Beading these two articles together, the Supreme Court were
sfopinion that, as the surrender value was not sufficient to cover
theamount of the loan and the premium due, Article 58 applied,
ai the poliey lapsed and became void, subject to the proviso that.
rithin twelve months the Board might renew on such terms as it
ened equitable. Tn this ease the twelve months had elapsed with-
sat the Board doing anything to renew the policy. 'The short
'gestion of law is whether the policy was then dead or void, and we
tasked to say that it is important that it should be argued
mlether the words " within twelve months after default" govern
tlepower of the Board. That does not seem to be a difficult
fim oflaw. It may be an important question of law, perhaps,
mithin the rule apparently followed in the Swn Fire Office v.
Aart (1), where, although it was a case only of the construction
tfachause in a fire insuranee policy, the Privy Council granted
5 leave to appeal on the ground that the same question
Hel'to1a great number of other policies. But, supposing that
'San Important question of law in the present case, another
on must be found, in the opinion of the Privy Council.
thet judgment they said they would not grant such an
tion "if the judgment from which leave to appeal was
Dis a Plainly right or unattended with sufficient doubt to
ir Lordships in advising His Majesty to grant special