Note 29 — Chapter V · THE DOWNFALL OF BALLANTYNE & COMPANY

I have consulted high authority on the legal side of this counter-bill story, and have been informed (with the expected caution that, the facts being so doubtful, the law is hard to give) that under Scots law these counter-bills, if they existed, would probably be allowed to rank, supposing that twenty shillings in the pound had not been paid on the first set, and to an extent sufficient to make up that sum. But Lockhart's allegation clearly is that they were so used as to charge Scott's estate to the extent of forty shillings in the pound.