The settlement arises out of actions taken by the then state owned enterprise which first unilaterally imposed rent rises on houses occupied by its employees, and then sold the houses to a third party which further raised the rents. The courts found that the low rental agreements were a part of the employment contract between the company and the employees, and that they were not entitled to act as they did. The tenant was then evicted. The rates given are for telegraphic transfer and are as given in the Wellington Evening Post today. The prices below are given in cents.
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