MILLIONS AT STAKE
LEGAL COSTS TOTAL £50,000.
(VNIIIB PRESS ASSOCIATION.—COPTRIOHT.)
SYDNEY, 14th December.
The wool tops case has concluded, the High Court dismissing the claim by the Colonial Combing, Spinning and Weaving Company for a million sterling from the Central Wool Committee, and the Government's cross-claim for £250,000 from the company. The judgment stated that certain agreements under which the companies came together were invalid, therefore both claims must fail. After a conference of the counsel for both parties regarding costs, which '.amounted to £50,000, at which an agreement was arrived at, the Court entered judgment for the committee, and on the cross-action judgment for the company. The company was ordered to pay costs, but really only £2000 will change hands, which is the company's loss.
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https://paperspast.natlib.govt.nz/newspapers/EP19221215.2.59
Bibliographic details
Evening Post, Volume CIV, Issue 144, 15 December 1922, Page 7
Word Count
126MILLIONS AT STAKE Evening Post, Volume CIV, Issue 144, 15 December 1922, Page 7
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