Brook v Cambridge Co-Operative Dairy Co Ltd - [1924] NZLR 602

Companies — Profits earned by Dairy Company — Allotment of Shares in Lieu of Cash Bonus — Capital increased by Levy on Supplier-shareholders' Profits — Operations approved by Shareholders — Acceptance of Allotments and Dividends do on Shares — Attempted Repudiation — Acquiescence — Estoppel — Discretion of Directors in paying out Profits — No Jurisdiction in Court to control or review their Decision.