Selskab v. Insurance Co. of North America

(after stating the facts as above).

By express provision of the bill of lading general average is made payable according to York-Antwerp Rules of 1890 and 1903. Rule 17 of the Rules of 1890 provides that contribution to general average shall be made upon the actual value of the property at the termination of the adventure. It is admitted that the Danish owners expended Danish kroner to purchase in the open market drafts payable in Norwegian and English currency, solely for the purpose of making the general average payments, and that in converting these expenditures of Danish kroner into…