PRICE BROS. & CO., LTD. v. C. E. HEATH.

(1928) 32 Ll L Rep 298

KING'S BENCH DIVISION.

Before Mr. Justice McCardie.

Insurance (fire)-Loss of standing timber (Canada)-Claim-Defence of misrepresentation -Average value of timber per square mile-Issue of debentures by plaintiffs-Insurance by way of security-Timber insured in blocks- Money franchise and limited risk in respect of each block-Knowledge of underwriter that proposed insurance was not an insurance for the full value of the timber; of the proposed debenture issue; and of the desire only to secure such issue-Defence of misrepresentation not made out-Appeal dismissed - Assessment of loss - Directions as to course of trial.