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the order, give such directions and make such provisions as seem just for placing the company and all other persons in the same position, as nearly as may be, as if the name of the company had never been struck off.

(4) A letter or notice under this section may be addressed to the company at its registered office, or, if no office has been registered, to the care of some director or officer of the company, or, if there is no director or officer of the company whose

name and address are known to the registrar of companies, may be sent to each of the persons who subscribed the memorandum, addressed to him at the address mentioned in the memorandum.

37. If a company makes default in complying with any Penalty. of the provisions of section 35 or of any rule or regulation Ord, 16 of relating therero it shall be liable to a penahy not exceeding 1997 s. 7, fifty dollars for every day during which the default con- tines and every director or manager of the company who knowingly or wilfully authorises or permits the default shall be liable to the like penalty.

bearer.

38.-(1) A company limited by shares, if so authorised Issue and by its articles, may, with respect to any fully paid-up shares, effect of or to stock, issue under its common seal a warrant stating share that the bearer of the warrant is entitled to the shares or warrants to stock therein specified, and may provide, by coups or 8 Edw. 7 c. otherwise, for the payment of the future dividends on the 69 s. 37. shares or stock included in the warrant, in this Ordinance termed a share warrant.

(2) A share warrant shall entitle the bearer thereof to the shares or stock therein specified, and the shares or stock may be transferred by delivery of the warrant.

(3) The bearer of a share warrant shall, subject to the articles of the company, be cutitle1, on surrendering it for cancellation, to have his name entered as a member in the register of members; and the company shall be responsible for any loss incurred by any person by reason of the com- pany entering in its register the name of a hearer of a share warrant in respect of the shares or stock therein specified without the warrant being surrendered and cancelled.

(4) The bearer of a share warrant may, if the articles of the company so provide, be deemed to be a member of the company within the meaning of this Ordinance, either to the full extent or for any purposes defined in the articles; except that he shall not be qualified in respect of the shares or stock specified in the warrant for being a director or manager of the company, in cases where such qualifica- tion is required by the articles.

(5) On the issue of a share warrant the company shall strike out of its register of members the name of the mem- ber then entered therein as holding the shares or stock specified in the warrant as if he had ceased to be a member, and shall enter in the register the following particulars, namely

(2) The fact of the issue of the warrant ;

(2) A statement of the shares or stock included in the warrant, distinguishing each share by its number; and

() The date of the issue of the warrant.

(6) Until the warrant is surrendered, the above parti- culars shall be deemed to be the particulars required by this Ordinance to be entered in the register of members; and, on the surrender, the date of the surrender must be entered as if it were the date at which a person ceased to be a member.

39.-(1) If any person-

Forgery,

() with intent to defraud, forges or alters, or personation,

offers, utters, disposes of, or puts off, knowing unlawfully the same to be forged or altered, any share engraving plates, &c. warrant or coupon, or any document purporting Ib. s. 38. to be a share warrant or coupon, issued in pur- suance of this Ordinance; or by means of any such forged or altered share warrant, coupon, or document, purporting as aforesaid, demands or endeavours to obtain or receive any share or interest in any company under this Ordinance,