Welch v Bank of England

Subject Matter

BANKING — Stock — Transfer — Bank of England stock — Transfers forged by trustee — Claim for restoration to register by surviving trustee — Estoppel — Negligence — Ratification — Limitation of action — Bank of England public authority — Transfers a nullity — Third party proceedings by bank against jobbers and stockbrokers who presented transfers — Claim for indemnity — Costs — Limitation Act, 1939 (2 & 3 Geo. 6, c. 21), ss. 2, 21 — Finance Act, 1942 (5 & 6 Geo. 6, c. 21), s. 47 — Government Stock Regulations, 1943 (S.R. & O. 1943, No. 1), reg. 2.

LIMITATION OF ACTION — Limitation of action. costs — Third party proceedings. Company — Shares — Transfer.