TRADING COMPANY L. & J. HOFF v. UNION INSURANCE SOCIETY OF CANTON, LTD., AND C. I. DE ROUGEMONT.

(1929) 34 Ll.L.Rep. 81

COURT OF APPEAL.

Before Lord Justice Scrutton, Lord Justice Greer and Lord Justice Russell.

Insurance (theft)-Loss of bearer shares in Esthonian railway company (successors of Russian company with properties in Esthonia, Latvia, Lithuania, Poland and Russia) during railway journey- Claim-Defence of non-disclosure and of fraudulent over-valuation and denial that loss occurred-Judgment on all points for underwriters-Appeal -Speculative valuation of shares- Duty of assured to disclose material facts-Appeal dismissed on ground that there was non-disclosure.