DAIRY COMPANY SUED

Taranaki Daily News, 13 February 1933, Page 9

DAIRY COMPANY SUED

DEDUCTION FROM PAY-OUT. CLAIM MADE BY SUPPLIERS. Cambridge, Feb. 11. In the Magistrate’s Court E. Lynch and R. <juail, farmers, of Hautapu, sued the Cambridge Co-operative Dairy Company for £59 4s Bd, which they alleged had been wrongfully deducted from their pay-out 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, thep 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, and that the company had no right to make the immediate deduction from the pay-out. . For the defendant company, Mr. H. Dallimore contended that in suddenly taking their 1 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 impaid balance of the share capital. Thp magistrate, Mr. Wyvern Wilson, reserved his decision.