SOUTH AFRICAN RESERVE BANK v. SAMUEL & CO., LTD.
(1931) 40 Ll L Rep 291
COURT OF APPEAL.
Before Lord Justice Scrutton, Lord Justice Greer and Lord Justice Slesser.
Banking - Letters of credit - Anticipatory advances clause - Advances pending shipment - Construction of clause calling for deposit of documents as security - Warehouse certificates received which did not describe the goods sold - Appeal by plaintiffs against judgment in favour of defendants