United States v. Clark

McCOLLOCH, District Judge.

Judgment is about to be entered for $42,480.81 under the Renegotiation Act, SO U.S.C.A.Appendix, § 1191.

A question about interest has arisen. Defendants have been holding the sum involved in Government bonds, pending the outcome of a series of hearings and arguments in the court on this and like cases. The Government is claiming interest at 6 per cent from the date of determination.

The Renegotiation Acts have not provided for interest, but a regulation of the War Contracts Price Adjustment Board has been cited as follows:

“(3) Interest at the rate of 6 per cent per…