VERSICHERUNGS UND TRANSPORT A/G. DAUGAVA v. HENDERSON.

(1934) 49 Ll L Rep 252

COURT OF APPEAL.

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

Fire insurance - Reinsurance - Rate of exchange-Loss-Liability of plaintiffs under insurance policy covering certain building in Riga-Plaintiffs' right to indemnity under reinsurance policies issued by defendants-Insurance in Latvian currency-Dispute between original assured and plaintiffs-Action brought by assured-Sum awarded by Latvian Courts expressed in lats- Liability of defendants under reinsurance policy-Whether sum awarded by Latvian Courts should be converted into sterling at the rate of exchange at the date of the fire or at the date of the settlement of the plaintiffs' liability to the assured - "To follow the settlements of the" plaintiffs.