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