Court of Appeal Wellington
18 June; 4 October 1984
Richardson and Somers JJ, and Sir Thaddeus McCarthy
18 June; 4 October 1984
Richardson and Somers JJ, and Sir Thaddeus McCarthy
Company law — Liquidation — Interest — Secured deposits — Trustee held securities covering deposits made by members of the public with insolvent company — Trustee sold securities and invested proceeds — Whether depositors were entitled to the actual interest earned by the temporary investment or only to interest at the rate of their original contract of loan.
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