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
we
they failed 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 inpored
the Cont
Mr.
MINUTE.
Mr. Bramston,
Ar
Mer. Malcolm,
Mr. Mende.
Mr. Herbert.
4. Iales obers that
Shace Warrants & Bearer
are only to be issued in
reefect of fully paid up
Shares or stock, wh
Entail no further liabilit
fran
the
o the
public or the creditons of
the Comfany
✓
Mer. Lowther.
Lord Carnarvon.
255
under there circ, Idoush
perceive that the disas hom
Consequence, wh die Iome
Smale anticipates, came
Evult from there clauses;
While
1
you
the other hand,
Thave hamacets fa, seif
from hand Shared
appa thy
womba
зво
seur & furtect the Vendors
of Shares when purchasers hack again hamfered & thens, but had not
Eopistered the transfers,
under whe state of circe
crifinal
the seller whore haus teemoing
Would
on the register continuer
་
liable for all claims in
776--H & S 18-15
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