Re Manurewa Transport Limited - [1971] NZLR 909

Company law — Companies under the Companies Act — Borrowing and securing money — Floating charge — Condition restricting creation of subsequent charges — Registration of floating charge gave priority over instrument by way of security over specific chattel subsequently executed and registered — Companies Act 1955, s 108 — Chattels Transfer Act 1924, ss 4(2), 23, 59.