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Mr Justice Beach dismissed a claim by the bank that Mr Peter George Rogan had taken an unfair advantage of the bank because he must have known the bank had given him the wrong figure. On 23 December last year, Mr Rogan, who had developed an interest in foreign currency transactions, collected a National Australia Bank list of exchange rates which showed 78.5 Sri Lankan rupees to the Australian dollar. The figure was confirmed in a telephone call to the bank. Mr Justice Beach said he had found Mr Rogan to be an honest witness who believed than the Commonwealth and not the National had given him the wrong rate. Mr Farmer asked if the bank could do a deal to rectify the loss, but Mr Rogan sought legal advice and declined to make any payment to the bank.