A BIG CLAIM.
MILLION POUNDS INVOLVED. THE “WOOL TOPS” CASE. By Telegraph.—Press Assn.-—Copyright. Received May 23, 7.15 p.m. Sydney, May 23. The hearing has commenced of what is known as the “wool tops” case, in which the Commonwealth and central committee are proceeding against the Colonial Spinning and Weaving Company, Limited. The plaintiffs’ claim is for money allegedly due by the defendant company as license fees for allowing the company-, to sell wool tops to foreign countries, and £250;000 is claimed as damages for the breach of agreement, and £282,000 paid by plaintiffs conditional upon such release. A cross-action is indicated, involving about a million sterling, ip which the defendant company alleges that the Commonwealth Government is guilty of breaches of agrement in refusing to consent to further sales of wool tops, except on conditions which would give the Government a greater share of the profits from the company’s operations than they are entitled to.—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 24 May 1922, Page 5
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157A BIG CLAIM. Taranaki Daily News, 24 May 1922, Page 5
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