60.
62
His Lordship
Fr. Fitzroyi
10 protect the public mid to see that the requirseenta 0. tis Ordinance has been carried out. The lax Bays you have to issue your sharen in accordance with the KLEVEUX"KLI KÜLA, A ordinary en wishing to invest his mensy 25 a pauk, 200s this report and sayɛ "horo is a Company wiaduk had received $273,750.09" he looks on the o other gide and Jue "Loanu' so much. That is what the Statutory Bepezt is for. This Company has a large ement of money, sil right, an oing to deal with it.
20 have a certain amount of moncy in the ordingly nercantile Denue, wo Tind this bar beer. aub- corábed to the extent of Dy and in some canga 10,4, 1 them find that there are ja opissory notes in existence for a vez bain amount, another 5/.
The matter of the definition of the word "dash" will be left to the Jury.
In spite of the caber I have gapted you are leaving it to the ju}.
The Ca liwice svalon that a statement of cash must be
If you go to 1. Útagony and find that instead of datul they have certain notes, which may or may no
Can you for the Tit any that this is Doan my ʼn enaunallo Areon say it lu cash,
If you had a
ouslif.
carl in die leruenidis selesa, INCALLBELES mole in your pocket, would you say you band caci la pour poulet?. How could you say you had cash then it whb a mere promissory nota?. Can you for cue moment any that a szelesury note 40 cash?.
I am gelik。 you to guy Dllt 15 21 utterly impossible to say it is cabil in the ordiani, muž Jantile sense. It is Merely a pr mulusory hole to pay (500.00,Hop dan you possibly say it is meth?. Thet is one of a questions That the 1sarneŭ Judgo 13 golag to leave to you.
I can only put it before 26, 15 do for you so ko up your minde, the respon/Nedlity Tests upon you and you alone san give the assyou to the question which the learned Julgt is going to Leave to you.
shere za a second point. A man comes along and says a make application to the company for a persɔa“ al loan of 9,000.00 (Application Form read).
·
nhat happens. me auka for a loan. What happens a book entry takes plade, he doɑan't get the money. The entry received p5,000.00 and 20ORM 24,000.00. He is credited with da and will be nnarged 8%. No money passen. he statement says the shares will be issued wholly for cash, were these shares issued for GRAN? A Promissory nots of five cents to the dollar has been handad over and bocă entries were made for ninety centa 22 the doLART. These documents wer a signed.
(Public z MÉS LÀ LÀM Û Â On Notes
page 19 read) You have to ask yourselves, is this cash.
Can you, 86 reasonable mel, Bay lv 18 cashĩ, would you be prepared to carry it through in your own business, and if so, would you then go and state it in an official document for people to see where your firm alood?, would iɩ not be misleading for you to do such a thing Mr. Krewer mew how these transactions were carried out at was his own saliesne, nie sald he only wanted a small Capitaï why did he not issue a smaller amount of shares.... lie had told us that his Directors wanted
a big capital, he in his turu must have agreed to it. He himself devised this wonderful scheme. Merely cross untries in the boo: and the Report, it seems, could be made anowing the bank in a very fine financial position.