,, of .whom Lough was one, with tho object of gaining control of 'the -.company's, affairs,, and exting uishing? competition' by ■' forcing 4 the company to join the Association.  , In giving judgment, - the Judge .said there was nothing in" the ■■ transaction to show that' the object was not legiti-

mate enough.-. The transferees, had the right to have their shares registered, and should 'not remain in suspense. The sellers also had the .right .to insist,- that they should rbe. relieved -from any pos sible obligation in connection, with* the sharos. On that ground "alone the mo tion should be allowed. A similar mo tion for the registration of another transfer ~was also allowed.
Returned Contlngenters.
