1914 (8) TMI 3

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..... he agent of the Bank's branch at Ahmedabad. 2. The money was originally placed by the Bank Manager to an ordinary Fixed Deposit Account bearing interest at six per cent, but upon objection being made by the appellant it was transferred in 1911 to the Security Deposit Account bearing interest at the same rate as before. There was a separate ledger kept by the Bank for such accounts, and afte .....

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..... ty has not arisen. If the money has, with the consent of the giver of the security, been received by the Bank and mixed with its funds in consideration of an agreement to pay interest on it, the Bank is only a debtor and not a trustee. 4. We have no doubt that this is the position in the present case. The appellant agreed that the Bank should receive and hold the money paying interest at 6 per .....

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