DAIRY COMPANY SUED
DEDUCTION FROM PAY-OUT CLAIM MADE .BY SUPPLIERS [from our own correspondent] CAMBRIDGE, Tuesday In the Magistrate's Court yesterday E, Lynch and P.. Quail, farmers, of Hautapu, sued the Cambridge Co-operative Dairy Company for £59 4s Bd, which they alleged' had been wrongfully deducted from their payout for November of last year, as payment of share capital. It was shown in evidence that the plaintiffs supplied the company for one season and part of the present, season. They stopped supplying and went to a neighbouring company. The defendant company, it was stated, then made the deductions in the pay-out. Plaintiffs' solicitor, Mr. J. Strang, submitted that the call for extra shares allotted without application had not. been properly made, ana that, the company had no right to make the immediate deduction from the pay-out. For the defendant company, Mr. 11. Dallimore contended that in suddenly taking their supply to a neighbouring company the plaintiffs had broken faith with the requirements of the company's articles, and that the company was within their rights in calling up the unpaid balance of the share capital. The magistrate, Mr. Wyvern Wilson, reserved his decision.
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New Zealand Herald, Volume LXX, Issue 21414, 11 February 1933, Page 14
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192DAIRY COMPANY SUED New Zealand Herald, Volume LXX, Issue 21414, 11 February 1933, Page 14
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