THE MIDLAND RAILWAY.
"Wellington, Monday. In the Midland railway case Sir Robert Stout said the contention of the Crown was that the debenture-holders had no security at all, and he submitted that the Legislature never intended such an injustice. Mr Cooper contended that under the Act of 1883 people who lent the company money had a first charge over the company's property. Mr Bell, for the Crown, admitted that the de-benture-holders had a first charge, but urged that it was subject to the right of tho Crown to step in for breach of contract. The argument will probably finish to-morrow.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HBH18981213.2.36
Bibliographic details
Hawke's Bay Herald, Volume XXXIII, Issue 11096, 13 December 1898, Page 3
Word Count
100THE MIDLAND RAILWAY. Hawke's Bay Herald, Volume XXXIII, Issue 11096, 13 December 1898, Page 3
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in