Interest  payable  as  damages  is  not  a  debt,  and  it  can  be  interest  as
recovered  only  in  an  action  for  the  principal  (c).     Nor  can  it    ^™^^^^"
be  added  to  the  principal  as  part  of  the  debt ;  so  as  to  make

(x)  See  per  cm:  London  C.  f  J).  Ey.  Wilson  v.  Harman,  2  Ves.  sen.  672  ;

V.  S.  E.  By.,  (1892)  1  Oh.  140,  146.  Pearly  t.  Smith,  3  Atk.  260;   Banner

(a)  Serries  v.  Jamieson,  5  T.  R.  T.Lowe,  13  Ves.  135;  see  the  Appor-
553 ;  Stcdson  t.  Fawceti,  7  M.  &  Gr.  tionment  Act,  1870,  33  &  34  Vict.
348  ;   see  Nordenstrom  v.  Pitt,  13  M.  c.  35.
&  W.  723.  (c)  Churcher  v.  Stringer,    2   B.    &

(b)  Exp.  Smyth,  1  Swanst.  349,  n. ;       Ad.  777.
944


IN'lERESr.
PaetV.  a  sum  sufficient  to  support  a  petition  in  bankruptcy  (rf).
Where  a  contract  is  made  for  the  payment  of  a  sum  of
money  on  a  certain  day  with  interest  at  a  certain  rate  to  that
day,  there  is  no  implied  contract  for  the  continuance  of
interest,  in  the  absence  of  intention  expressed  to  that  effect ;
interest  for  delay  beyond  the  day  appointed  can  be  claimed
only  as  damages  to  be  awarded  by  the  Court,  and  if  awarded
may  be  assessed  at  a  different  rate  ;  but  the  contract  rate  is
generally  presumed  to  be  the  reasonable  rate  for  the
damages  (e).  Interest  will  not  be  allowed  as  damages  during
delay  of  payment  caused  by  the  plaintiff  himself ;  as  delay
in  taking  out  administration  to  the  deceased  creditor  (/) ;
or  delay  in  verifying  the  account  on  which  the  interest  is
claimed  [g).
