The appellants, Karonga Manufacturing Association, claimed against the respondents the
sum of K4,012.82 interest, damages for conversion and costs of the action in the HighCourt.
The proceedings then came before the Registrar for assessment of interest. The issue
before the Registrar was the meaning of “interest at current rate from August 1985" to the
judgment date. It was the opinion of the Registrar that the Judge’s intention was to
reinstate the appellants to the position in which they would have gained from the loan had
they had the opportunity to use or invest the funds in issue.