THE "TEH HU"

[1969] 2 Lloyd's Rep. 365

COURT OF APPEAL

Before Lord Denning, M.R.1, Lord Justice Salmon and Lord Justice Karminski

Salvage-Award-Remuneration-Devaluation of £ sterling after salvage services rendered and before date of award - Whether devaluation to be taken into account in determining amount of award-Whether account should be taken of expenses incurred by contractors at sterling equivalent before or after devaluation-Lloyd's Standard Form of Salvage Agreement. Arbitration-Award-Power of arbitrator to make award in foreign currency,