£100,000,000 LAW CASE

Taranaki Daily News, Volume LI, Issue 330, 23 January 1909, Page 6

£100,000,000 LAW CASE

APPEAL TO PRIVY COUNCIL OVER ±•3,000,000 DAMAGES.

A law suit iu which ;C3,000,lK)() damages have been awarded by the Canadian Courts, in which tire sum involved amounted to the huge, figure of .CIOO, 000,000, came before the Judical Committee of the Privy Council on December 2.

It is brought by the Dominion Coal Company, Limited, of Sydney, Cape Breton, against the Dominion iron and Ktccl Company, Limited, of the same town.

' At one. lime the companies were consolidated. After they had been finally separated in lfjfl'l they entered into a remarkable contract with one another, which is the subject of the law suit between them.

Under this contract the Coal Company was to supply coal of a certain quality to the Steel Company for ninety-nine years at 5s -Id a toil. In December .'IUOj, when the Steel Company was claiming 80.000 lons of coal a month, the Goal Company contended that, according to the contract, the time had not arrived at which it could be compelled to deliver so much.

! 1 Itimatdy a law suit was started bv the Steel Corapimv. which was awarded .17.000,000 .laiii.iKi.s_a sun, ~|,ml to til., total I'oiiiniou stock of the Coal Company. The Canadian Anneal Court afliniind this decision, and the case lias now burn bro.ie.lil liefore the Privy Council, which is the supreme tribunal.'