INTERESTING INSURANCE CASE.

New Zealand Times, Volume LXVII, Issue 3443, 26 May 1898, Page 2

INTERESTING INSURANCE CASE.

8y TAigraph.—P'e’B Ab o ia f -oi Inveecabchlu, May 25. In the District Court, before Mr Justice Ward, to-day the Deputy-issignee in Bankruptcy moved for an order requiring the Bank of New Zealand to deliver up certain fire insurance policies amounting to .£1750. The facts were that Messrs Brewer and Trembath, auctioneers, of Gore, had their premises insured in the Standard office, and executed an assignment of them to the Colonial Bank, the securities being afterwards transferred to the Bank, of New Zealand. Shortly after the policies were allowed to lapse, and fresh ones taken out in the Liverpool, London and Globe. Messrs Brewer and Trembath’s premises were burnt, and later on they filed.

The latter polioies.it is contended, were not assigned to the bank, but simply placed there for sate keeping. The bank, however, claimed to have a special lien on them.

Judge Ward dismissed the motion without calling on counsel forth< bank, holding that the expression “ any securities whatsoever ’’ used in a letter given by Messrs Brewer and Trembath to the bank to define the terms on which the bank was to hold tbe securities gave the defendant bank these policies.