In the Rolls Court, yesterday, Sir John Romilly gave judgment
against Mr. Hudson in the action between him and the York and North Midland Railway Company. The Master of the Bolls decreed as follows-" Declare the defendant trustee for the York and North Midland Railway Com- pany of the shares in the East and West Riding Extension, and the Hull and Selby, disposed of by him or by his order, in his character of chairman and director of the said company : declare that the defendant is bound to account for all profits from the sale and disposal of such shares respectively : take an account of all monies produced by or arising from the sale of the East and West Riding Extension shares and the Hull and Selby, disposed of by the defendant, or by his order or for his use ; and in taking such account, let the defendant be charged with interest at 51. per cent for the sums so received by him, or for his use, from the time the same were received ; and in taking such account the defendant is to have credit for all sums paid by him to and for the use of the company in respect of such shares, and he is to have credit for all just allowances. company in John had directed the defendant to be charged with interest at 51. per cent ; for, if his decision were correct, the defendant stood in the position of a trustee who had derived profit from the property of his cestui qua trusts. As the expenses of the suit up to the present time bad been principally oc- casioned by the defendant contesting his liability to account, he must pay the costs up to and including this hearing ; but the costa of the rest of the suit must depend on the account. With regard to the lien upon the defend- ant's estate, prayed by the bill, the bill must be dismissed as to this.
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