47
i
Chall be distinguished from the shares registered in the principal
register and no transaction with respect to any shares registered
in a branch register shall, during the continuance of that regis-
tration, be registered in any other register.
(5) The Company say discontinue to keep any branch register
and thereupon all entries in that regiater shall be transferred
to some other branch register kept by the Company in the same
district or to the principal register.
(6) subject to the provisions of this Ordinance any Company,
may, by ite articles, make such provisions as it may think fit
respecting the keeping of branch registers.
39.-- in relation to stamp duties the following provisions shall
have effecti-
(a) An instrument of transfer of a share registered in a
branch register simll be deemed to be a transfer of proper
ty situate out of the Colony and unless executed in any
part of the Colony shall be exempt from stamp duty in the
Solony.
(b) on the death of a member registered in a branch register,
the shares of the deceased mezber shall, if he died
domiciled in the Colony but not otherwise, be deaned, so far as relates to duties in the Colony, to be part of his estate and effects situate in the Colony for er in respect of which probate or letters of administration is or are to be granted or whereof any inventory is to be exhibited and recorded in like manner as if he were
registered in the principal register.