PORTLAND STEAMSHIP COMPANY, LTD. v. CHARLTON STEAM SHIPPING COMPANY.
(1925) 22 Ll L Rep 516
KING'S BENCH DIVISION.
Before Mr. Justice Roche.
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.