Wade & Anor v Active Navigation Ltd

�If these terms are acceptable, please arrange for one copy of this letter to be countersigned on behalf of the policyholder and returned to us within 30 days. Full cover will then be confirmed, effective from the date we receive the returned countersigned letter. We do not require payment at this time as the additional premium will be incorporated into future accounts.

Cover for this Member is currently based on Scheme Earnings of �65,000, for which no additional premium is being charged�" It is common ground that Mr Bevan forwarded this letter and the letter of 6 th November 2002 to Mrs Andrews. Mrs Andrews accepted that she had seen them. She did not, however date stamp them. It is common ground that the letter of 8 th November was not placed on the file.

I did have authority to commit Active Navigation to doubling the premium without referring the matter to a Director

At that time it was not too large a sum for the Company to consider paying. The position now is rather worse.

I did notice that there was an additional premium. I did not form any opinion as to whether it was significant. It was just an amount that would be collected by Direct Debit and the Company would pay it.