Question 571. - Is it proper for an assignment under section 88 of the Bank Act to be signed by the customer in blank? If so, is it sufficient to hold a stock list, revised and submitted by the customer once a month, to be appended to any assignment desired as a means of identifying the goods pledged? (The assignment reads "as per Schedule attached.")

Answer. - The course suggested is dangerous and highly undesirable. Sections 88 to 90 of the Bank Act being legislation of a special character, and liable to a strict interpretation by the courts, the terms thereof should be followed as closely as possible. The security in Form Schedule C, or to the like effect, should be taken and completed at the time the advance is made, or a written promise or agreement under section 90 obtained, and the security in Form Schedule C completed as soon as the goods are ascertained.