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Some Legal Points Affecting Investments

Published online by Cambridge University Press:  11 August 2014

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Extract

Members of this Society and of the parent Institute have considered, from time to time, questions affecting the investment of life insurance funds. In the early days ‘Bailey's Canons’ were propounded, and comparatively recently J. B. H. Pegler's ‘Actuarial Principles of Investment’ and H. G. Clarke's ‘Broad Analysis of the Problem’ have been discussed. Also, the more practical aspects of the subject have received due consideration: notably Stock Exchange Investments by A. S. Holness, Loans and Mortgages by W. Murray Simpson and Real Property by G. B. Lane, F.S.I., and W. A. Leach, F.S.I., in 1944, and further by A. C. Wheeler and K. A. C. Wheeler in 1953.

My purpose is to present certain legal points affecting these investments. I hope my remarks may to some extent be supplementary to these previous contributions on the subject of investments, and I shall try to avoid covering the same ground.

Type
Research Article
Copyright
Copyright © Institute of Actuaries Students' Society 1956

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References

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page 133 note * Knightsbridge Estates Trust Ltd. v. Byrne and Others (1940), A. C. p. 613.

page 133 note † Knightsbridge Estates Trust Ltd. v. Byrne and Others (1939), 1 Ch. p. 441.

page 133 note ‡ Samuel v. Jarrah Timber and Wood Paving Corporation Ltd. (1904), A.C. p. 323.

page 135 note * Since this paper was written the limit has been reduced to £10,000—Ed.

page 135 note † London and Country Commercial Property Investments Ltd. v. A. G. (1953), 1 All E.R. 436.

page 136 note * See Société Générale de Paris v. Walker—11 Appeal Cases, 20.

page 141 note * See Woolworth and Co. v. Lambert (1937), Ch. p. 58.

page 144 note * The Law Journal, 22 July 1955, p. 458 Google Scholar.

page 147 note * Egerton v. Jones, 2 K.B. (1939), p, 707.

page 150 note * Darbha and another v. National Insurance Company Ltd., Calcutta. J.I.A. 73, Legal Notes, p. 17 Google Scholar.

page 152 note * Sun Life Assurance Society v. Davidson. Phoenix Assurance Co. Ltd. v. Logan. T.R., Vol. XVI, 267 Google Scholar.