TIMBER COMPANY’S CAPITAL
'The Court of Appeal on Wednesday withhoJd permission for New Zealand Forest Products, Ltd., to carry to the Privy Council t lie ease by which H sought to prevent the Taupo Tolara. Timber Co., Ltd., from making a reduction of .Col.OlH) in its ‘‘-‘ipi’ tai. The opposition of Forest Products wars based on a submission that it j, ‘<d a “ interest in the assets of the Taupo lotara Timber Company, inasmuch as Y aS a possibility of the Taupo Totara limber Company’s locomotives setting tire, as a result of negligence bv its serv . anLS ’t ,-k? Forest Products’ plantations, in wUicii case Forest Products might sue the J-aupo Totara Timber Company for damages. .1 he Chief Justice (Sir Michael Myers), Mr. Justice Smith, and Mr. Justice Johnston decided in favour of Ihe Taupo Totara Timber Company, but Mr. Justice J-’air said be thought there were grounds Lor granting Forest Products the leave to appeal to the Privy Council. Mr. I. I . Cleary appeared for Forest Products, and Mr. A. 31. fur the Taupo lotara Timber Company.
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Bibliographic details
Dominion, Volume 36, Issue 309, 24 September 1943, Page 5
Word Count
179TIMBER COMPANY’S CAPITAL Dominion, Volume 36, Issue 309, 24 September 1943, Page 5
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