Companies to subdivide their shares. MV = Austin, who at the time was administering the ROC (Records Office Circular) directed me to prepare the necessary Bill for the legislature, being of opinion that the law of the Colony concerning Joint Stock Companies ought to be assimilated to the Imperial Law on the subject.
3. He did so, which was substantially a transcript of the English Act, omitting such portions as are not applicable to local circumstances, was read a first time on the 25 August 1848. The second reading was postponed from time to time to enable members to consider its provisions, and afterwards to give the Chief Justice time to mature certain objections, which he desired to make to the principle of the Bill.
During the discussion which took place at the several meetings and in the printed statement of objects and reasons it was distinctly stated to and understood by the Council that the reason for introducing the Bill at the time was, that this particular company was taking advantage of its provisions; a circumstance which afforded good ground for offering the measure.
4. Eventually on the 5 March 1876, the Bill came forward again.
Page 139
Companies to subdivide their shares. MV = Austin, who at the have was administering the Roveruncat directed me to prepare. the necessary Bill for the wrhone, being of opinion thabite law of the to loud conccruing Joint stick, ruchome ought I be assimilated Io the Superial. Low on the subycot.
3. He dil which was substantially a hanserisch of the English sot. mmitting such horlita's as are- machlicate to local circumstances, was read a terit tins on the 25 August 1848 . the lecond reading was posthored from time to time
b
Grit to quable members to consider
st: provisions, and afterwards $7.
wat
139
time to the thief Justice to mature_ certain objections, which be deserous I making to the princelle of the Bill. During the discussion " which took place at the reveral portformints and in the printed clatement of objects and reasons it
was destine thy slated to and undershot
by the Council that the conson for introducing the Rile at the time was, that this articular company was recerons of latence advantage of its provisions : 2 cexcusistance which afforded bed of the unofficial disember & pround for offering the thuiscare.
4. Eventually on live 5 hard 1876. the Bill came son
forward
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