THE "MECCA"
[1968] 2 Lloyd's Rep. 17
ADMIRALTY DIVISION
Before Mr. Justice Brandon
Limitation of liability - Conversion - Sterling equivalent to 1000 gold francs-Devaluation of sterling between date of collision and date of limitation order-Whether Court should apply sterling equivalent in force before or after devaluation-Effect of agreements of settlement made before devaluation - Merchant Shipping Act, 1894, Sect. 503- Merchant Shipping (Liability of Shipowners and Others) Act, 1958, Sect. 1-Merchant Shipping (Limitation of Liability) (Sterling Equivalents) Order, 1958-Merchant Shipping (Limitation of Liability) (Sterling Equivalents) Order, 1967 - Brussels Convention, 1957.
Admiralty practice-Interest on limitation fund -Whether interest rate should be raised from four per cent.