A Treatise Upon the Law of Life Assurance : Upon the Constitution of Assurance Companies, the Construction of Their Deeds of Settlement, the Sale of Reversionary Interests, And Equitable Liens Arising in Connection With Life Policies ; With An Appendix, O

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James Abbott at 500?. On the part of the defendants, by Mr. Charles Ansell, the actuary of the Atlas Life Office, at 847?. lis. ; by Mr. Morgan, the actuary of the Equitable at 855?. 8s. ; by Mr. Charles L. Hoggart, the auctioneer, at 94W. ; and by Mr. Wyatt, a laidi-agent and surveyor at 890?. These valuations assumed the stock at 56J and 56f per cent, respectively, the market price on the day of the sale. The two latter wiitnesses, however, were of opinion that, having regard to the aspect of... the money market and the then state of Europe, the stocks should have been taken at 60, in which case their valuations were respectively in- creased to 1018?. and lOOOZ., the actual price given was 550?., and Lord Lyndhurst C. B. supported the sale. It turned out at the trial that the 2000?. was not included in the sale, and on this account his lordship thought that one-eighth should be deducted from the valuations.
He said : " There are valuations on the one side making it 530?. and 500?., adding them together the sum is 1030?., which divided by two makes an average 515?., from which one-eighth being taken, reduces it to 450?.


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