MARINE INSURANCE.

Dominion, Volume 2, Issue 537, 18 June 1909, Page 7

MARINE INSURANCE.

. BILL AGAINST GAMBLING ON LOSS. (By Association.—Copyright.) (Rec. June 17, 10.45 p.in;) > ... London, Juno 17. Mafino Insurance (Gamblijig Policies) Mill, ; introduced by Mr. Churchill (President 6f tho Board of Trado) ,to prohibit gambling on loss maritime polioies, lias been read a seeond timo in the House of Commons. P.P.I. POLICIES, A'HARVEST IN CASE OP LOSS. Under tho hoftdillff of "P.P.1.," ''Marinor" wr "« fl , n-an EttgHsh paper . Notwlthstiindllig the siinpla and unsoohfstitftln f OP IT I ' aIIC / > - , 0f «,ree letters in the titlo .to this articl 6 , it. may well be doubted whether tihy of the cabalistic formulae of thn ancient even though pesscsaini'tw jn'nolqgy fof°[''polloy Proves" Interest" ind kind,, and that. ia ; the dVfent'of bein? lost he may ttap a. harvest bf' thousands per cent Upon his orgina outlay.: No question! will be Asked became the . possession of the policv proves, his .invest in the ship. F y ■ supposing -that you. discovered suddenly that arranger to-you-had effected a hkvvinsur ftrtdo.upon your life, and that the law'alC/d aggregate to far; more .than the valuo of your i Be contented, for the.law/most riehtlv nnrl n(r f 5 "J'. "j"? £ ¥ ell scandalous proceedings to'go on.. It lays down as a principle that; an insurer must-' an 'insurable infer-' property or the life insured. It follows, thus, that if a man owes you a certain sum of money you may insure his life, with his ? ] E: coprae, or .in : a similar, cate of money owing, ot property held, you may insure his ..premises , Yet -to-thesa wise... laws the" £3 ««ptlon,. and. that exception is to be fotffld ih-the usual place for such exceptions In our laws-it relates to tho sea.