CANADIAN GRAND TRUNK.
f LEAVE TO APPEAL GRANTED. > _____ J LONDON, December 22. t The Privy -Council liae granted the 5 Canadian Grand Trunk Railway leave tc r appeal against the decision of th« 1 arbitrators.—(A, and N.Z. Cable.) When the Canadian Government took .- over the Grand Trunk Railway, arbi ■• trators were appointed to decide what 1 value should be placed on the commor t preferred stock, which would define tin - amount the Government would pay. Ir il September last the arbitrators agrcec n that stock which had a. par value o - 37,OOO.OOtiv!ol ivns worth nothing. This c decision, which if accepted would absolvt c the Canadian Government from con>pen n sating shareholders, came as a tremendous -dous "surprise to English holders. Mr o YV. H. Taft, former President of thi t United States, who represented the Gram a Trunk Railway, dissented from till r decision.—(A. and NX Cable.)
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Auckland Star, Volume LII, Issue 306, 24 December 1921, Page 5
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148CANADIAN GRAND TRUNK. Auckland Star, Volume LII, Issue 306, 24 December 1921, Page 5
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