Wellington College and Girls' High School Governors v Guardian Trust and Executors Company of New Zealand Limited - [1945] NZLR 606

War Emergency Legislation — Economic Stabilization — Glasgow Lease — Rent for Renewed Term to be fixed by Arbitration — Lessee's Option to accept Renewal at such Rent — Award made in November, 1942, fixing Higher Rent for Term of Renewal — Acceptance of such Renewal by Lessee in February, 1943 — Basic rent — Economic Stabilization Emergency Regulations, 1942 (Serial No 1942/ 335), Reg 14.

Contract — Frustration — War Emergency Legislation — Lease providing for Renewal at Option of Lessee — Agreement by Lessee after November 1, 1942, to pay Higher Rent for Renewed Term — Whether Contract to grant New Lease incapable of Performance through Operation of Economic Stabilization Emergency Regulations, 1942 — Emergency Regulations Amendment Act, 1940, s 4 (1).