In re New Zealand Midland Railway Company (Limited) Ex P Coates - (1898) 17 NZLR 596

Railway — "The Railways Construction and Land Act, 1881," Sections 123, 125, 126 — "The East and West Coast (Middle Island) and Nelson Railway and Railways Construction Act, 1884," Sections 9, 13, 14, 18 — Debenture-holders of Company — "First Charge" — Floating Security — Powers of Governor — Priority — Disintegration of Public Undertaking — Practice — Appeal to Privy Council — Direct from Supreme Court.