1779-03-03 (static/transcriptions/1779/03/006.jpg)

Bondfeild
v
Guinand.
Monday March 8th 1779.
Tried first Term 1778.
[ILL] Guinand. Argued for himself.
Plain Narrative. A Custom of [ILL]
[ILL] is covering a Risk. Covering a Risk is making an Insurance.
[then?] Insuring this again is making a Re-Assurance, contrary to the Statute of G. 2d.
Transfer of Risk without property is the first step of an Insurance; the Difference between the two Bonds as to the Interest they bear, is the Premium which is the second step.
[ILL] so the Plain [ILL] has made a Re-assur
/ = ance