Banco de Portugal v Waterlow and Sons Ltd

[1932] A.C. 452

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Between: Banco de Portugal - Appellant
And: Waterlow and Sons Ltd - Respondent

Court:

Judges: Viscount Sankey LC
Lord Warrington of Clyffe
Lord Atkin
Lord Russell of Killowen
Lord MacMillan

Subject References:
BREACH OF CONTRACT
Measure of Damages Contract to print Bank Notes
Bank of Issue
Delivery to unauthorized Person
Spurious Notes put into Circulation
Withdrawal of Issue and Exchange of Notes of that issue, good or bad, for other Notes of Bank
Loss on Exchange of Notes of an inconvertible Currency

Judgment date: 28 April 1932

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ORDER

Order of the Court of Appeal reversed and judgment of Wright J. varied by increasing the sum of five hundred and sixty-nine thousand, four hundred and twenty-one pounds (569,421l.) to six hundred and ten thousand, three hundred and ninety-two pounds (610,392l.), and subject to such variation restored.

Appeal of Waterlow & Sons, Ld., dismissed. Waterlow & Sons, Ld., to pay to Banco de Portugal the costs in the Court of Appeal and also the costs of the appeals to this House.

Banco de Portugal to pay to Waterlow & Sons, Ld., the costs of the petition for leave to adduce further evidence, such costs to be set off against the costs ordered to be paid by Waterlow and Sons, Ld., to Banco de Portugal.

Cause remitted back to the King's Bench Division to do therein as shall be just and consistent with this judgment.