PROPERTY SEIZED
FRENCH-OWSED FIRM POLISH COURT'S ACTION IRREGULARITIES CHARGED _. 1 PROBABILITY OF APPEAL Bj- Telegraph—Press Association-—Copyright (Received December 22. 12.5 a.m.) LONDON", Dec. 21 The Warsaw correspondent of the News Chronicle says the Commercial Court's decision to sequestrate the entire property of the French-owned Warsaw Electricity Company, valued at £10,000,000, is expected to have important political and economic consequences.
The decision followed the Warsaw municipality's allegation that the company was over-charging and making excessive profits, also that the balance-sheet showed irregularities.
It is stated that France intends to appeal to the Hague Court.
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Bibliographic details
New Zealand Herald, Volume LXXI, Issue 21990, 22 December 1934, Page 11
Word Count
93PROPERTY SEIZED New Zealand Herald, Volume LXXI, Issue 21990, 22 December 1934, Page 11
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