CAMERON LUMBER CO., LTD. v. MOUNT ROYAL ASSURANCE COMPANY AND OTHERS.

(1933) 47 Ll L Rep 175

JUDICIAL COMMITTEE OFTHE PRIVY COUNCIL.

Before Lord Blanesburgh, Lord Merrivale, Lord Russell of Killowen, Lord Thankerton and Sir Lancelot Sanderson.

Fire insurance-Use and occupation- Fixed charges and expenses-Lumber manufacture-Destruction of premises -Cover of "such fixed charges and expenses as must necessarily continue during a total or partial suspension of business to the extent only that such fixed charges and expenses would have been earned had no fire occurred" - Liability "to be limited to the actual loss sustained, not exceeding 1/300th of the amount of the policy for each business day of such suspension . . . due consideration . . . being given to the experience of the business before the fire and the probable experience thereafter"-Assessment of loss by jury-Valuation of inventories -Appeal by insurance company against jury's finding