Mercury Bay Co-Operative Dairy Company Limited v Lilley - [1946] NZLR 766

Company Law — Memorandum — Co-operative Dairy Company — Construction of Memorandum — Proposal to pay out of Company's Profits to Provincial Farmers' Union Annual Sum per Head of all Suppliers in Specified Month — Whether Prohibited by Memorandum — Effect of Declaration thereon.

Practice — Originating Summons — Questions of Fact and Construction involved — No Suggestion of Further Litigation — Hearing by Consent of Parties — Limited Effect of Determination — Declaratory Judgments Act, 1908, s 10.