Correspondence.

Thames Star, Volume X, Issue 3427, 16 December 1879, Page 3

Correspondence.

TO MESSRS WM. WOOD AND

SOF.

(Per f»Tour of. the Editor of ETening Star.)

GEKiiEatEjf ,—A.B one of the Committee of Thames Building Society, I wish to aik you did not the son request the Secretary when he asked him for the premium to let him pay it and he would bring him the receipt for the renewal of the policy held in the Building Society's :nam« iince the mortgage has been in existence? as, according to deed, he is bound to insurt in the Society's same, and is furthermore liable to bt'firitd for ercry mouth's deity

in depositing either Hip premium or the policy, or renewal of i!>. :tm- ■• ; •: ruV 20 of Society's Rules. M v ?<i?u>v>»'.w, om* of the trustees, endeavor-"*! (iinrrm^e with you by letting you hay« fifteen i>onud.t towards getting stock, tbe remaining thirty-five to be retained bj- the Society wutil the re-erection of tho building, but you would not agree to it. saying th<» Society held enough security in the land itself. Let me tell you that you hare neither legal or moral grounds for claiming the money, as parties insuring iuo bound to disclose any mortgage over the property-—both the amount and the name of tho mortgagee—under the penalty of forfeiting their claim if fire uuiortunately takes place. In conclusion, tUa Secretary was acting under instructions and simply carrying out his duty, and legally claiming the money i:nder the mortgage deed, 10 fairly acting in the matter.—l am, &c, John Read.