South Porto Rico Sugar Corp. v. Sugar Board

The Sugar Act of Puerto Rico, Act No. 426 of May 13, 1951, as amended, 5 L.P.R.A. §§ 371-405, provides, inter alia, that liquidations of sugar pertaining to the “colonos” (sugarcane growers) shall be made by the “centrals” (sugar mills) taking as the value of the sugar the average price of the sugar of Puerto Rico, paid C.I.P. New York corresponding to the fortnight or month in which the cane has been delivered by the colonos to the central, and it further provides that the central may deduct from that price the “actual” shipment and marketing expenses “incurred,” which expenses must he…