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.