Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

PORTLAND STEAMSHIP COMPANY, LTD. v. CHARLTON STEAM SHIPPING COMPANY.

(1925) 23 Ll L Rep 268

COURT OF APPEAL.

Before Lord Justice Bankes, Lord Justice Warrington and Lord Justice Scrutton.

Sale of ship-Price-Ship demised to buyer-Buyer to pay purchase price later and interest on purchase money in the meantime-Allowance obtained by owner (seller) from income tax authorities as rebate on depreciating property; whether due to seller or buyer-Award in favour of buyer reversed -Appeal dismissed.

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