Purdy delivered a long judgment in the ease of Ernest Henry Oliver versus the Asia Life Insurance Ca., finding in favour of the defendants.
The plaintiff ig a British subject who has been a resident of Peking for the past 12 years. In the suit instituted he sought to recover 54,800 German marks, to be due to him as the amount of the cash surrender value of a life insurance policy issued to him by the defend fant on November 14, 1921. He asked also for attorney's fees, costs and damages in the sum of Gold 5,000.
As set forth in the ruling which is given in part below, "The defendant admits having issued the policy, but defends upon the ground that it tendered to the plaintiff 54,800 German marks in settlement of the cash surrender value of the policy, which the plaintiff refused to accept for the reason that the German marks 0 tendered were not "lawful money" of the Republic of Germany at the time they were tendered,
Text read from the printed page and cleaned; old type leaves the occasional error.