...induce the legislative body to pass such an act,^) are fully stated in the preamble : " Whereas it hath been found by " experience, that the making assurances,...without further proof of interest than " the policy, hath been productive of many perni" clous practices, whereby great numbers of ships, " with their cargoes,...

...premium. 1. What Policies are good. I. It is enacted by stat. 19 G. 2. c. 37. " That all insur" anees, interest or no interest, or without further proof of " interest than the policy itself; all gaminç or wagering pol" ides, or wherein the insurer shall have no benefit of sal" vage,...

...What policies are illegal. It is enacted by an English statute, 19 G. 2, c. 37. " that all insurances, interest or no interest, or without further proof of interest than the policy itself; all gaming or wagering policies, or wherein the insurer shall have no benefit of salvage, are...

...any ship belonging to his majesty, or any of his subjects, or on any goods on board any sQch ship, interest or no interest, or without further proof of interest than the policy, or by way of gaming cir wagering, or without benefit of salvage to the assurer ; and every such assurance...

...his majesty, or any of his subjects (54), on any goods laden, or to be laden, on board such ships, interest or no interest, or without further proof of interest than the policy, or by way of gaming or wagering, or without benefit of salvage to the assurer, and that such assurances...

...to be made on French ships from Bourdeaux and Bayonne to the West Indies, either upon the terms of interest or no interest, or without further proof of interest than the policy, to the amount of lOO,OOOl. of which near the half was disputable losses, by there being great reason...

...v. Fl'cher, a TR ifii. I.urvna v. Craufurd, 3 Bos. & Pul. b Sec the opinion of Chambre, J. in 1o1. that the making assurances, " interest or no interest,...had been productive of many pernicious practices, and by introducing a mischievous kind of gaining or wagering, under the pretence of assuring the risk...

...body 19 Geo. t. to pass such an act, are fully stated in the preamble. " Whereas c° 37' <; it hath been found by experience, that the making assurances...without further proof of interest " than the policy, hath been productive of many pernicious " practices, whereby great numbers of ships, with their car"...

...which mischief the statute was made. In D(paba v. L.udlo'W (a) it is indeed said, that the words " interest or no interest," or " without further proof of interest than the policy itself," were introduced to obviate the necessity of proving the value: but, before that, it had been...

...policy, had been found pernicious, from whence it seems as if, before that act, all policies were on interest or no interest, or without further proof of interest than the policy: it is true that the act goes on, when enacting, to use the same words, and adds, " or by way of gaming...