THE MIDLAND RAILWAY.
[per press association.]
Wellington, May 3,
The Court of Appeal was engaged all day in hearing the appeal in re the Midland Railway Coy over the decision of the Chief Justice and Mr Justice Edwards dismissing a petition by the debenture holders of the Coy for an order for the sale and possession of the railway. For the appellants it was argued that the debenture holders- had a first charge on the assets of the Coy. The Crown, however, claims that the right of the debenture holders are subordinate ' to its rights under the contract with the Coy and that the line cannot be sold in parts. The court reserved its decision.
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Bibliographic details
Grey River Argus, Volume LVII, Issue 10275, 4 May 1899, Page 4
Word Count
115THE MIDLAND RAILWAY. Grey River Argus, Volume LVII, Issue 10275, 4 May 1899, Page 4
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