How have the courts interpreted the construction of this clause in the Construction of a Statement of Claim?

Ontario, Canada

The following excerpt is from Trust and Loan Co. of Canada v. Lawrason et al., 1881 CanLII 11 (ON CA):

The plaintiffs properly relied upon The Royal Canadian Bank v. Kelly, 19 C.P., 96, as an authority in their favour on the construction of this clause, as it does not appear that that case was reversed on any of the grounds upon which Mr. Justice Gwynne’s decision was founded.

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