Question 580.— In advancing money on security under 74, it is difficult to ascertain the amount of the goods hypothecated. Is the following a sufficient description: " All the lumber (or whatever the produce may be) held in my yard at                    , being all the lumber belonging to me ?"

Answer. — Unless the lumber or other goods can be specifically described, it is best to use such a general description as that referred to by you. In Ontario the chattel mortgage cases have settled conclusively that a general or blanket description, if properly worded, is valid.

In this connection we beg to refer you to the article written by Z. A. Lash, Q.C., entitled " Warehouse Receipts, Bills of Lading and Securities, under Section 74 of the Bank Act, 1890," which appears on page 54, Volume 11 of the Journal.