EGYPT’S GOLD
- i i. - “ii ■ I FRENCH CO.’S CLAIM Verdict for defe*ji>aNts (Elec. Tel. Copyright—United Press Assn.) (Received October 22, 3 p.m.) LONDON, Oct. 21. The Egypt’s gold, of which £732,250 has been raised, was the, subject ol an action in the Admiralty Division of the. King’s Bench, the French Trawling Company claiming salvage from the .underwriters on the grounds that they located : the Egypt in 1926. Counsel said they only, claimed a humble part in probably the finest deep sea salvage ever effected, but their efforts encouraged the. ultimate salvors to undertake the job. The defendants contended that the plaintiffs were, not acting as voluntary salvors, hut as employees of the French company, which fruitlessly sent divers to spots the. trawlers indicated, after which they abandoned operations and removed the buoys. The Italian company's Korina only located the Egypt after two years' scientific sweeping of an area of 50. miles. Commendatoro Qunglia, commander of the Artiglio, gave evidence that lie received no , encouragement from the trawlers’ efforts and had found the Egypt in a. different area. judgment was given for the defendants.
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Bibliographic details
Poverty Bay Herald, Volume LIX, Issue 17917, 22 October 1932, Page 13
Word Count
183EGYPT’S GOLD Poverty Bay Herald, Volume LIX, Issue 17917, 22 October 1932, Page 13
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