Arabica Coffee Ltd. of
p. 54 · Read in the full issue
That £100,000 Claim
For Damages
Arabica Coffee Ltd. of New Guinea
OLD friends keep writing and ask ing what has happened to the writ, claiming £lOO,OOO damages, which was issued against the Publisher of Pacific Islands Monthly, last April, by Arabica Coffee Limited, of New Guinea.
The writ was withdrawn, some three or four months after it was issued. It had no connection with the Pacific Islands Monthly —it actually was issued against the publisher about 50 minutes after the publisher had had a telephone con versation with a man who was sell ing “units” in Arabica Coffee Ltd’s coffee plantation, and from whom we sought information about figures in the Company’s prospectus.
The effect of the issue of the writ, of course, was that PIM —and any other publication—could not discuss the affairs of Arabica Coffee Ltd. without risk of an action for con tempt of court.
The discontinuance of the action means that we now are free to dis cuss Arabica’s unit-selling cam paign. But, as far as we know, the
selling campaign has finished —presumably because all the “units” have been sold. Purchasers were assured of a startling return on then* in
vestment. We may return to t. subject when statements cover!:, the first couple of accounting perioi are issued by the Directors.