The Law Reports (Queen's Bench Division)
[1987] QB 1002
[COURT OF APPEAL]
S.C.F. FINANCE CO. LTD. v. MASRI AND ANOTHER (No. 2)
[1984 S. No. 718]
1986 June 3,
4,
5,
6,
9,
10;
July 16
July 16
Slade and Ralph Gibson L.JJ. and Sir John Meyaw
Banking
— Deposits
— Deposit taking business
— Commodity broking
— Client paying deposits for commodity trading
— Brokers buying and selling for commission
— Extending credit and receiving interest
— Accepting risk of loss against indemnity
— Whether sums received from clients “deposits”
— Whether brokers' business “deposit taking business”
—
Banking Act 1979 (c. 37), s. 1