“That some differences have arisen relative to some transactions between the said William Robertson and the said deceased George Turnbull, which the parties are desirous of terminating by arbitration. Therefore, they have submitted and referred, as they do by these presents submit and refer, all questions, disputes, differences, and demands competent to the one party upon or against the other, upon any account, or for any cause whatever preceding the date hereof, to the amicable decision, final sentence, and decree-arbitral to be given forth and pronounced by William Bett, banker in Cupar Angus, and George Brown, merchant there, arbiters mutually
“The late George Turnbull and William Robertson had a copartnership concern in the purchase, bleaching, and sale, of three parcels of cloth. Mr Turnbull granted acceptances for the price, which were discounted, and the proceeds applied by Robertson, the drawer and indorser of the bills, to pay the price.
“The Lord Ordinary has advised this cause, and will shortly notice the reasons urged for setting aside the decree-arbitral.