POUND STERLING

Hokitika Guardian, 4 January 1932, Page 1

POUND STERLING

CURRENCY TEST CASK. LOXlinX, Deccmbai’ 20. Lord Justices Greer and Slesser with Lord .Justice Serntton dissenting, ailowrd the appeal of Wustralian Farmers, Ltd., against Mr Justice Rowlatt’s decision, in favour of the King Lin., Ltd., a ease arising out of the d (Terence between the Aus:raliaii and the English pounds. Lord Justice Serntton considered th t had it been intended that a dilLreiit number of Australian pounds should have been paid from the number payable in British currency, the charter party woiml specifically have said so. Tlie other two jmlg s held that the c'uiiiract' ri''ogiiiscd British and Australian currency as two dillerciii tilings. This was a test case in which Wextralian Farm:"s. Ltd., cln ; mc,| comm Us; »n from the King Line, Ltd., under a charter, the quest kill Iming wi.elhc tic- commissiori was payable in British or Australian money. The King Lino char•lured the King Arthur to the piaiuliti.’ under a Chamber of ■Shipping Australia!' grain charter, to take cargo imm Aus tea|in to London, commission to i’s'd ,the cargo being load d. l'laint Its sought to recover £lsl 17s, the ditt.-r----hicc between £671 Os Id emnmisskm paid in Australian currency and the amount in Hi-ilish eiimmey.