A Northland stock and station agent seeking compensation for lost business has had his application denied by the Government.

John Dickson claimed his business was forced into liquidation in 1993 after the conditions of the merger between rural services companies Wrightson and Dalgety weren’t properly enforced.

Mr Dickson says the Commerce Commission failed to oversee the process correctly, and his profits were drastically affected as a result.

Commerce Minister Simon Power says after taking independent advice no ex gratia payment will be made.