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1. These two appeals, by Mr. Cooverji H. Plumber and Miss Khorshed F. Aria, arise out of their membership of a Society, known as the "Vasant Theosophical Co-operative Housing Society, Ltd.," which had a scheme for building bungalows at Juhu. The Society's plan was to acquire a large area of land to be converted into building sites, for the erection of houses, to be inhabited by the members of the Society and to form a Theosophical Colony. The Society issued a prospectus specifying its terms and the class of bungalows which it intended to erect for its prospective members, and their estimated cost. The idea from the beginning appears to have been, not to sell any of the plots outright, but to have a system of tenant-proprietorship, but persons applying for a site could either pay for the building and the site down, or in certain cases borrow some money from the Society to be repaid by instalments. Both Mr. Plumber and Miss Aria became members of the Society by buying the requisite number of shares, and they were granted plots of land and had houses erected on them. Mr. Plumber held sixty shares and Miss Aria seventy-seven shares. Mr. Plumber was a member of the Society's Managing Committee for some time.