Kasule v Attorney General (HCMA 688 of 2014)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that where a decree awards interest on a principal sum until payment in full, accumulated interest must be cleared before part payments can reduce the principal. Interest compensates the judgment creditor for deprivation of capital; applying payments to the principal first while interest continues to accrue on a reducing principal defeats the purpose of the award and offends the doctrine of restitutio in integrum. Estoppel does not bar a judgment creditor from challenging computation of interest in a section 34 application.
Outcome
Method of computation of interest determined; interest to be calculated with accumulated interest cleared before principal is reduced
Facts
Plaintiff was registered proprietor of 1,281 acres compulsorily acquired by government in February 1991 for a Presidential Farm. Government agreed to pay Uganda shillings 166,530,000 based on valuation, of which Uganda shillings 76,450,000 was paid in instalments, leaving Uganda shillings 90,080,000 outstanding. Plaintiff sued in 2003 for the balance plus interest. Judgment was entered for the plaintiff in 2004. On review in 2008, the court ordered that the sum of Uganda shillings 90,080,000 (net of payments already made) should carry interest at 16% per annum on the decreasing net amount from 1 February 1991 until payment in full. Government made further payments in instalments over several years. Dispute arose as to whether each payment should be applied first to reduce the principal (government's position) or first to reduce accumulated interest (plaintiff's position).
Issues
- Whether part payments made towards a judgment debt carrying interest should be applied first to reduce accumulated interest or first to reduce the principal sum.
- Whether the plaintiff is estopped from claiming further interest based on prior conduct and correspondence acknowledging that payments reduced the principal first.
Orders
- Application allowed.
- Interest to be calculated by adding accumulated simple interest (16% per annum) to the principal sum at the date of each payment; the payment reduces the total outstanding amount (principal plus accrued interest).
- As long as accrued interest remains unpaid, the principal continues to attract interest at 16% per annum on the full original principal amount (Uganda shillings 90,080,000).
- Once accrued interest is cleared and the principal begins to reduce, interest applies to the decreasing net value of the principal.
- Costs of the application awarded to the applicant.
Rules and key headnotes
Legislation cited (6)
- Civil Procedure Act s.34
- Civil Procedure Act s.26(2)
- Judicature Act s.27
- Constitution of the Republic of Uganda art.26
- Constitution of the Republic of Uganda art.126(2)(e)
- Public Finance and Accountability Regulations 2003 reg.59(2)
Cases cited (5)
- Riches v Westminster Bank [1947] AC 390
- Riches v Westminster Bank Ltd [1947] 1 All ER 469 (HL)
- Jefford v Gee [1970] 1 All ER 1202 (CA)
- Harbutt's Plasticine Ltd v Wayne Tank and Pump Co Ltd
- Tate & Lyle Food and Distribution Ltd v Greater London Council [1981] 3 All ER 716
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.