Tek Chand, J.

1. This is a first appeal from the order of the Senior Subordinate Judge, Gurdas-pur, acting as Tribunal under the Displaced Persons (Debts Adjustment) Act, 1951, dismissing the appellants application under Section 18 of the Act. The appellant is a firm which was carrying on business as commission agents at Sialkot before the partition of the country. It transacted its business through the Punjab and Sind Bank, Limited, and in 1947 the appellant had deposited goods like sugar, gur, shakkar, etc., with the Bank; exceeding rupees three lacs in value as against which the Bank was to supply credit to the extent of 75 per cent of their value. According to the terms of agreement between the appellant-firm and the Bank all securities, which bad been and were to be delivered to the Bank, had to be insured by the appellant as the borrower and in case oi failure to do so the Bank was at liberty to effect such insurances at the er-pense of the borrower. This agreement referred to insurance against fire risk. It was also agreed that all sums received under any such insurances would be applied towards liquidation of the balance due to the Bank for the time being. In accord