LLOYD'S. An association in the city of London, the members of which underwrite each other's policies. 2 Steph. Com., 11th ed. 138, n.
The name is derived from Lloyd's coffee house, the great resort for seafaring men and those doing business with them in the time of William III. and Anne. The affairs of the association are managed by a committee called Lloyd's Committee, who ap point agents in all the principal ports of the world, whose business it is to forward all such maritime news as may be of Importance in guiding the ment of the underwriters. These accounts, which arrive almost hourly from some part of the world, are at once posted up, and are called Lloyd's Ship ping Lists. They are subsequently copied into three books, called Lloyd's Book. Lloyd's shipping list, stating the time of a vessel's sailing, is prima facie evidence of what It contains; 11 M. & W. 116; 11
Beay. M3.
ships, and pleasure yachts, also ships employed ex clusively in trading in any river or inland water wholly or partly in any British possession, and tugs and passenger steamers plying in smooth water or In excursion limits are excepted. This mark is call ed Plimsoll's Mark or Line, from Samuel Plimsoll, by whose efforts the passage of an act of parliament to prevent overloading was procured. The law ap plies to foreign ships while within any port of the United Kingdom, other than such as come into any such port to which they are not bound and for any purpose other than embarking or landing pas sengers or taking in or discharging cargo or taking In bunker coal. There must also he a mark on each side amidships indicating the position of each deck above water.