they failed to show who are
the holder of any Bill, or
Duby
the payment of that the Bill was secured,
it would seem that a simple
rejection of the petition would
be the only duty imposed
the Court.
Mr.
MINUTE.
Mr. Bramston,
Mr. Malcolm,
Mr. Mende.
Mr. Herbert.
4. I also observe that
Share Warrants & Bearer
are only to be issued in
respect of fully paid up
Shares or stock, which
Entail no further liability
from
the
to the
public or the creditors of
the Company.
Mr. Lowther.
Lord Carnarvon.
255
under these circumstances, I do not
perceive that the disastrous consequences,
which Mr. Small anticipates, can
result from these clauses;
While on the other hand,
I have no doubt that they will
secure & protect the Vendors
of Shares when purchasers have
acquired & paid for them, but had not
registered the transfers,
under the state of circumstances
originally
the seller whose name remaining
on the register continues
liable for all claims in
776--H & S 18-15