Commerce were complainants in an. action against Lury Bros, 12 The
counsel's fees, and interest at the
1927, According to evidence submitted it appeared that on March 19, 1927, defendant opened credit for a shipment of 2,000 cases of salmon, for 'Yen 20,000, later obtaining an extention of credit on July 7, 1927, for a further two months. Failing to meet their obligations, the Bank held the shipment of salmon. Defendant admitted the transaction, and pleaded for two months' grace in which they would endeavour to sell the shipment in small quantities so as to flood the market and lower the price.
Judgment was reserved.
Text read from the printed page and cleaned; old type leaves the occasional error.